Clean Future Deposit
Clean Future Deposit is to cater the financial needs of the individuals/institutions who want to make small deposits on regular basis for specific purpose rather than making a bulk deposit as generally required by the available fixed deposits. This account motivates the customers to set aside a small amount on regular basis for future purpose. In the process, they’ll also be contributing to create energy efficient and green Nepal.
Interest Rate: Upto 8%
Interest Calculation: Daily
Interest Application Cycle: Quarterly
Minimum deposit to open account: NPR 500.00
Loan up to 90% of the deposit is available at coupon rate +2% interest in case of emergency
E-statement for monitor account
Multiple Future Accounts can be opened with a link to single saving account
Monthly Deposit: NPR 500.00 or its multiple amount
Interest Application Cycle: Quarterly
Minimum deposit to open account: NPR 500.00
Loan up to 90% of the deposit is available at coupon rate +2% interest in case of emergency
E-statement for monitor account
Multiple Future Accounts can be opened with a link to single saving account
Monthly Deposit: NPR 500.00 or its multiple amount
Criteria:
Accountholder must maintain a saving account at CEDB
Predetermined monthly deposit amount must be deposited within the specified date every month
Accountholders can also make advance deposit
Premature cancellation in emergency cases is allowed with a condition that the accountholder shall be provided interest @ 3% less than the coupon rate and cancellation charge of NPR 500.00 flat.
Nominal penalty of NPR 25.00 per installment per month is charged for a failure to make the timely deposit
Funds in excess of the total deposit required under this scheme can be deposited in agreement with the bank’s authority
Predetermined monthly deposit amount must be deposited within the specified date every month
Accountholders can also make advance deposit
Premature cancellation in emergency cases is allowed with a condition that the accountholder shall be provided interest @ 3% less than the coupon rate and cancellation charge of NPR 500.00 flat.
Nominal penalty of NPR 25.00 per installment per month is charged for a failure to make the timely deposit
Funds in excess of the total deposit required under this scheme can be deposited in agreement with the bank’s authority
