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    Bal Bachat Saving account is the product designed for the children/ minor below 18 years of age. This product is designed intending parents to save for the future of their children. Children/Minor below 18 years can only open this account, which can be operated by the guardian. When minor turns adult and attains the age of 18 years, Account is automatically Dr. restricted, the account is to be operated by account holder and the documents is to be obtained as per the adult.



    Features

    Product Name

    Bal Bachat Khata (Child Saving Account)

    Minimum Balance

    NPR 100 /-

    Interest rate

    As per Published rate by the Bank from time to time

    KS iMobile 

    As per STC

    Debit Card

    As per STC

    Locker Fee

    As per STC

    Locker Security Deposit

    As per STC

    Demat

    As per STC

    MeroShare

    As per STC

    Interest Calculation

    Interest Calculation on daily basis and payable on quarterly basis

    Standing Instruction

    Free from parent’s account to child account for regular transfer of money


    Required Documents

    Note: Children, Minors below 18 years can only open this account which can be operated by the guardian. When minor turns adult and attains the age of 18 years, the account is to be operated by account holder and the documents is to be obtained as per the adult.

    Required Documents

    ·         Birth Registration Certificate should be submitted to open this account.

    ·         Citizenship of parents/guardian along with KYC to be provided.