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.

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New branch of Sagarmatha Merchant Banking and Finance Ltd

Sagarmatha Merchant Banking and Finance Ltd (SMBFL) started the operation from its fifth branch at Jhapa's Damak, on Wednesday. Earlier the company has opened the branches at Birtamod, Dharan, Biratnager and Itahari. The company conducts different kinds of deposit and lending scheme.

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Sagarmatha Merchant Banking branch

Sagarmatha Merchant Banking and Finance Ltd has opened its second branch at Sunsari district's Dharan on Wednesday. The finance company provides ABBS service, AMS banking, ATM and remittance services. The finance company has plans of opening more branches at Biratnagar, Damak and Itahari.

Source: 
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