Machhapurchchhre Bank has introduced new
scheme in the deposit for elder persons who are more than 50 years. |
1. Product Features
a) This is a Personal Saving Account.
b) Only persons whose age is more than 50 years are eligible to open this
account.
c) Account can be opened with a minimum balance of NPR 500/-
d) This account may be opened in the joint name with immediate family members
whose age is more than 50 Years..
e) Account can be opened in Local currency only.
2. Pricing:
i) Interest rate on this account will be 8% p.a. The rate will be revised
from time to time with the product performance review.
ii) Interest on this account will be calculated on monthly minimum balance.
iii) Interest will be applied (credited) to the customer’s account quarterly.
iv) Interest Tax will be applicable to the interest earned and payable net
of tax.
3. Other Characteristics:
a) Cheque Book will be given with 15 cheques leaves at a time.
b) The account statement, upon request of the client, will be delivered
at the counter (collect).
c) This account to be reported in separate heading “Samman Bachat
Khata” under Deposit in bank’s General Ledger. It should have
different account or product type under Saving Deposit products.
d ) All other rules of bank set for saving deposit account opening are applicable
to this account.
e ) This account will have following limitations or restrictions (which
needs to be put in the Account opening form):
i) Account balance cannot go below NPR 500/-.
ii) If the account balance is reached to zero or less, the bank will close
the account automatically.
iii) The account once closed shall not be re-allocated or re-opened.
iv) Account Closure Charge will be charged as normal.
v) Anywhere Banking Facility will not be available to this account type.
However, if any account needs that facility, bank's normal charge will be
attracted.
vi) Locker closer charge will be charged as normal..
vii) SCT debit card will be issued free of charge for the first two years.
While renewing 50% discount will be given. However, issuance charge of VISA
card will be normal.
viii) Mobile Banking will be provided free of Charge.
ix) Account Holder's Telephone Bill Payment Service will be free of Charge.
x) 50% discount in Locker Charge. However, Security (Margin) Deposit for
Locker is required.
50% Discount in TC issuance charge
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| NEWSFLASH |
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| FOREX - more ... |
| USD |
74.18 |
74.55 |
75.15 |
| EUR |
94.18 |
94.65 |
95.60 |
| GBP |
113.57 |
114.14 |
115.28 |
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