March 25, 2018: NIC Asia Bank has introduced a new scheme called ‘Agreem Bhuktani Muddati Khata’ under which the bank will issue in advance the interest to its fixed depositors for their deposits.
Customers will get interest in advance amounting to 11 per cent annual interest rate of deposits. Moreover, the bank also said that fixed depositors can withdraw up to 80 per cent of their deposit as ‘loan’ as per their need and requirement under the scheme.