Kasthamandap launches two new schemes

KATHMANDU, Aug 10: Kasthamandap Development Bank has launched two deposit schemes: Children´s Saving Account and Time Deposit.
Under children´s saving account, customers can open an account with a minimum balance of Rs 500 and will give an annual yield of 7.5 percent. While, under time deposit scheme, an annual interest rate of 10.30 percent has been fixed.
“Under this scheme, customers will have to deposit the money for a minimum of one year and the interest payment will be made in every three months,” says a press statement issued by the bank.