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Accrued Interest Pay on closing
Interest Calculation: Monthly Minimum Balance
Interest Capitalization: Quarterly
Maintain Balance: 500 NRs.

A savings account is a deposit account held at a retail bank that pays interest but cannot be used directly as money in the narrow sense of a medium of exchange (for example, by writing a cheque).

A loan is a debt provided by an organization or individual to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed,

A term deposit is a fixed-term deposit held at a financial institution. They are generally short-term deposits with maturities ranging anywhere from a month to a few years.