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.
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.