Nabil Bank Ltd is introducing a new saving product named ‘Smart Fixed Deposit’, targeting migrant workers. Speaking at a press meet organized by the bank on the eve of the bank’s 30th anniversary, the bank’s CEO Anil Gyawali told media persons that migrant workers can open the account on the fixed deposit (FD) as well as extend the period of the FD account through online system.

Gyawali said the product, which would be launched from the beginning of the new fiscal year 2014/15, is being introduced as part of the bank’s commitment to provide modern banking service.

“The journey that the bank started 30 years ago is enriching the life of every stakeholder and we continue to make further strides in our quest of excellence in banking in Nepal,” the bank said in the statement.

When asked about the bank’s plan to increase lending against the backdrop of liquidity surplus in the banking system, Gyawali said they were waiting for the investors to come up with loan demands. “We do not move ahead aggressively to increase loans overnight. We want to manage liquidity surplus in a prudent way which is the strength of Nabil Bank,” he said, and added: “If investors come for borrowing, we are ready to extend the lending.”

Similarly, Nabil Bank Ltd has brought Smart Fixed Deposit Scheme with new attractive features. According to a statement issued by the bank, customers will have the option of automatic renewal of the fixed deposits under this scheme.