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.
