Foreign Employment Saving Account is a product especially designed for Nepalese citizens working abroad with an objective of foreign employment and have been granted work permit from Government of Nepal. Foreign Employment Saving Account is also designed in line with the 6th Amendment in Dhitopatra Niskasan Tatha Baadfaad Directives, 2079 issued by Securities Board of Nepal, which states that all public organizations should reserve 10% of its total Initial Public Offering (IPO) to Nepalese citizens working abroad.
Features
| Minimum Balance | NPR. 1,000/- |
| Eligibility of Deposit | Direct transfer of remittance to account or deposit from valid remittance channel |
| Interest rate | As per Published interest rate of Bank |
| KS iMobile | As per STC |
| Debit Card | As per STC |
| Locker Security | As per STC |
| Deposit Locker | As per STC |
| Surrender Charge | As per STC |
| Account Statement | As per STC |
| Demat/ MeroShare | Free for first year |
| Interest Calculation | Interest Calculation on daily basis and payable on quarterly basis |
| Eligibility | Nepalese citizen working abroad with work permit obtained from Gov. of Nepal except minors can open this account. |
Discount quoted for first year means first year of service taken not first year of account opening.
Required Documents
Additional documents to be collected from Customers
- Valid passport with Visa
- Work Permit obtained Ministry of Labor, Employment and Social Security or concerned authority.
