The Top-Up fixed deposit is a special kind of term deposit product which helps people with regular income to deposit amount every month into their deposit account from their normal account and earn interest at the rate applicable to fixed deposits. This deposit matures on a specific date in the future along with all the deposits made every time. Depositors may choose a core amount to open their deposit and increase the amount subsequently. This deposit scheme will allow customers an opportunity to build up their savings through regular deposits of a sum over a fixed period of time.
|Min. Balance||NPR 10,000|
|Interest Payment Frequency||Quarterly|
|Interest Rate||Published Interest rates on Individual F.D.
3 months to below 6 months: 6.80%
6 months to below one year 6.90%
One year and above 7.01%
|Operative/Nominee Acount||Saving Account (Principal amount with interest shall be
posted on saving account at maturity)