The Laxmi Bank has launched a new deposit-generating drive by offering what it calls a Super Savings Account. Interest under the scheme is calculated on the basis of the daily balance, and account holders maintaining a minimum balance under the scheme get "privileged" banking services, including lower bank fees, accidental insurance coverage, and assistance for all banking transactions. The month-old Laxmi Bank, headquartered in Birganj, is the country's 16th commercial bank. It says its focus will largely be on trade and retail banking.