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    AlphaGrow Saving Account is designed for our next generation children to cultivate the habit of saving early in their life. Whether it's their first allowance or birthday money from friends and families, this account turns small deposits into big saving. With this account offering easy digital access, goal based saving tools and parental oversight, children can learn to manage money in a way that’s safe and future-ready.



    Features

    Ø  Piggy Bank shall be provided to each accountholder.

    Ø  Life Insurance of NPR 50,000 for 15 years (Conditions Apply)


    General Features:

    Minimum Balance

    NPR 5,000

    Interest rate

    As per published interest rate of Bank

    KS iMobile

    Free (Alert and Enquiry Only)

    Interest Calculation

    Interest Calculation on daily basis and payable on quarterly basis

    Eligibility

    Children/Minors under 18 years of age can open this account.

    Account Operation

    Dr. Restriction until the customer completes 18 years of age

     

    Terms and Condition:

    Ø  Life insurance facility will be provided to accountholder when 1 lakh amount is collected in customer account.

    Ø  Premium of life insurance policy will be paid by the Bank until the policy period i.e. maximum of 15 years or when accountholder completes 18 years of age.

    Required Documents