NIC ASIA Bank launches Double Deposit FD product targeting long-term depositors; to benefit depositors by doubling deposit amount within 7 years and 7 months

NIC ASIA Bank has launched Double Deposit FD product targeting the individual and institutional depositors who are looking for a good return in their long-term investment.

As per the offered scheme, individual depositors will have their deposit amount doubled in 7 years and 7 months while institutional depositors will have it doubled in 8 years and 8 months. The minimum deposit requirement for this FD scheme is Rs 10K and the depositors will have the exact double amount after the scheme expires without any further deductions, as per the media statement.

The bank currently provides its services to its 22 lakh plus strong customer base from its 327 branches, 470 ATM terminals, 102 extension counters and 73 branchless banking units throughout the nation.