Saving in farms, which include farm funds, endowments, and save for their farming business.
Last Updated Date: May 17, 2022
NIC Asia bank has established a history in the banking sector by establishing itself on 30 June 2013 as the first type of merger bank between the two commercial banks, NIC Bank and Bank of Asia. Since its inception, it has been operating successfully and has today become one of the largest private sector commercial banks in the country in terms of the capital base, balance sheet size, ATM Locations and the number of the branches. The Bank has 327 branches in Nepal, 102 extension counters, 64 branchless banks and 469 ATMs. The main focus of this bank is meritocracy, transparency, professionalism, team spirit and service excellency. The main vision of this bank is to be one of the most respectable and honorable banks in terms of financial performance. The mission of this bank is to become a leading bank in Nepal by providing complete financial solutions to its customers.
Nepal is an agricultural country and in 2017 agriculture contributed around 27% to its GDP. More focus on agriculture is being done by the government. To attract people involved in agriculture towards the banking channel, this account is designed. Any individual who is involved in agriculture and open this account. An farmer saving is an agricultural business operation that is purchased and operated with the intention of making a profit, or with the goal of creating a tax deduction for the owner. Agribusiness is the business sector encompassing farming and farming-related commercial activities. Investment farms are owned by investors who typically do not live on the farm or take part in any day-to-day operations. The investor will generally hire farmhands and other employees to do the actual farming.
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