Nabil 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. Today’s savings in fact can be very precious in the future. The amount can be used later for various purposes viz 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 inculcate the banking concept amongst the children from their early ages. ‘NabilBalBachat’ is aimed at providing a better future for the children populace of today.
The product also has a facility to make a monthly transfer from the account of the parent to the NabilBalBachat account through a ‘Standing Instruction’ option. The Standing Instruction facilitates the monthly transfers, by an amount decided by the parent without having the parents to come to the Bank and make the monthly transfers by themselves.
The features of the product are as follows:-
- Minimum balance requirement: NPR 500 (Minimum balance will be held with us, a condition to that effect will be mentioned in the account opening form).
- Interest rate: 3.5% p.a. on daily balance ( paid on balance Rs. 15000/- and above only).
- Issuance of Visa Electron Debit Card at NPR. 200.
- Free issuance of cheque book.
- Free Nabil Net.
- If Standing Instruction is applicable, monthly minimum transfer not below Rs. 500.
- No restriction on deposits
- Option to restrict/allow withdrawal remains with the account holder.
- Free M-bank