Press Release: NIBL launches a new product

April 16, Kathmandu Nepal Investment Bank Limited (NIBL) launches a new product.
This new product known as the “Saving Bonanza” offers interest up to 7.5 percent starting from 6.5 percent on daily balance. The minimum amount required to open this account is Rs. 100,000. This high yielding savings account is designed keeping in mind the higher return seeking clients with low investment amounts


Investment of up to 5,000,000 yields 6.5 percent interest and amount above 5,000,000 yields 7.5 percent on daily balance. This new account avails free ABBS, free e-Banking facility, free Visa Electron Debt Card, free accident insurance, free Utility payments (NTC Pre-Paid/Post Paid, e-ticketing for Yeti Airlines); it also enables unlimited deposits and withdrawals, privilege lounge facility and a full waiver of key deposits for lockers.


The Bank also provides services like foreign exchange, retail banking, import, export, letters of credit, guarantees and remittances, 365 days service, 183 ATM network, multiple teller counters, among other updated banking services.


The new scheme is available through all 39 branches of NIBL across the country.   The Bank has the highest paid up capital and reserves at 4.7 billion making it one of the safest financial institutions in Nepal.

 

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