NRN Saving Account is a privilege
account made to encourage the solicitation of international deposits. This
account provides additional premium 1% above the highest published rate in line
with NRB Directive. However, this account is made only for the solicitation of
deposit fund coming from abroad with valid remittance and banking channel. Any
Nepalese individual who resides abroad and their family members living in Nepal
can open this special savings account exclusively for the fund that comes from
abroad through a valid means.
Features
|
Product Name |
NRN Savings account |
|
Primary Target Market |
Any Nepalese citizen/ Non-Residential
Nepalese and their family members residing in Nepal |
|
Minimum Balance |
NPR 10,000/- |
|
Eligibility of Deposit |
Only the deposit coming from abroad through
International Remittance or through valid Banking channel. |
|
Interest rate |
As per Published rate by the Bank from time
to time |
|
KS iMobile
|
As per STC |
|
Debit Card |
As per STC |
|
Locker charges |
As per STC |
|
Locker Security Deposit |
As per STC |
|
Interest Calculation |
Interest Calculation on daily basis and
payable on quarterly basis |
Required Documents
Documents to be collected from Customers
·
Valid
passport with Visa (Mandatory: If the Depositor resides abroad)
·
NRN card/
Valid proof of foreign employment.
·
Income
verification Document
·
Relationship
certificate (in case of family members in Nepal)
· Declaration statement as per annexure E
Documents to be collected for Deposit Validation
·
Remittance
vouchers verifying the amount
·
Account
statement of the Bank if the amount is directly deposited in account.
