Citizens Bank introduces 180 days fixed deposit scheme

Published On: January 21, 2017 09:53 AM NPT By: Republica  | @RepublicaNepal

KATHMANDU, Jan 21: Citizens Bank International Ltd (CBIL) has started offering a 180 days fixed deposit scheme.

In a statement, the bank said clients who deposit under the scheme will be offered 9.5 percent interest. CBIL also said it started the Application Supported by Blocked Account (ASBA) system on January 14.

Under the system, the applicants’ money for any issue is debited from their bank accounts only after the applicant has been selected in the allotment process, CBIL said.

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