Depositors to receive up to 10 times the deposit amount in ‘NIC Asia Best 10 Times Term Plan'

Published On: June 30, 2022 01:05 PM NPT By: Republica  | @RepublicaNepal

KATHMANDU, June 30: NIC Asia Bank has unveiled its latest scheme, ‘NIC Asia Best 10 Times Term Plan’ with the highest interest rate of 10 times the return on deposits starting from June 26, 2022.

In this scheme which is currently being implemented for a short period, the depositors will get double to 10 times the deposit amount as per the amount deposited in the term account from five years 10 months to 19 years 10 months. They can also take a loan equal to 80 percent of the amount they have deposited, according to a statement issued by the bank.

The various components of the scheme are shown in the table below:


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