Term Deposit Interest Rates

The interest ratest will be calculated on daily balance and payable at the end of the month.
Interest will be calculated on simple interest method.
Minimum investment amount for fixed and recurring deposit is Nu. 1000.
The maximum tenor for fixed deposit and recurring deposit will be 20 years.
The panel interest on pre-mature withdrawal of term deposit will be:
- Penalty of 1.00% on applicable interest rate for the tenure completed of the term deposit for retail category.
- Penalty of 0.50% on applicable interest rate for the tenure completed of the term deposit for corporate category.
Additional interest rate scheme for senior and super senior shall be applicable income deposit for individuals only.