Organization and individual who are involving in social service and helping in betterment of society have a need of perpetual deposit account which assist them in earning higher rate of return. Feeling this need of yours we have specially customized Shangri-La Endowment Fund Account to suit your need.

Benefits
aPerpetual deposit ( Amount cannot be withdrawn except in case of dissolution of the Fund itself)
bTo be entered into through the standard contract with the Fund Management Committee
cBase Rate: Rate existing on 2 years FD however it can be changed on mutual consultation with the organization
dSeparate call/saving account to be maintained to provide the interest quarterly
eAn amount of 0.5% of the fund to be contributed by the bank in that account every year on its average deposit as its corporate social responsibility if the Fund is for social cause
fNo Cheque book shall be issued in this account
gFree statement shall be provided on quarterly basis on demand

At maturity automatic renewal of Fixed Deposit is made as per the instruction of the customers.

Eligibility
aShould be approved organization from the Government of Nepal
bGroup of individuals would like to have Akshya Kosh for social cause
Minimum Balance