Mega Bank Nepal Limited has launched the short term fixed deposit product ‘Mega Dhamaka Bonanza Account’.
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 FD tenure of 65 days and interest rate of 6.5% for FD tenure of 120 days, said the bank in a press statement on Wednesday, April 1, 2015.
“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 individual customers are eligible to open their accounts under this scheme.”
This product scheme comes with various other benefits and services such as free issuance of Checkbook and SCT Debit Card, Free Online Banking facility and On Demand Account Statement and Free ABBS facility, it added.
Moreover, the account holders under this scheme can also avail an overdraft loan limit of up to 90% of the total Fixed Deposit principal amount.
Accounts under this scheme can be opened in any of the bank’s 28 branches throughout the country.