- NCC Bank unveils 10 times more Fixed deposit (FD) scheme called “Prafulla Muddati Yojana”
- The depositors under this scheme can earn up to 10 times their original deposit amount
- Personal, and Corporate account holders can take benefit of this offer to multiply the deposit amount.
Nepal Credit and Commerce Bank (NCC) has brought a new deposit scheme that allows depositors to get 10 times more on their fixed deposits. For the maximum return, they need to save the amount in FD for 21 years. The bank calls it Prafulla Muddati Yojana and it aims at serving personal and corporate customers.
Under the Prafulla Muddati Yojana, fixed depositors will be able to earn 10 times more deposit amount from the bank. However, the amount you earn through this scheme depends upon the duration of your saving. You can get 2 times, 3 times, 5 times, and 10 times more deposits under this scheme.
The offer is available for a limited period only.
The bank’s personal and corporate account holders will be entitled to benefit from the Prafulla Muddati Yojana by saving their deposits from 6 to 21 years.
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NCC Bank Unveils 10 Times More Deposit Scheme | Prafulla Muddati Yojana
Under a Personal account, saving in fixed deposit for 6 years, 4 months, and 25 days will get you 2 times more on your originally deposited amount. For 3 times more deposit, you need to save the premium for 10 years, 1 month, and 28 days.
Similarly, if you want 5 times more amount on your deposit, you need to save it for 15 years, and 11 days. If you want a maximum of 10 times more amount, you need to save your amount for 21 years, 6 months, and 28 days.
For Corporate customers, saving amount in FD for 7 years, 1 month, and 12 days will get them 2 times more in deposit amount. For five and ten times more deposit amount, they need to save the amount for 17 years, 22 days, and 24 years, 11 months, and 2 days respectively.
| NCC Prafulla Muddati Yojana (FD scheme) | Personal | Corporate |
| 2 times (2X) | 6 years 4 months 25 days | 7 years 1 month 12 days |
| 3 times (3X) | 10 years 1 month 28 days | 11 years 5 months 20 days |
| 5 times (4X) | 15 years 11 days | 17 years 22 days |
| 10 times (5X) | 21 years 6 months 28 days | 24 years 11 months 2 days |
Besides, customers who save their premium in the Prafulla Muddati Yojana will get 5 lakh in Accident Insurance for 1st year. Likewise, the depositors will also be entitled to up to Rs.2 lakh for Critical Illness Insurance for the first year after saving in the FD.
Also see: Get 10 Times More on Fixed Deposit From NIC ASIA Bank
NCC Bank is one of the leading private commercial banks in Nepal. Presently, it is serving the customers countrywide via 156 branches, 15 Extension Counters, and 133 ATMs.
The bank has spread its services from Far West to the Far East, across all the seven provinces in Nepal. Similarly, the bank has established a corresponding agency links with over 150 international banks creating a robust global network.