Corporate Fixed Deposit Account

Minimum/Maximum balance in the account

• Minimum Amount: Nu. 1,000,000
• Maximum Amount: No limit
• Minimum and Maximum Tenure: Subject to Change

Features

• 3.The rate of interest is negotiable by the bank.
• 4.For pre-closure of corporate FD, if the account is closed after 70% of the tenure has been completed, the system pays interest at a rate that is 2% lesser than the contracted rate. If the account is closed when the deposit has run for a period lesser than 70% of the contracted period, no interest is payable.
• 5.The minimum deposit amount is Nu. 1 million and there is no maximum limit.
• 6.Interest income is taxable as per applicable laws; TDS may be deducted.