NIC Asia Bank Introduces New Interest Rate
June 26, 2020 | Investopaper
NIC Asia Bank has published a new interest rate for its deposits and loans. The interest rates are effective from Ashad 1, 2077 (June 15, 2020).
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The bank will provide up to 5 percent in the savings deposit and 8.25 percent in individual fixed deposits.
Likewise, NIC Asia Bank will float the loans with a premium of up to 5 percent on the base rate. The base rate as of Baisakh, 2077 is 8.84 percent.
See the current interest rate on deposits and loans provided by NIC Asia Bank in the notice below:
Related: Everest Bank Interest Rate
NIC Asia Bank Interest Rate On Deposits
Effective from 1st Ashad 2077, (15th June, 2020)
| A. Deposit | ||||
| Savings Deposits | Minimum Balance (NPR) | Interest Rate (% p.a) | ||
| Youth Savings Account | 100 | 3% | ||
| Sulav Bachat Khata | 500 | 3% | ||
| Life Savings Account | 10,000 | 3% | ||
| Happy Savings Account | 1,000 | 3% | ||
| Shareholder Savings Account | 100 | 3% | ||
| Share Shuvidha Bachat Khata | 500 | 3% | ||
| Special Savings Account | 5,000 | 3% | ||
| Super Special Savings Account | 10,000 | 3% | ||
| Premium Savings Account | 25,000 | 3% | ||
| Samrakchyak Bachat Khata | – | 3% | ||
| Krishak Samriddha Bachat Khata | – | 3% | ||
| Samajik Surakshya Bachat Khata | – | 3% | ||
| Social Security Relief Account | – | 3% | ||
| EPS Korea Bachat Khata | – | 3% | ||
| Online Bachat Khata | – | 3% | ||
| Samunnati Bachat Khata | – | 3% | ||
| Samunnati Plus Bachat Khata | 1,000 | 3% | ||
| Premium Sammunati Bachat Khata | 1,000 | 3% | ||
| Bidhyarthi Bachat Khata | – | 3% | ||
| Karmashil Bachat Khata | – | 3% | ||
| Little Star Savings Account | 500 | 3% | ||
| Nari Shakti Bachat Khata | – | 3% | ||
| Remit Savings Account | 100 | 3% | ||
| Senior Privileged Saving Account | – | 3% | ||
| Super Payroll Account | – | 3% | ||
| Swabalambi Nari Bachat Khata | – | 3% | ||
| New Premium Sammunati Bachat Khata | 1,000 | 3% | ||
| Chamatkarik Bachat Khata-Silver | 1,000 | 3% | ||
| Chamatkarik Bachat Khata-Gold | 25,000 | 3% | ||
| Chamatkarik Bachat Khata-Diamond | 100,000 | 3% | ||
| Chamatkarik Jestha Nagarik Bachat Khata-Silver | 1,000 | 3% | ||
| Chamatkarik Jestha Nagarik Bachat Khata-Gold | 25,000 | 3% | ||
| Chamatkarik Jestha Nagarik Bachat Khata-Diamond | 100,000 | 3% | ||
| Chamatkarik Nari Bachat Khata-Silver | 1,000 | 3% | ||
| Chamatkarik Nari Bachat Khata-Gold | 25,000 | 3% | ||
| Chamatkarik Nari Bachat Khata-Diamond | 100,000 | 3% | ||
| Chamatkarik Talab Bachat Khata | – | 3% | ||
| Chamatkarik Babu Nani Bachat Khata | – | 3% | ||
| Chamatkarik Bidhyarthi Bachat Khata | – | 3% | ||
| Chamatkarik Udhyamshil Bachat Khata | 500 | 3% | ||
| Chamatkarik Baideshik Rojgar Bachat Khata | 500 | 3% | ||
| Samriddha Nepal Sukhi Nepali Bachat Khata | 100 | 3% | ||
| Chamatkarik Swarojgar Bachat Khata | – | 3% | ||
| Babu Nani Bachat Khata | – | 3% | ||
| Baidesik Rojgar Bachat Khata | 500 | 3% | ||
| Chamatkarik Bachat Khata | 1,000 | 3% | ||
| Chamatkarik Online Bachat Khata | – | 3% | ||
| Udhyamshil Bachat Khata | 500 | 3% | ||
| Super Chamatkarik Bachat Khata-Silver | 1,000 | 3% | ||
| Super Chamatkarik Bachat Khata-Gold | 25,000 | 3% | ||
| Super Chamatkarik Bachat Khata-Diamond | 100,000 | 3% | ||
| Super Chamatkarik Jestha Nagarik Bachat Khata-Silver | 1,000 | 3% | ||
| Super Chamatkarik Jestha Nagarik Bachat Khata-Gold | 25,000 | 3% | ||
| Super Chamatkarik Jestha Nagarik Bachat Khata-Diamond | 100,000 | 3% | ||
| Super Chamatkarik Nari Bachat Khata-Silver | 1,000 | 3% | ||
| Super Chamatkarik Nari Bachat Khata-Gold | 25,000 | 3% | ||
| Super Chamatkarik Nari Bachat Khata-Diamond | 100,000 | 3% | ||
| Super Chamatkarik Talab Bachat Khata | – | 3% | ||
| Super Chamatkarik Babu Nani Bachat Khata | – | 3% | ||
| Super Chamatkarik Bidhyarthi Bachat Khata | – | 3% | ||
| Super Chamatkarik Swarojgar Bachat Khata | – | 3% | ||
| Super Chamatkarik Udhyamshil Bachat Khata | 500 | 3% | ||
| Super Chamatkarik Baideshik Rojgar Bachat Khata | 500 | 3% | ||
| New Super Chamatkarik Bachat Khata-Silver | 1,000 | 3% | ||
| New Super Chamatkarik Bachat Khata-Gold | 25,000 | 3% | ||
| New Super Chamatkarik Bachat Khata-Diamond | 50,000 | 3% | ||
| New Super Chamatkarik Nari Bachat Khata-Silver | 1,000 | 3% | ||
| New Super Chamatkarik Nari Bachat Khata-Gold | 25,000 | 3% | ||
| New Super Chamatkarik Nari Bachat Khata-Diamond | 50,000 | 3% | ||
| New Super Chamatkarik Jestha Nagarik Bachat Khata-Silver | 1,000 | 3% | ||
| New Super Chamatkarik Jestha Nagarik Bachat Khata-Gold | 25,000 | 3% | ||
| New Super Chamatkarik Jestha Nagarik Bachat Khata-Diamond | 50,000 | 3% | ||
| New Super Chamatkarik Talab Bachat Khata | – | 3% | ||
| New Super Chamatkarik Babu Nani Bachat Khata | – | 3% | ||
| New Super Chamatkarik Bidhyarthi Bachat Khata | – | 3% | ||
| New Super Chamatkarik Baideshik Rojgar Bachat Khata | 500 | 3% | ||
| New Super Chamatkarik Swarojgar Bachat Khata | – | 3% | ||
| New Super Chamatkarik Sahaj Bachat Khata | – | 3% | ||
| New Premium Super Chamatkarik Bachat Khata-Silver | 1,000 | 5% | ||
| New Premium Super Chamatkarik Bachat Khata-Gold | 25,000 | 5% | ||
| New Premium Super Chamatkarik Bachat Khata-Diamond | 50,000 | 5% | ||
| New Premium Super Chamatkarik Nari Bachat Khata-Silver | 1,000 | 5% | ||
| New Premium Super Chamatkarik Nari Bachat Khata-Gold | 25,000 | 5% | ||
| New Premium Super Chamatkarik Nari Bachat Khata-Diamond | 50,000 | 5% | ||
| New Premium Super Chamatkarik Jestha Nagarik Bachat Khata-Silver | 1,000 | 5% | ||
| New Premium Super Chamatkarik Jestha Nagarik Bachat Khata-Gold | 25,000 | 5% | ||
| New Premium Super Chamatkarik Jestha Nagarik Bachat Khata-Diamond | 50,000 | 5% | ||
| New Premium Super Chamatkarik Talab Bachat Khata-Prime | – | 5% | ||
| New Premium Super Chamatkarik Talab Bachat Khata-Normal | – | 5% | ||
| New Premium Super Chamatkarik Babu Nani Bachat Khata | – | 5% | ||
| New Premium Super Chamatkarik Bidhyarthi Bachat Khata | – | 5% | ||
| New Premium Super Chamatkarik Baideshik Rojgar Bachat Khata | 500 | 5% | ||
| New Premium Super Chamatkarik Swarojgar Bachat Khata | – | 5% | ||
| New Premium Super Chamatkarik Sahaj Bachat Khata | – | 5% | ||
| LCY Fixed Deposit (Upto 1 Year) | Minimum Balance (NPR) | Interest Rate (% p.a) | ||
| New Premium Super Chamatkarik Individual Fixed Deposit-Silver | 100,000 | 8.25% | ||
| New Premium Super Chamatkarik Individual Fixed Deposit-Gold | 1,000,000 | 8.25% | ||
| New Premium Super Chamatkarik Individual Fixed Deposit-Diamond | 2,500,000 | 8.25% | ||
| LCY Recurring Deposits- Individual | Minimum Balance (NPR) | Interest Rate (% p.a.) | ||
| New Super Chamatkarik Masik Nicchep Khata | 500 | 8.25% | ||
| New Premium Super Chamatkarik Masik Nichhep Khata-Normal | 500 | 8.25% | ||
| New Premium Super Chamatkarik Masik Nichhep Khata-Customized | – | 8.25% | ||
| LCY Fixed Deposit | Minimum Balance (NPR) | Interest Rate (% p.a.) | ||
| Institutional | Individual | |||
| Fresh | Renewal | |||
| 3 months to 10 years | – | 7% | 7.1% | 8.25% |
| LCY Deposits – Other | Minimum Balance (NPR) | Rate (% p.a.) | ||
| NIC ASIA Sikshya Kosh & Sikshya Kosh Plus Account | 100 | Up to 5% | ||
| Call Deposit | Negotiable (Subject to NRB Directive) | |||
| FCY Deposits | Minimum Balance | Rate (% p.a.) | ||
| Sulav Bachat Khata | USD 25 | 2.6% | ||
| USD Savings Account | USD 25 | 2.6% | ||
| USD Super Saving Account | USD 100 | 2.6% | ||
| USD Premium Savings Account | NIL | 2.6% | ||
| FCY Fixed Account | NIL | Negotiable | ||
| FCY Fixed Deposit for NRN (Minimum 2 Years) | Minimum Balance | Rate (% p.a.) | ||
| FCY Fixed Deposit Account (USD) | USD 10,000 or Equivalent | 5% | ||
| FCY Fixed Deposit Account (EURO) | 2.5% | |||
| FCY Fixed Deposit Account (GBP) | 3% | |||
| FCY Fixed Deposit Account (AUD) | 2.5% | |||
Note: Deposit
1. Interest Payment Frequency – Quarterly
2. In case of LCY Individual Fixed Deposit, additional Interest of 0.5% p.a. can be provided by branch manager.
3. Interest rate on Sweep In and Sweep Out facility for opening 3 months Term deposit shall be 8.25% p.a. and additional Interest of 0.5% p.a. can be provided by branch manager.
NIC Asia Interest Rate On Loans
| B. Lending Rates | ||
| Retail | Premium over Base Rate (% p.a.) * | |
| Auto Loan | Up to 5% | |
| Loan Against Mortgage Property | ||
| a. NIC ASIA Home Loan OD | Up to 5% | |
| b. NIC ASIA Home Equity Loan | Up to 5% | |
| c. NIC ASIA Residential Home Loan | Up to 5% | |
| d. NIC ASIA Easy Home Equity Loan | Up to 5% | |
| Gold Loan | Up to 5% | |
| Loan Against Share | Up to 5% | |
| Personal Loan | Up to 5% | |
| Education Loan | Up to 5% | |
| Foreign Employment Loan | Up to 5% | |
| Loyalty Financing Facility | Up to 5% | |
| Others | Premium over Base Rate (% p.a.)* | |
| Export Credit | Up to 5% | |
| Loan against Own Fixed Deposit Receipt | Up to 5% | |
| Loan against Other Bank’s Fixed Deposit Receipt | Up to 5% | |
| Loan against 1st class Bank guarantee | Up to 5% | |
| Loan against Government Securities (Max draw down 80%) | Up to 5% | |
| Equipment Financing | Up to 5% | |
| FCY Loan | As per NRB Directive | |
| SME | Premium over Base Rate (% p.a.)* | |
| Fast Track Business Loan | Up to 5% | |
| Priority Business Loan | Up to 5% | |
| Premium Business Loan | Up to 5% | |
| Employers Overdraft Loan | Up to 5% | |
| Commercial Agricultural and Livestock Loan | Up to 2% (Guided as per NRB Regulations) | |
| Corporate | Premium over Base Rate (% p.a.)* | |
| Import Credit /TR. Loan | Up to 5% | |
| Overdraft/Cash Credit/Working Capital Loans | Up to 5% | |
| Term Loan | Up to 5% | |
| Other Short Term Working Capital Loans | Up to 5% | |
| Deprived Sector Lending | Premium over Base Rate (% p.a.)* | |
| Deprived Sector Lending | Up to 5% | |
| Base Rate (Baishakh 2077) : 8.84% | ||
Note: Lending
* 1. The above mentioned rates are applicable only for non-overdue and/or pass category loans as per NRB directives.
In case of overdue loans and loans other than pass category as per NRB directives, 2% premium over and above aforementioned premium shall be applicable.
2. For Consortium Loans, interest rates shall be applicable as per consortium decision.
3. For Subsidy Based Deprived Sector lending interest rates shall be applicable as per NRB Directives.
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