Sanima Bank to provide monthly interest on all accounts

NL Today

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Kathmandu: Sanima Bank is providing monthly interest on all types of accounts—Nepali and foreign currency—from the new fiscal year. It is applicable to all saving accounts, call accounts, and fixed deposit accounts.

Likewise, Sanima Bank has launched Sanima Dhamaka Fixed Deposit for its individual and institutional customers. Deposits made under this scheme will be five times in a minimum period, the bank said in a press release.

The fixed deposit amount will be paid in a lump sum up to five times after its maturity. Individual customers can apply for a loan facility up to 90 percent limit of the fixed deposit amount, and also apply for a free credit card.

Similarly, the bank has introduced the Sanima Recurring Deposit account to its customers willing to earn maximum interest by saving monthly. The recurring account can be opened from 1 to 5 years where installments and interests are credited into this account on monthly basis. Customers won’t need to worry about a decrease in interest rate.

Sanima Bank is providing banking services from 127 offices and 120 ATM networks in all 7 provinces.