February 28: Nepal Investment Bank Limited (NIBL) has launched a new product, ‘Recurring Fixed Deposit Account’ on its 33rd anniversary on February 26.

NIBL customers holding any type of savings account can open a recurring fixed deposit account for a minimum deposit of Rs 333 for 33 months and receive 9.25% interest on their deposit.

According to the bank, this product focuses on securing the customers’ future with a fixed deposit account by saving as little as 333 a month.

At the onset of this milestone, the bank has also offered exclusive offer of 33 percent cash back to their Visa Domestic Card holders while buying any items or service from their Point of Sale (POS) terminals installed all across the country.

“The offer is valid up to 33 days. NIBL Visa Domestic Card holders can benefit from this cash back offer,” the bank said in a statement.

The bank has stated that such offers will encourage less cash economy environment promoting secure and convenient digital payment in the country.

The bank also organised a blood donation campaign at its head office in Durbar Marg to mark its anniversary.

Similarly, in order to promote financial literacy amongst children, NIBL has also officially launched a comic book named ‘Bank sanga ko nata, mero aafnai bachat khata’.

As NIBL completes 33 years this spring, its paid up capital has reached Rs 12.58 billion. Nepal Investment Bank has completed 33 years of operation.

NIBL currently has 78 branches, eight extension counters, nine tax collection counter, 49 branchless banking service, 110 ATMs and 3,665 POS terminals for their valued customers.