KATHMANDU: NIC Bank’s Narayanghat branch was inaugurated by chairman Jagdish Agrawal today. The branch opened in September 2009 and provides evening counter service apart from a 24 x 7 ATM.

Response has been overwhelming, with 1,500 customers having opened accounts. NIC Bank posted 21 per cent growth in net profit at Rs 40.4 million in seven months of the current fiscal. NIC has launched a new scheme “NIC Happy Savings Account” to be opened with an deposit of Rs 1,000. This account has a special high rate of seven per cent per annum for women and senior citizens.