प्रयोगकर्ता:Rubesh shrestha/प्रयोगस्थल

Sunrise Bank Limited is a commercial bank in Nepal. The bank is an ‘A’ class commercial bank licensed by Nepal Rastra Bank and has branches all across the nation with its head office in Kathmandu which provides entire commercial banking services.

FIXED DEPOSIT PRODUCT

Fixed deposit is investment instruments offered by banks and non-banking financial companies, where you can deposit money for a higher rate of interest than savings accounts. You can deposit a lump sum of money in fixed deposit for a specific period, which varies for every financier. Once the money is invested with a reliable financier, it starts earning an interest based on the duration of the deposit. Usually, the defining criteria for FD is that the money cannot be withdrawn before maturity, but you may withdraw them after paying a penalty.

Moreover, When you invest in a fixed deposit investment, you have the option to choose a tenure (also known as ‘term’). When you select a tenure, you are deciding to put your money away and not touch it for a period of time (one month, three months, six months, one year, etc.). These tenures can vary anywhere from one month to five years.Each tenure comes with a predetermined interest rate.

Fixed Deposit Accounts are designed for individual and rporate houses who qualify for interest earning on the idle funds for a period of time. Fixed Deposit Accounts are opened for a fixed period of time. Fixed Accounts provide the depositors with competitive interest at the rates agreed upon the time of opening the deposit.