Remittance Saving Account has been specially designed to serve the remittance beneficiaries living in Nepal as well as out of Nepal by offering a convenient and affordable way to receive and save remitted funds through formal banking as well as remittance channels. In light of the significant contribution of remittance to Nepal's economy, this product aims to formalize remittance flows and provide reliable banking service to remittance beneficiaries in and out of Nepal. Remittance Saving Account can be opened by remittance sender as well as their relatives.
Features
| Product Name | Remittance Saving Account |
| Eligible Customers | Any Nepalese citizen/ Non-Residential Nepalese and their immediate family members residing in Nepal. |
| Minimum Balance | NPR 1000/- |
| Eligibility of Deposit | Only the deposit coming from abroad through International Remittance or through valid Banking channel. |
| Interest rate | As per Published interest rate of Bank |
| Ks iMobile | As per STC |
| Debit Card | As per STC |
| Locker charges | As per STC |
| Locker Security Deposit | As per STC |
| Demat/Meroshare | As per STC |
| Interest Calculation | Interest Calculation on daily basis and payable on quarterly basis |
Required Documents
- Valid passport with Visa (Mandatory: If the Depositor resides abroad)
- NRN card for non-resident Nepalese
- Relationship certificate (Mandatory if the account is opened by immediate family member in Nepal)
