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Contact Information
NSM Finance Limited
Head Office - Putalisadak:
Share Markets Commercial Complex
Ramshahpath, KTM
Tel: 01-4252332, 4267597, 4267606
Fax No.: 4248845
P.O.Box No.: 9909
Email: nsm@nsm.com.np
FAQ
| 1. What is the minimum balance required to be maintained for a Savings Account? Account can be opened in zero balance but minimum balance from interest is 1000 NRS. | |
| 2. At what frequency will the interest be paid to me? Interest earned on your Savings Account balance shall be credited to your account on a quarterly basis in the month end of Ashwin, Poush, Chaitra and Asad. | |
| 3. Do I need an introduction from an existing account holder? NSM needs no introduction from an existing accountholder if you are submitting proof of identity and address documents, as prescribed. However if you do not posses any of the address proof document then an introduction from an existing accountholder, having satisfactory relationship, is required. | |
| 4. Whom can I include as Joint Applicants? Anyone can be included as a joint applicant for a Savings Account except a minor (less than 18 years of age). | |
| 5. How can I change the nominee(s) for my Savings Account? You can change the nominee(s) by making a declaration to that effect, in the appropriate form, which is available at any of the branches. | |
| 6. What are the different channels through which I can access my Savings Account? You can access your Savings Account through: ? NSM Branches (Free ABBS Facility) ? E-Banking Facility www.nsm.com.np (will be available soon) ? NSM ATM Card ? SMS Banking (will be available soon) | |
| 7. What is the range of tenure for which I can open a FD account? You can deposit money for short period as 3 months and up to 5 years | |
| 8. At what frequency will I receive interest on my FD? Interest earned on your Fixed Account balance shall be credited to your account on a quarterly basis i.e After 90 days from opening of FD Account | |
| 9. Is TDS applicable on Deposits? Tax is deducted at source, from the interest on Deposits, as applicable, as per the Income Tax Act, (Individual: 5% and Corporate: 15%). | |
| 10. Can I redeem my FD before the original term? Yes, FD can be closed before the original term of the FD. In the event of the Fixed Deposit being closed before completing the original term of the deposit, interest will be paid at the rate applicable on the date of deposit, for the period for which the deposit has remained with NSM. In case of premature withdrawal the deposit may be subject to penal rate of interest as prescribed by NSM on the date of deposit | |
| 11. Can I obtain a loan from NSM on the security of my FD? Yes, Loan facility is available up -to 90% of principal. You can just walk into any of our branches. | |
| 12. other benefits do I get by opening savings account with NSM? NSM offers following additional benefits to its valued customers: ? Free Issuance of NSM Debit Card. ? Free ABBS Facility | |
