Biratlaxmi Development Bank in Budhabare.

BIRATNAGAR, Aug 10: Biratlaxmi Development Bank, the first regional-level development bank of the eastern region, has opened its new branch in Budhabare of Jhapa district. This is the fifth branch of the bank. Inaugurating the branch, its executive chairman Prabhu Prasad Parajuli stated that the new branch was established as a part of the bank´s drive to expand network aimed at providing modern banking facilities to the people in urban as well as rural areas of the region.Biratlaxmi, which was established about five years ago, has its head office in Biratnagar. The bank has student savings, senior citizens savings, grihalaxmi savings, share transactions savings and special savings accounts, among others, pledging interest return of 6.75 percent interest per annum.