Saving Account:

A normal saving account wherein the interest is calculated on a monthly minimum balance and credited in the account semi annually. The stipulated minimum balance requirement may vary between branches.

A saving account wherein the interest is calculated on a daily balance and credited in the account semi annually.

A premium saving account wherein interest is calculated on daily balance and credited in the account semi annually. The accountholder is provided with a host of additional benefits, which includes accidental insurance, no restriction on the amount of withdrawals, concessional rates on issuance of demand drafts and locker facilities and prime rates on consumer lending.

Fixed Deposit:

Balance exceeding the agreed amount in the non-interest bearing current account is transferred to call account on a daily basis wherein interest is calculated on daily balances of the call account. Interest on this account can be pre-negotiated.

Two or more accounts can be automatically linked with each other through a “Sweep-In Sweep-Out” technology, which is first of its kind in Nepal. Excess of balance in certain account can automatically transferred/pulled back in a different accounts.

A normal non-interest bearing checking accounts where unlimited withdrawals are allowed. This account can be combined with a sweep facility where excess funds can be moved to / from interest bearing accounts, as mentioned above in Call Account facility.

A savings account targeted at the Gurkha servicemen and their family, wherein the interest is calculated on a daily balance. This is a hybrid savings account wherein the daily applicable interest rate on this account changes based on the account balance at the end of each day.

A savings account, currently available to Manipal Medical students and Kathmandu University students. Students from other educational institutions many be considered in the future. The interest on this account is calculated on a monthly minimum balance. These students need not maintain any stipulated minimum balance in their account. Free ATM cards shall be provided to these students for cash withdrawals.

Branded as ‘Money Tree’ USD account can be opened with just US Dollars 100.00 where the high value depositors can enjoy a tier based interest rate up to 4.25% on daily balance. The account holder can also avail wide range of benefits and discounts and various banking products.

Samrakshan is defined as: ;+/If0f -gf=_ /]vb]v jf x]/ljrf/ ug]{ sfd; /Iff jf jrfp ug]{ sfd; kfngkf]if0f . Supervision; protection; safeguard; guarding; defence; preservation. Laxmi Bank’s Junior Savings Account is specially designed to provide “Samrakshan” to your child’s future...read more>>

Overdraft:

Limit is provided to finance working capital. Interest will be charged as per the utilization of the loan.

Loan for maximum period of one year on a renewable / revolving basis is provided to finance working capital.

Instant finance is provided against supply of goods to multinationals and large local corporates. Invoices accepted by the corporates and their undertaking to route payments through us would qualify a supplier to avail this loan across the counter, without having to undergo rigorous credit screening process.

Term Loan:

This facility is targeted at Small and Medium Sized Enterprises (SME) to finance working capital or capital expenditures. SMEs can now supplement entrepreneur’s investments to start a small business or to achieve growth through this loan. The bank has a full-fledged SME cell to cater to the financing needs of these small business enterprises.

Loan is provided to finance the goods (for maximum period of 120 days) imported under our letter of credits.

Loan is provided against specific L/C, for specific time period in order to support stock build-ups and payment of creditors before export of the consignment(s).

Bid bonds, performance bonds or any other types of bank guarantee are issued at ctee:etitive rates and terms.

Loan is provided to finance vehicles for either personal or commercial use. Repayment shall be done on an equal monthly installment basis (EMI) or unequal monthly installment basis (UMI), depending on client’s requirement, which could last for a maximum period of seven years.

Loan is provided for the encashment of investments made in the residential property of the client. This loan is to be repaid in EMI or UMI basis, depending on client’s requirement, which could last for a maximum period of ten years.

A scheme designed for professionals and entrepreneurs to meet varied personal needs like education, travel, social engagements etc.

Note: Credit facilities are subject to due diligence and credit analysis.

Demand Drafts:

The bank at present has draft drawing arrangements with various banks in India and abroad. The bank currently provides drafts on ICICI Bank in India and Standard Chartered Bank, NY USA and American Express Bank, NY USA.

Lockers of various sizes are available at reasonable rates in few of the bank’s branches.

The bank’s international network of correspondent banks facilitates the execution of all outward/inward remittances and their fast receipt by their beneficiaries. Apart from demand drafts, SWIFT transfers, American Express travelers’ cheques and manager’s cheques, the bank has made special arrangements through a host of key international banks and money transfer agents, including Western Union Money Transfer.

Clearing / Collection:

The bank provides full range of foreign exchange services applicable in the Nepalese market. The bank has installed “Telerate”, formerly known as “Bridge”, to access up-to-date knowledge on foreign exchange markets and currency movements. This system also provides the bank with the latest information on commodity prices in the world market, which are useful for various businesses.

The bank provides its expertise advices in the management of the client’s financial affairs. The bank may also consider providing training to the client’s staff in the field of banking and finance.

Through this channel, clients will be able to view their account balance, transfer funds, stop cheque payments, send instructions etc. to the bank online, 24 hours a day, 7 days a week, thus empowering the client’s to manage their financial affairs on a click of the mouse in the highest degree of security and speed. Bill payment is an added feature whereby clients have the option of paying their bills of various service providers through the internet.

The bank has a dedicated NRN cell to cater to the needs of and requirement of the non-resident Nepalese (NRN) and has customized its product to suit their needs. NRN can open an account, transfer funds between accounts and constantly keep track of their funds through the online services of the bank.