Excel Development Bank Limited
Licensed by Nepal Rastra Bank under Banking and Financial Regulation Act 2061 BS, Excel Development Bank Limited is promoted by a group of experienced and highly motivated individual from all walks of life such as professional bankers, entrepreneurs, educationalists and technocrats. With its central office located in Birtamode in Jhapa district, the bank currently works around Ilam, Jhapa and Morang area. Committed to deliver its services to the customers through easy banking procedures, the bank serves the need of customers by providing simple yet modern banking facilities. The bank also respects and practices transparency in its approach and workings.
The bank established with the vision of becoming the bank of common Nepalese people and contributing to the national economic development gives true value of the depositor’s money by providing a competitive interest rate. It, moreover, encourages the entrepreneurs to increase their capacity in productive sectors. The bank was established with the aim of becoming engine of development with its reliable and trustworthy banking services and strives to achieve excellence in the banking sector through its customer friendly approach.
Collection and mobilization of monetary resources and providing high returns are the major objectives of the bank. Excel Development Bank Limited has other objectives such as to provide loan on agriculture, service sectors, industry, trade and other potential productive sectors, to provide loan on education, foreign employment and consumer products, to provide loan on small scale hydro projects and environment related projects, to assist small scale entrepreneurs and farmers including people who need financial support, to be a leader in providing loans for cash crops and agriculture based business in the rural area, to mobilize the collected money within its region, to include the local people as a partner of the bank and to provide maximum return to the stakeholders.
To meet its objectives, the bank has offered various services such as Normal Saving, Women Saving and Student Saving and other Special Corporate Deposit Schemes under its saving account schemes, Fixed Deposits, Current Accounts, Loan Accounts provided for different development sectors such as agricultural, industrial, service sectors as well as for foreign employment, consumer loan, home loan and for hire purchase. Besides these, other services provided by the banks are Non-funded Services, Counseling and Advisory, Purchase and sells of Indian Currency and Remittance (Inward/Outward). The bank with its main branch (office) at Birtamode has ten branch offices and two extension counters at various parts of the region.
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