Deposits
Mero Laghu Muddati Khata
Kumari Bank Ltd launched “Mero Laghu Muddati Khata” on 17th October 2011 thus breaking the trend of FD meant only for huge deposit. Now, one can earn desired interest on amount as small as NPR. 1,000.00 and its multiples. Multiple FDs can be opened for various denomination of NPR. 1,000.00, NPR 5,000.00 & NPR 10,000.00. We wish to reach out to the mass by creating easy access to open fixed deposit and collecting small deposits from number of individuals.
The key features of this FD is:
First, the customers will be benefited with higher return on small amount (Effective Annual Rate (EAR) is as high as 12.00% pa) ;and
Second, the customers have multiple options to choose from the variety of interest payment mode to suit one''s need and one can easily pre-liquidate the FD amount.