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    NIC Account Benefits

    Uploaded by

    Ankit Uprety
    This document outlines the benefits of opening an account with NIC ASIA Bank under their Goodwill Ambassador program. Key benefits include: 1) No minimum balance requirement and an interest rate of 7.05% 2) Insurance benefits including accidental and critical illness coverage of Rs. 40 lakhs each and medical insurance of Rs. 4 lakh 3) Wealth maximization services like free DEMAT account and MERO share charges for 5 years and 50% discount on portfolio management fees. 4) Pre-approved loan limit of 10 times the average monthly balance with a 1% premium on amounts above the limit. 5) Digital banking services like free debit card, mobile banking

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    NIC Account Benefits

    Uploaded by

    Ankit Uprety
    49 views4 pages
    This document outlines the benefits of opening an account with NIC ASIA Bank under their Goodwill Ambassador program. Key benefits include: 1) No minimum balance requirement and an interest rate of 7.05% 2) Insurance benefits including accidental and critical illness coverage of Rs. 40 lakhs each and medical insurance of Rs. 4 lakh 3) Wealth maximization services like free DEMAT account and MERO share charges for 5 years and 50% discount on portfolio management fees. 4) Pre-approved loan limit of 10 times the average monthly balance with a 1% premium on amounts above the limit. 5) Digital banking services like free debit card, mobile banking

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    NIC account Benefits

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    This document outlines the benefits of opening an account with NIC ASIA Bank under their Goodwill Ambassador program. Key benefits include: 1) No minimum balance requirement and an interest rate of 7.05% 2) Insurance benefits including accidental and critical illness coverage of Rs. 40 lakhs each and medical insurance of Rs. 4 lakh 3) Wealth maximization services like free DEMAT account and MERO share charges for 5 years and 50% discount on portfolio management fees. 4) Pre-approved loan limit of 10 times the average monthly balance with a 1% premium on amounts above the limit. 5) Digital banking services like free debit card, mobile banking

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    49 views4 pages

    NIC Account Benefits

    Uploaded by

    Ankit Uprety
    This document outlines the benefits of opening an account with NIC ASIA Bank under their Goodwill Ambassador program. Key benefits include: 1) No minimum balance requirement and an interest rate of 7.05% 2) Insurance benefits including accidental and critical illness coverage of Rs. 40 lakhs each and medical insurance of Rs. 4 lakh 3) Wealth maximization services like free DEMAT account and MERO share charges for 5 years and 50% discount on portfolio management fees. 4) Pre-approved loan limit of 10 times the average monthly balance with a 1% premium on amounts above the limit. 5) Digital banking services like free debit card, mobile banking

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 4

    1.

    Interest Rate and Minimum Balance

    The NIC ASIA


    Particulars Goodwill
    Ambassador
    Minimum Balance (In
    NIL NIL NIL
    Rs.)
    Interest Rate 7.05%

    2. Required Number of Employees


    The NIC ASIA
    Particulars Goodwill
    Ambassador
    Number of 50 and above
    Employees

    3. Insurance Benefits
    The NIC ASIA
    Particulars Goodwill
    Ambassador
    Accidental
    Rs. 40 lakhs
    Insurance
    Critical
    Rs. 40 lakhs
    Illness

    Rs. 4 Lakh (OPD up


    to Rs. 80,000 and
    Medical
    Hospitalization
    Insurance
    treatment up to Rs.
    320,000)

    Tenure of
    Insurance 5 Years
    Facility

    Page 1 of 5
    Account holder and
    Insurance Additional three
    Coverage persons as
    for designated by
    account holder

    Note: The insurance benefit for 5 years shall be subject to regulatory provision circulated
    by Insurance regulatory board of Nepal on time to time basis.

    4. Wealth Maximization
    The NIC ASIA
    Particulars Goodwill
    Ambassador
    Free For Five
    DEMAT Account
    Year
    Free For Five
    MERO Share Charge
    Year
    Portfolio 50% Discount
    Management Service
    for Five Year
    Fee
    Available (In
    Flexi Fixed Facility excess of Rs.
    200K)
    Flexi Fixed Interest
    10.05%
    Rate (%)
    Difference
    Prematurity Charge between FD &
    (%) saving interest
    rate

    5. Loan Related Benefits


    The NIC ASIA
    Particulars Goodwill
    Ambassador

    Pre-approved Loan 10
    Limit (Times of 3
    Months Average
    balance)
    Premium Over Base 1
    Rate on above loan
    limit (%)
    Loan Processing Fee
    0.25
    (%)

    Page 2 of 5
    6. Digital and Transaction Banking
    The NIC ASIA
    Particulars Goodwill
    Ambassador
    Free for Five
    Debit Card
    Years
    Free for Five
    Mobile Banking
    Years
    Free for Five
    Internet Banking
    Years
    Credit Card Limit (In Up to 500,000
    Rs)
    Credit Card Joining
    Free
    and Issuance Fee
    Credit Card Annual Fee Free for Five
    years
    Free for five
    Prepaid Dollar Card
    years
    E-Commerce Fully Free for
    Activation five years
    Free Cheque Free for Five
    Processing (Per
    Years
    Month)
    Free RTGS (Per Fully Free for
    Month) five years
    Free IPS/CIPS (Per Fully Free for
    Month) five years
    100% Locker
    Locker Rentals Fee free for
    five years
    Locker Margin 100% Waiver
    FCY Exchange
    rebate/premium
    (limited to USD, GBP, 25 paisa
    EUR, CAD and AUD
    only)
    ATM Cash Free for five
    Withdrawal
    years
    (Domestic Bank)
    ATM Balance Inquiry Free for five
    (Domestic Bank) years

    Page 3 of 5
    7. Privilege Banking
    The NIC ASIA
    Particulars Goodwill
    Ambassador
    Guaranteed Service 50% of
    Delivery (In Mins) Standard
    Compensation for 10
    waiting time beyond
    TAT(In Rs. per
    instance)
    Dedicated Available
    Relationship
    Management

    Further, the banking offerings outlined in this proposal are developed after a thorough assessment of your
    need, thus we are confident that it will be of great value to your organization and based on the number of
    employees in your institution, please let us know under which payroll variant that your institution shall be
    eligible. We would like to receive your feedback on this proposal and would be happy to engage on a
    long term banking partnership.

    I am thankful for your time and attention.

    Sincerely,

    …………………………
    Nirvik Sapkota
    BM – New Road Bishal Bazzar

    Page 4 of 5

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