Savings

Aabhash Term Deposit

Aabhash Term deposit accounts are meant for those individuals, who would like to earn interest on the fund not in use otherwise for a period of time. This account is opened for a fixed period of time ranging from 1 year to 3 years. These accounts pay interest to account holders at the rates agreed upon with customers at the time of opening term deposits. The interest rate and initial deposit will be fixed for the period as agreed with the cooperative. In case term deposit holders need fund from the term deposit account prior to its maturity, they can apply for a loan pledging the term deposit certificate.
The features of the product are as follows:-

• Account can be open with NPR 10,000
• Interest rate: Interest rate will be applied as per office rule
• Interest will be posted on quarterly, semiannually and annually basis.
• Deposit amount cannot be withdrawn prior to its maturity.
• Loan against Term Deposit Certificate, interest rate on loan is +2% on Deposit Interest.

What is required?

• Account holder’s Passport Size Photo 3 psc.
• Account holder’s Citizenship Photocopy 1 psc.
• Nominee’s Passport Size Photo 1 psc.
• Nominee’s Citizenship Photocopy 1 psc.