Fixed Deposit account is designed for person/entities who want to have higher returns than regular saving accounts. Development bank offers wide range of fixed deposit schemes that gives a good return on hard earned money with strong sense of security.

1.      Features:

1.      Renewal facility.

2.      Loan available up to 90% of the deposited amount at 2% higher rate than base rate of just previous quarter at time of lending or 2 percent more than coupon rate whichever is higher.

3.      Transfer of principal amount to originating account upon maturity of Fixed deposit.

4.      Online Fixed Deposit request facility

5.      Premature withdrawal is not encouraged. But in death case/special cases, the premature withdrawal facility is allowed as mention thereon Operation Policy of Bank.

6.      Interest payment frequency: Quarterly on daily closing balance

2.      Eligibility:

1.      Any Individuals/Entities with valid documents.

3.      Documentation

As per Operation Policy/AML& CFT policy/NRB Directives

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