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Particulars |
Feature |
Target Customer |
Individuals of all age group |
Eligible amount for Monthly Installment |
Minimum NPR 500 or in multiple of Rs. 500 per month (on the basis of an instruction of customer) |
Tenure |
3 months to 10 years |
Age Group |
All (including minor) |
Interest Rate |
11.03% p.a. |
Lump-sum Deposit (at any time) |
Over the counter, Mo-Bank and I-touch in multiple of NPR 100 but minimum NPR 500. |
Interest Calculation |
Daily |
Interest Capitalization Cycle |
Quarterly (Interest shall be credited to respective Nominee Account) |
Other Charge |
Applicable Charge as per STC |
Loan Overdraft |
Up to 90% of total amount. |
Premature withdrawal |
Pre mature of Masik Nichhep Khata allowed if the period of the Masik Nichhep Khata has crossed 50% of the total duration. |