NIC ASIA Bank launches Double Deposit scheme

NIC ASIA Bank Nepal recently launched a new fixed deposit scheme - NIC ASIA Double Deposit. A customer when depositing certain sum for a fixed period of 12 years can double the money deposited through interest at the time of maturity. The minimum balance for this kind of fixed deposit is Rs 100,000. The scheme provides a guarantee assurance to customers that would not be affected by market interest rate fluctuations and interest risk factors.