Savings

Aabhash Bal Bachat

The product has been designed to promote the habit of savings amongst the parents for a secured future of their children. It has been observed that due to the hectic lifestyles of the parent’s today, they tend to ignore the importance of saving for their children. The amount can be used later for various purposes, the educational expenses of the children, investment in fixed assets for the children or for the marriage ceremonies of the children later in future. This account is equally useful to provide the financial operation concept amongst the children from their early ages. Aabhash BalBachat is aimed at providing a better future for the children of today.

The features of the products are as follows:

• Minimum balance requirement: NPR 100 Minimum balance will be held with us, a condition to that effect will be mentioned in the account opening form.
• Interest rate: 7.5% & 9.5% p.a. on monthly minimum balance
• Interest will be posted on quarterly basis
• No restriction on deposits but one should deposit on daily or monthly basis
• Available for 3 Year – 5 Year Deposit
• Deposit amount cannot be withdrawn prior to its maturity

• Account holder’s Passport Size Photo 3 psc.
• Account holder’s parants Citizenship Photocopy 1 psc.
• Account holder’s parants photo 1 psc.
• Nominee’s Passport Size Photo 1 psc.
• Nominee’s Citizenship Photocopy 1 psc.