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: Recurring Deposit
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Recurring Deposit  
• Recurring Deposit Account can be opened by maintaining minimum balance of NRs. 300.00
• Amount to be deposited monthly equal installment.

S. no.
Time period of Deposit
Time of Amount Refunded
Amount payable upon maturity
1
42 Equal monthly Installments
43rd Month
Amount Equal to 50 Installments


Eligibility:

Corporate bodies.

Personal Account:

• Identification Card in the form of Citizenship
   Certificate/Passport/Other ID/PAN Card

Documents
The copy of the following certified documents has to be submitted while requesting for opening of Account

Nominees form:

• Photograph of the nominee
• Signature of the nominee

 

 
Clubs/Societies and Association:

• Copy of Registration Certificate
• Copy of Bye-Laws
• Copy of Resolution to Open and Operate the account
• List of members

Minors:
• Guardianship to be verified with related documents

Corporate body:

• Certificate of Incorporation
• Memorandum and Article of Association of the Company
• Resolution of Board of Directors to Open and Operate the account
• Sample of Company Seal
• Name of the Directors of the Board

 

Partnership Account:

• Certificate of Partnership Registration
• Copy of Partnership deed, if any

Proprietorship Account:

• Registration Certificate
• Identification of Proprietors


 
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