The objective of the scheme is to enable the participating depositors to make a financial provision for their future needs, by paying deposits in monthly installments for an agreed period. The dream is to make every Nepali a “Crorepati” or atleast a “Lakhpati."
a) The customers shall have various options:
i. Monthly installment with initial deposit.
ii. Monthly installment without initial deposit.
(Variables of final payoff amount, installment amount and tenure tailored to customer’s choice)
b) Interest paid is higher than average market rate.
c) No in between withdrawal shall be allowed. However withdrawal shall be allowed as loan.
d) A/C holders can deposit their monthly deposit fund by providing debit authority and standing instructions to bank for their checking account by depositing cash or through remittance.
e) Highly flexible scheme as the customer can opt for with or without initial deposit as well as final payment tenure ranging from 5-20 yrs and final payment amount ranging from 1 million to 10 million.
f) Attractive gift scheme may be introduced for final payment of Rs.10 million depending upon management’s decision which may be reviewed time and again.
g) Free ATM Debit card in checking account.
h) Free ABBS
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