NIC ASIA Bank Nepal Ltd has launched a new Fixed Deposit scheme ‘NIC ASIA Double Deposit’.

The scheme offered by NIC ASIA targets individuals customer to deposit certain sums, minimum of 1 lakh for a fixed period of time of 12 years. The interest earned on this sum eventually doubles the money at the time of the maturity. 

The scheme provides a guarantee assurance to the customers that would not affect by market interest rates fluctuation and interest risk factors.

Additionally, this product provides privileges of withdrawals through instant, hassle-free overdraft facility in case of need. With the Saving Deposit Benefits offering following features, the product is one of the unique of its kind include Zero Balance, Credit Card Facilities, Accidental Death Insurance, Free Debit Card / Internet and SMS Banking.

“NIC ASIA BANK being one of the largest private sector commercial banks in the terms of capital base, balance sheet size and number of branches; is committed towards innovating various products and services to its target market of all age group, gender and profession,” BhanuDabadi Head Corporate Communication and Branding.