- You can earn 10 times more on fixed deposit from NIC ASIA Bank
- The offer is the continuation of the popular scheme from last FY 78/79
NIC ASIA has announced it is continuing the popular 10 times more fixed deposit scheme. The offer was available in the last FY 078/79 on deposits from Ashar 12 till the end of the very month. The silver jubilee bank has decided it will continue the offer this FY 079/80 too.
The offer is aimed at personal, corporate, and remittance customers. The bank says the participation, desire, and interests of the customers living in and out of Nepal were behind the reason to continue the offer.
As per the bank’s official statement, the ’10 times more fixed deposit offer’ will stay valid till the end of Shrawan this term.
“By identifying customers’ banking needs, and expectations and studying and analyzing the micro aspects of the market, the bank has decided to resume this scheme that makes its deposit schemes more customer-friendly and effective accordingly,” the bank says.
Also read: NIC ASIA Bank App free for Ntc and Ncell Users
Earn 10 Times More on Fixed Deposit From NIC ASIA Bank
The scheme allows customers to get 2 to 10 times the amount of their fixed deposit. For this, they need to deposit the amount in a fixed deposit for 5 years 10 months to 21 years. However, the conditions vary according to the scheme you choose. Additionally, the customers can also get loans as high as 80% of the total amount in their account.
However, the amount of deposit on this FD savings depends upon the type of your saving. The bank has provided three different types of FD saving for the 10x deposit returns. These are Personal, Corporate, and Remittance. Do go through the table below to find out the different schemes under this plan.
| NIC ASIA 10x FD scheme | Personal | Corporate | Remittance |
| 2 times (2X) | 6 years 4 months 25 days | 7 years 2 months 27 days | 5 years 10 months 14 days |
| 3 times (3X) | 10 years 2 months 14 days | 11 years 8 months 9 days | 9 years 4 months 10 days |
| 4 times (4X) | 12 years 11 months 2 days | 14 years 10 months 29 days | 11 years 10 months 7 days |
| 5 times (5X) | 15 years 13 days | 17 years 5 months 9 days | 13 years 9 months 15 days |
| 6 times (6X) | 16 years 9 months 6 days | 19 years 6 months 7 days | 15 years 4 months 17 days |
| 7 times (7X) | 18 years 2 months 24 days | 21 years 3 months 13 days | 16 years 8 months 21 days |
| 8 times (8X) | 19 years 6 months 1 day | 22 years 9 months 26 days | 17 years 10 months 20 days |
| 9 times (9X) | 20 years 7 months, 15 days | 24 years 2 months 5 days | 18 years 11 months 1 day |
| 10 times (10X) | 21 years 7 months 17 days | 25 years 4 months 23 days | 19 years 10 months 2 days |
Previously, the bank has provided schemes that allowed insurance of up to Rs.84 in 5 years and other benefits under the “Sarbashrestha Bachat Khata” scheme.
NIC ASIA Bank is also the highest taxpayer among the banks and financial institutions in Nepal in FY 078/79. The bank filed Rs.3.41 billion as per the latest data. Don’t miss: NIC ASIA Bank Brings Cash Recycler | Deposit into Machine
The bank serves through 359 branch offices, 473 ATMs, 102 extended counters, and 81 branchless banking. The bank serves the largest share of the population in the 20-50 age groups (25%) under its network.
How compelling do you find the scheme to earn 10 times more on fixed deposit from NIA ASIA Bank? Do leave your opinion in the comments below.