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132 mission the mission of nic asia bank ltd is to

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1.3.2 MissionThe mission of NIC ASIA bank ltd is to customize the ranges of products catering to theentire gamut of society from financing megaprojects to underprivileged individual andpromoting enterprises across all segments of society by adding values to nation buildingendeavours. It move forward with the mission to be a 1st choice provider of completefinancial solution.1.3.3Objectives of NIC ASIA Bank Ltd:The main objective is to accumulate the widely scattered deposits of shareholdersand provide them modern and innovative banking services plus a good return ontheir savings.
To enhance trust and relationship with the customers by incorporating high degree ofprofessionalism.Provide competitive and customer oriented banking serviced to all customersthrough competent and professional staf1.4Product and ServicesNIC ASIA Bank generates significant revenues through credit creation and the funds fromdeposits are used for credit creation. As such, the major products ofNIC ASIA bank are:DepositsLoans and AdvancesAlong with these products, other services that significantly contribute for Nabil's revenuegeneration and customer retention include:RemittanceLockerCredit cardInternet BankingVisa Debit CardMobile bankingBancassurance1.4.1 DepositsDeposits are the major sources of fund in NIC ASIA Bank ltd. Deposit is the amount placedby individuals and corporate groups in the bank for safekeeping and is subject to withdrawalon the demand of the depositor or at the time of maturity of stated period. Deposits are themajor liability for any banks and in case of liquidation; deposits are settled first and foremost.Deposits are facilitated through variety of accounts and they are:a)Fixed AccountA fixed account requires the depositor to deposit a fixed sum of money for a fixed periodof time. The interest rate on fixed account is 9.75 %. The Fixed deposit amountcannotbe withdraw before the maturity .Fixed account can be opened by individuals, minors,clubs, societies, associations and trusts. Proper documentation such as pp size photo,citizenship card, utility bill etc. are necessary for the procedure of generating fixedaccount.
b)Saving AccountA saving account is an interest bearing account. In NIC ASIA Bank, interest is calculatedon three month basis and credited to the account on quarterly basis. The minimumbalance for saving account depends on the nature of saving account. Such balance issubject to any incidental charges that the bank specifies during the period. The types ofsaving account in NIC Asia bank are:General savingNari bachatShare khataJestha bachatBachat yojanaStudent savingBal bachatLok bachatcorporate staff savingc)Current AccountA current account is non-interest bearing account. Only the corporate bodies can open acurrent account. It is especially designed for corporate bodies that are indulged infrequent transactions. Nabil bank provides the current accountholder with cheque book.

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Term
Fall
Professor
NoProfessor
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NABIL bank

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