Kathmandu, June 16:

Kist Merchant Banking and Finance Ltd (KMBFL) has brought ‘Kist Tax Free Saving Deposit Scheme’.

Under the new scheme, which came into effect from Sunday, customers can open an account at a minimum of Rs 100 that will attract six per cent interest on daily deposits, states a press release.

The tax on interest income of the deposits will be borne by Kist itself on behalf of the account holder.

Free facilities of Kist SSB Debit card, cheque book, bank statement, bank balance certificate, ABBS and SMS banking services will be available in this scheme, too.

To have enough liquidity and increase their base, lately financial institutions are coming with new schemes — to lure depositors of different age group.