Overview

MBL NRN Fixed Deposit Account- FCY is designed to serve NRNs by providing fixed deposit facilities in various foreign currencies.

Product Features/Benefits

1

Currency

Minimum Required Balance

USD

1,000/-

GBP

1,000/-

EURO

1,000/-

AUD

1,600/-

JPY

150,000/-

CAD

1000

CNY

7500/-

2

Interest Rate: Click here to view

3

Deposit Period: 1 - 5 years

4

Repatriation: Interest earned will be repatriated to the bank account of the sender’s remittance country. Account balances can be used in Nepal or transferred to NPR accounts upon request by the account holder.

5

Interest Payment: Interest from fixed deposits and savings accounts will be credited quarterly to the account holder’s savings account. Interest tax will be applied as per Nepalese tax laws.

6

Principal Maturity: Principal of the fixed deposit is repayable only at the end of the deposit tenure. For deposits exceeding one year, early withdrawal is permitted after completion of one year, subject to the depositor’s request.

7

Regulatory Conditions: Terms and conditions are subject to change in accordance with Nepal Rastra Bank guidelines.

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  • Minimum Balance Requirement: Zero

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MBL NRN Saving Deposit Account (FCY)

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Reviews
  • Currency

    Minimum Required Balance

    USD

    1,000/-

    GBP

    1,000/-

    EURO

    1,000/-

    AUD

    1,600/-

    JPY

    150,000/-

    CAD

    1000

    CNY

    7500/-

  • Free first cheque book issuance

  • 0.15 paisa premium/rebate on FCY exchange