For a very limited time period,Lalit Mney and Rastriya Banijya Bank is offering its customers highest interest rates on Fixed Deposits being opened for remittances.
The account is automatically opened with a single click while sending the remittance to Nepal.
Rastriya Banijya Bank Limited (RBBL)has a history of serving its customers far and wide across the nation for more than half a century. The bank then fully owned by Government of Nepal, was established on 10 Magh 2022 (23 January 1966) under the special statute "Rastriya Banijya Bank Act, 2021" and had operated under "Commercial Bank Act,2031” until it was re-registered as public limited company on 6 Baishak 2063 (19 May 2006). At present, the Bank operates as "A" class financial institution licensed by Nepal Rastra Bank and carries out commercial banking activities as per the provisions of the "Bank and Financial institutions Act 2073," (2017).
RBBL endured many stressful years of business and faced existential questions at some point of time in the past. But learning the lessons from the events and craving towards the brighter future, the Bank successfully implemented a restructuring plan; and now it stands as one of the most preferred bank with the highest number of customers all 77 districts and 7 provinces of the country. The Bank has been able to imprint its presence in national economy through efficient allocation of resources in all sectors of economy thereby enhancing production and generating employment opportunities within the country. The unflinching faith and goodwill bestowed by our customers continued support from the Government, well wishers and general public has been the reason for us to stand as the most trusted bank in the country.
You can ensure that you receive the highest interest rates thru Rastriya Banijya Bank when you send a remittance into Nepal from overseas and click on Fixed Deposit (FD) creation.
Here are the steps to create your FD
STEP 1:CLICK ON FD WHILE SENDING MONEY
Once the beneficiary requests for remit, sender have to choose Fixed Deposit option while sending money
STEP 2: CONFIRM THE INTEREST RATES AND PERIOD OF FD
After choosing Fixed Deposit option, sender have to confirm time period for fixed deposit. Note: Interest rate shall vary according to chosen time period.
STEP 3: INTEREST POSTING METHOD
Interest is posted at the end of the period of your Fixed Deposit and you will be able to withdraw both interest and principle amount together.
STEP 4: HIGHEST INTEREST RATE
Now beneficiary can enjoy INTERESTING INTEREST from their Fixed Deposit. This is the highest interest rate that any financial institution can provide in Nepal and special approval provided for remittance coming into Nepal.
HIGHEST INTEREST RATE
Earn the highest interest rates that any commercial bank is giving at the moment when you send a remittance and the FD is automatically opened under beneficiary name.
This is approved by Nepal Rastra Bank to provide an additional 1% interest on the highest interest rate.
Current interest rate is
12.03% per annum
for periods ranging from 3 months to 3 years having minimum balance of RS 10,000.
PERIOD OF FIXED DEPOSIT
The Fixed Deposit Periods can be anywhere from 3 month to 3 years.
The interest rate is fixed when you open the account. Even if the interest rate fluctuates later after the account is opened to go higher or lower, your Fixed Deposit account interest rate is fixed till the period of your Fixed Deposit.
INTEREST PAID OUT EVERY QUARTER
Interest fromyour Fixed Deposit is paid out into your saving account at Rastriya Banijya Bank Ltd at the end of every quarter calculated from the Bikram Sambat fiscal year and fiscal quarter.
Fixed Deposit in Whose Name?
Is the Fixed Deposit Account with Lalit Money Transfer or with Rastriya Banijya Bank Ltd?
Do you need any other documents to open my Fixed Deposit?
Can I Open My Fixed Deposit Account in Another Bank?
What is the Minimum Amount for my Fixed Deposit
Can I Open A Fixed Deposit Account even if I have not received a Remittance?
Do I have to Open a Fixed Deposit of the full Amount of my Remitance?
Can the Fixed Deposit be opened in another person's name?
In case in future I need to take a loan against my Fixed Deposit, is this possible.
Can I close my Fixed Deposit Account before its maturity?
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