Bal Bachat Saving account is the product designed for the minors or children below 18 years of age. The parents or guardians can save for the future of their children through this account while using this account to perform regular transactions.
Features
| Minimum Balance | NPR 100 /- |
| Interest rate | As per published interest rate of Bank |
| Ks iMobile | As per STC |
| Debit Card | As per STC |
| Locker Fee | As per STC |
| Locker Security Deposit | As per STC |
| Locker Surrender | Charge As per STC |
| Demat | As per STC |
| MeroShare | As per STC |
| Interest Calculation |
Interest Calculation on daily basis and payable on quarterly basis |
| Eligibility | Children under the age of 18 years |
| Standing Instruction | Free from parent’s account to child account for regular transfer of money |
Required Documents
Additional documents to be collected from Customers
- Birth Registration Certificate of a minor.(Citizenship is also acceptable if minor has already taken citizenship)
- Duly filled KYC, citizenship and NID of a parent/legal guardian.
Points to be noted
- This account is fully operated by the accountholder guardian.
- When minor turns adult and attains the age of 18 years, the account is to be converted to other accounts and operated by account holder. The additional documents is to be obtained as per the adult.
