rahul Posted March 16, 2016 Share Posted March 16, 2016 (edited) I am very happy to announce that CHOLA NADU BANK (CNB) is launched, and it will help the members of P&W in achieving great heights! CNB has served millions of people in Chola Nadu nation and is now determined in help all the Nation. CNB will have 4 types of schemes implemented: 1) Savings 2) Loan 3) Resource Transfer and Savings 4) Insurance 1) Savings You can save any amount of money in the bank and get interests as stated below: ID= SSA Number of days: 10 Interest: 5.0% (per week) ID= SSB Number of days: 30 Interest: 5.5% (per week) 2) Loan You can get money from the bank with very low interest rates: ID= LSA Number of days: 10 Interest: 7.0% (per week) Amount up to: 9.5 million ID= LSB Number of days: 15 Interest: 7.5% (per week) Amount above: 9.5 million 3) Resource Transfer and Savings You can save your resources at our bank and get it when ever you need it, it will act like a safety vault where you can save any amount or resources. ID = SMR Period: any number of days Rate: 0.1% per week ( calculated when resource is deposited) ID = TMR (Implementation from April only) HERE YOU CAN SELL YOUR RESOURCES FOR BEST PRICE AND ALSO GET RESOURCES FOR AVAILABLE LOW PRICE. All resource can be bough here and sold here using Tokens called (That terrible game that is totally irrelevant and I shouldn't be bringing it up anyways) tokens. 1 (That terrible game that is totally irrelevant and I shouldn't be bringing it up anyways) tokens = $ 2 ( In game money). 4) Insurance We provide war insurance for all nations, you have to pay some amount of money weekly and if you lose a war, you can avail the money. ID = IMNA Insurance amount: 5 Million Initial amount: 3.0 million Weekly amount that should be paid: 0.2 million (till maturation,5 weeks) Weekly amount after(After maturation) : 0.1 million ID = IMNB Insurance amount: 3 Million Initial amount: 1.0 million Weekly amount that should be paid: 0.2 million (till maturation,5 weeks) Weekly amount after(After maturation) : 0.1 million ID = IMNC Insurance amount: 10 Million Initial amount: 6.0 million Weekly amount that should be paid: 0.3 million (till maturation,6 weeks) Weekly amount after(After maturation) : 0.15 million For all these Insurance schemes , if you lose in the war you declared, only half of the money will be given. CLICK HERE TO CLAIM INSURANCE All the Interests must be paid by Saturday every week, failing may lead to red mark in bank history All the Interests will be credited on Sunday The bank will start functioning from delivery of this message. Edited March 17, 2016 by rahul Quote Link to comment Share on other sites More sharing options...
seabasstion Posted March 16, 2016 Share Posted March 16, 2016 What is the Max lsb you're willing to loan? Quote Link to comment Share on other sites More sharing options...
jaguar Posted March 16, 2016 Share Posted March 16, 2016 I miss Ashland Quote Link to comment Share on other sites More sharing options...
Prezyan Posted March 16, 2016 Share Posted March 16, 2016 The Stratton Oakmont rates for savings are better, to be honest. The rest looks dandy though! 1 Quote Psweet> pro-tip: don't listen to baronus if Prezyan disagrees with him 5:48 AM — +Eva-Beatrice sq**rts all over the walls Eva-Beatrice> I'd let Sintiya conquer me anyday x) 10:56 PM — +Eva-Beatrice m*st*rb*tes in front of Prezyan 12:13 AM — +Eva-Beatrice has no one to !@#$ Link to comment Share on other sites More sharing options...
Psweet Posted March 16, 2016 Share Posted March 16, 2016 A bit of constructive advice - Raise the rate you charge on people who take loans, and do your best to find a way to make larger loans. A large nation doesn't need 9.5 million, a large nation needs upwards of 50. The sooner you can find a way to serve them, the better off your bank will be. You're not going to get anywhere quickly by making a net 0.5% profit on the money you move. Stratton Oakmont moves over $1 billion a month. Last month its profit was only $80 million, and its margin on loans (the difference between your savings rate and the loan rates) was closer to 5 or 6 percent. With the rates that you have here, SO would have made only around $5 million after moving a billion dollars. 2 Quote Link to comment Share on other sites More sharing options...
rahul Posted March 17, 2016 Author Share Posted March 17, 2016 (edited) Loan rates will be increased in the days coming.........loan and savings interest is increased by 5 %. and 4% respectively. Edited March 17, 2016 by rahul Quote Link to comment Share on other sites More sharing options...
rahul Posted March 17, 2016 Author Share Posted March 17, 2016 A bit of constructive advice - Raise the rate you charge on people who take loans, and do your best to find a way to make larger loans. A large nation doesn't need 9.5 million, a large nation needs upwards of 50. The sooner you can find a way to serve them, the better off your bank will be. You're not going to get anywhere quickly by making a net 0.5% profit on the money you move. Stratton Oakmont moves over $1 billion a month. Last month its profit was only $80 million, and its margin on loans (the difference between your savings rate and the loan rates) was closer to 5 or 6 percent. With the rates that you have here, SO would have made only around $5 million after moving a billion dollars. IN LSB i offer max loans.....which is unlimited... Quote Link to comment Share on other sites More sharing options...
ranman1990 Posted March 17, 2016 Share Posted March 17, 2016 What do I need to do to start a savings account. Quote Link to comment Share on other sites More sharing options...
rahul Posted March 17, 2016 Author Share Posted March 17, 2016 What do I need to do to start a savings account. Hope you are happy with our service... Quote Link to comment Share on other sites More sharing options...
Spooner Posted March 18, 2016 Share Posted March 18, 2016 A bit of constructive advice - Raise the rate you charge on people who take loans, and do your best to find a way to make larger loans. A large nation doesn't need 9.5 million, a large nation needs upwards of 50. The sooner you can find a way to serve them, the better off your bank will be. You're not going to get anywhere quickly by making a net 0.5% profit on the money you move. Stratton Oakmont moves over $1 billion a month. Last month its profit was only $80 million, and its margin on loans (the difference between your savings rate and the loan rates) was closer to 5 or 6 percent. With the rates that you have here, SO would have made only around $5 million after moving a billion dollars. What is stratton oakmont? Quote ☾☆ High Priest of Dio Link to comment Share on other sites More sharing options...
Psweet Posted March 19, 2016 Share Posted March 19, 2016 What is stratton oakmont? Glad you asked! Stratton Oakmont is a for-profit private bank run by yours truly. We provide loans to nations and alliances as well as sell bonds to those looking to store some money safely for a set time period while earning some interest. While there are currently no bonds up for sale, we are always taking loan requests, if you're interested. It would be best to message me in-game if so, as I don't get on the forums much. Quote Link to comment Share on other sites More sharing options...
Nie Li Posted March 20, 2016 Share Posted March 20, 2016 Can i get a military insurance that covers 100% of my tanks and airforce when I am at war or Raiding. Quote Protector of Low tier nations, from Empire of Spades. Link to comment Share on other sites More sharing options...
rahul Posted March 20, 2016 Author Share Posted March 20, 2016 Can i get a military insurance that covers 100% of my tanks and airforce when I am at war or Raiding. Currently I offer only whole insurance and not particularly for tanks or air force.. so you Quote Link to comment Share on other sites More sharing options...
fistofdoom Posted March 24, 2016 Share Posted March 24, 2016 Currently I offer only whole insurance and not particularly for tanks or air force.. so you dont insure raiders against their losses, especially when they bring those losses about on their own 1 Quote 01:05:55 <%fistofdoom> im out of wine 01:06:03 <%fistofdoom> i winsih i had port 01:06:39 <@JoshF{BoC}> fistofdoom: is the snowman drunk with you 01:07:32 <%fistofdoom> i knet i forgot somehnt Link to comment Share on other sites More sharing options...
rahul Posted March 25, 2016 Author Share Posted March 25, 2016 dont insure raiders against their losses, especially when they bring those losses about on their own okay,,, Quote Link to comment Share on other sites More sharing options...
Abu Haddad Posted April 2, 2016 Share Posted April 2, 2016 can i get an interest free savings account. Quote Caliph of The Caliphate of Arabia. Caliph of the Islamic State of Arabia. Principle of The Principality of Chechnya. Grand Emir of The Emirate of The Caucus. Emperor of the Empire of Persia. Sultan of The Sultanates of Turkey and The Crimea. Czar of the Tsardom of The Balkans. Archon of The Archonate of Greece. Supreme Consul of The Consulate of Italy. Shah of The Shahdom Of Khorason Link to comment Share on other sites More sharing options...
rahul Posted April 4, 2016 Author Share Posted April 4, 2016 can i get an interest free savings account. Yes you can, just use ID SSA or SSB and in the form please mention if you don't want interest..... Quote Link to comment Share on other sites More sharing options...
ranman1990 Posted April 10, 2016 Share Posted April 10, 2016 Easy, well done, timely, and friendly. Definitely suggest this 1 Quote Link to comment Share on other sites More sharing options...
rahul Posted April 10, 2016 Author Share Posted April 10, 2016 Easy, well done, timely, and friendly. Definitely suggest this Thanks... Quote Link to comment Share on other sites More sharing options...
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