KATHMANDU, April 1: Mega Bank Nepal Limited has launched a short-term fixed deposit product named 'Mega Dhamaka Bonanza Account'. According to a press statement, under this scheme, accounts can be opened with a minimum balance of Rs 200,000 with an interest rate of 6 percent per annum for tenure of 65 days and interest rate of 6.5 percent for fixed deposit tenure of 120 days.
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"Upon maturity, both the principal as well as interest amount will be automatically credited into the respective interest nominated accounts of the account holders," the statement added.
According to the bank, the product scheme comes with various other benefits and services such as free issuance of checkbook and SCT Debit Card, free online banking facility, on demand account statement and free ABBS facility. Moreover, account holders under this scheme can also avail an overdraft loan limit of up to 90 percent of the total fixed deposit principal amount, said the bank.
