New savings plan: Sagarmatha Merchant Banking and Finance

Sagarmatha Merchant Banking and Finance Ltd (SMBFL) introduced saving account Karmachari Bchat Yojana for working people, offering 10.5 per cent interest rate. Another account Sambridhi Bachat Khata offers 11.5 per cent interest on daily deposits. However, the minimum balance of the account should be Rs 300,000. The accounts can be opened with one rupee and there are no restrictions on deposit and withdraw limit on the two new accounts.

Source: 
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