KS
Insta Savings Account is an interest
bearing online saving account that could be opened and operated by customer
without having to visit the branch.
This account facilitates the transaction of Rs 100,000 /- to the customer on an
annual basis. Under this scheme, account opening is underdone in a
simplified process. A simplified KYC form shall be filled up by the customer by
visiting the website of the Bank. After the Simplified KYC is filled with valid
documentation, an account number is generated and provided to the customer via
Email and SMS. The customer can self-register and operate the account through
KS iMobile.
Features
|
Product Name |
KS Insta Saving Account |
|
Primary Target Market |
Any Nepalese citizens above 18 years who currently do not have any bank account and can apply for online account
opening |
|
Minimum balance |
ZERO |
|
Interest Rate |
As per the published rate of the bank from
time to time. |
|
KS iMobile |
As per STC |
|
Locker Fee |
As per STC
|
|
Locker Security Deposit |
As per STC |
|
Interest Calculation |
Interest Calculation on daily basis and
payable on quarterly basis |
|
Documents required |
1.
Citizenship / Passport/ Voters ID |
|
2. Passport size photograph. |
Required Documents
- Copy of identity of the customers (Citizenship or Passport or Voter ID) to be uploaded while applying for the account opening.
Transaction Limit
As per the regulatory provision, this account shall failitate the transaction of up to RS 100,000/- within a period of 1 year. After the transaction limit reaches above Rs 100,000/- the account shall be debit restricted which disables the withdraw from the account.
Convertibility
The customer can convert the account to any account of his/her choice by visiting the nearest branches of the Bank. For the conversion the existing KS Insta Saving Account shall be closed and the next account under another scheme shall be opened.
