Infrastructure Development Bank Limited
Update: The bank merged into NCC Bank Limited in 2017.
Promoted by visionary bankers, engineers, businessmen and other reputed personalities, Infrastructure Development Bank Limited is licensed as a “B” category Financial Institution by Nepal Rastra Bank under the Banks and Financial Institution Act. Established as a regional level development bank in 2004 AD, the bank has became a national level development bank after it merged with Swastik Merchant Finance Company Limited in 2012. Giving priorities to efficiency and standards, Infrastructure Development Bank Limited has the reputation of providing quality service delivery.
The bank established with the Authorized Capital of Rs 5 billion, Issued Capital of Rs 2 billion and Paid Up Capital of Rs 827 million has the major objectives as offering their clients excellent service, innovative products and value-added banking while developing with them a mutually beneficial association, demonstrating vision, professionalism, transparency and integrity in the conduct of their business and service, achieving disciplined growth and reasonable profitability while operating on a sound financial base, creating value for their shareholders, encouraging, motivating ad developing their human resources their most valuable asset and the cornerstone of the bank, working towards the successful implementation of government objectives applicable to us and striving towards and maintaining a pre-eminent position in the banking community in the nation.
The products offered by the bank under its deposit schemes are Fixed Deposits, ID Shareholder Account, ID Senior Citizen Saving Account, ID Mahila Bachat Khata, ID Balbalika Bachat Khata, ID Youth Saving Account, ID Super Saving Account, Mero ID Saving, Infra Saving Account, ID Saving Account, ID Normal Saving and ID Recurring Saving Account and under its loan and advance schemes, it offers Interest On Deprived Sector Loan (Wholesale/Retail), Interest On Various Loans, Loan Against FDR and Gold Loan. Besides these, the bank also provides services such as Bank Guarantee, Foreign Currency Transaction, Remittance, Evening Counter Services, Holiday Counter Services and Locker Services, ATM and Debit cards, SMS Banking and free Any Branch Banking Service (ABBS). The bank provides its services and products to its customers and clients through its eighteen branch offices located at the different parts of the valley as well as the country.
The bank merged into NCC Bank (i.e. Nepal Credit and Commerce Bank Limited) in 2017.