NIC Asia Bank has introduced ‘Agreem Bhuktani Muddati Khata,’ a New Year scheme under which the bank will issue interest to its fixed depositors for their deposits in advance.
Fixed depositors at the bank for different periods—three months, six months, nine months and one year—will get the interest on their fixed deposits on the very day the customer opens the account. Customers will get interest in advance amounting to 11 percent annual rate of deposits. The fixed depositors can also withdraw up to 80 percent of their deposit as ‘loan’ under the scheme.
