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Sunday, January 3, 2010

Sanima's association account scheme

Sanima Bikas Bank Limited has introduced a new concept of providing introducer with the share of the interest in an account that they help open. The recently launched Association Account targets associations running through donations or those that in the need of fund.

Under this scheme, an association or club with an account in the Sanima Bikas Bank, when introduces any other people to open an account in the bank, earns 0.5% of the total interest earned by those people.

"The people introduced by the association get their share of interest and the introducer also gets the 0.5% of the interest which probably is provided by Sanima Bank alone throughout the country," Madhu Sudan Rimal, assistant relationship officer at the bank, said. He also claimed the new scheme is doing pretty well in the market as there are many such clubs and organization that are in the need of fund to operate.
Source:Republica

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