NIC raises interest

KATHMANDU: Considering the overwhelming response from its customers and to assist in financial prosperity, NIC Asia Bank has increased the interest rate on ‘Samunnati Bachat Khata’ to nine per cent per annum with immediate effect.

The new savings account was launched in April and the bank had been providing eight per cent interest rate to its customers, as per a media release.

“The new interest rate is the highest in the banking fraternity in such saving products.” The additional benefits of this savings account include zero minimum balance, free debit card, free internet, among others.