Everest Bank re-launches Saugat Bachat Khata

Everest Bank has re-launched ‘Saugat Bachat Khata’ with higher interest rates. According to a statement from the bank, the scheme is a hybrid product that integrates the features of both saving and fixed deposit with sweep in and sweep out facility. Customers operate the account as a savings account, however, as the funds remain for longer period, they earn highly attractive rates. This scheme gives more flexibility in terms of operation and maximum return in terms of investment, from 7-9% per annum.