“Mero Kramik Khata is a recurring deposit product where individuals can regularly deposit a fixed amount of money at predefined intervals and enjoy the interest rate of FD to earn highest return on their savings.”
This product offers interest rate of fixed deposit to customer wherein customers can choose a fixed amount which they can transfer to Recurring Deposit Account either in there owns account or designated persons account for a defined period of time every month in order to earn highest return and create savings habit at the same time for future investments.
The insurance coverage amount is up to NPR 5 Lakh as per Monthly Recurring Deposit with maximum facility up to 25 lakh. There are no charges on late payment exceeding 28 days grace period. Premature Breakage charges is NPR 10 per standing instruction execution.
Yes. Customers can avail loan against recurring deposit up to 90% amount after 3 months of regular deposit. The rate of loan against RD will be as per prevailing STC.
In case of accountholder’s death, the amount shall be paid to his/her nearest beneficiary as per the government rules. Insurance company upon receipt of all the required documents shall verify and proceed for the claim settlement within 15 working days.
Yes, multiple RD accounts can be opened by the customer.