For a very limited time period, Unlimited Remit along with Kumari Bank Limited 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.
Kumari Bank Limited, came into existence as the fifteenth commercial banks of Nepal, starting its banking operations from Chaitra 21, 2057 B.S (April 03, 2001) with an objective of providing competitive modern banking services in the Nepalese financial market. The Bank has paid up capital of NPR 26.23 billion.
Kumari Bank Limited provides a wide-range of modern banking services through 416 points of representation located in various urban, semi-urban and rural parts of the country, with 302 branches, 49 extension counters and 65 Branchless Banking Units.
The Bank has pioneered in providing modern banking services like Internet Banking and Mobile Banking. With the implementation of Core Banking Software, FINACLE (version 10), the Bank has been providing a robust, ultra-modern banking platform for all customers throughout the country.
You can ensure that you receive the highest interest rates thru Kumari Bank Limited 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.
Intereste Rate:9.01% per annum
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.