Kathmandu, January 6 :

NIC Bank Ltd has introduced a new deposit sche-me ‘NIC shareholders savings account’ for its shareholders.

As one of the innovative commercial banks, NIC Bank has about 33,000 shareholders. The main objective of the scheme is to accumulate the widely scattered shareholders’ deposits and provide them modern and innovative banking services plus a good return on their savings, states a press release.

Shareholders can open an account at Rs 1,000 but can benefit from a host of attractive services including free NIC CashCard, SMS banking, accidental insurance amounting to Rs 100,000, and inward remittances along with interest rate of four per cent.

“The shareholders will no longer need to queue to receive dividend payments, as the same will be directly credited to the account,” the release states.