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Machhapuchchhre Bank Limited

Product Features/Benefits :

Features for Individual Customer

  • Minimum Balance: NPR 500.00
  • Free withdrawal facility from any ATM within Nepal
  • Free Subscription of Debit/Credit Card *
  • 50% Discount on Annual Rental Charge of Locker*
  • Free Subscription of lnternet Banking ,MBL Mobile Money (M3)*
  • Free Any Branch Banking Service (ABBS) Facility
  • Free DMAT Account Opening/C-ASBA/Mero Share*

Features for Institutional Customer (NGOs/INGOs/Trusts/other Non Profit Making Organizations):

  • Minimum Balance: Zero
  • Free Cheque Book and Account Statement on Demand
  • Free Subscription of lnternet Banking*
  • Free Any Branch Banking Service (ABBS) Facility

Note: Institutional customer here means organizations (such as NGOs, INGOs, Trust and other non-profit making organizations) that are legally eligible to operate through savings accounts.

*Charges are free for the first year only. Charges as per Standard Tariff of Charges shall be levied from second year onwards.

Documents Required :

For Individual Customers

  • Duly filled Personal Account Opening Form
  • Identification documents such as Citizenship Certificate /Valid Passport issued by Government of Nepal
  • Two recent Passport (PP) size photographs of the account holder
  • Identification documents of Nominee (Citizenship Certificate /Valid Passport) along with PP size photograph of the Nominee
  • Duly filled KYC form (as and when required)
  • Any other documents specified by NRB from time to time

For Institutional Customers

  • Duly filled Non-Personal Account Opening Form
  • Memorandum of Association (MOA) and AOA (Article of Association) / Constitution (Whichever applicable)
  • Copy of Registration document from concerned authority
  • Copy of Certificate of PAN/VAT registration (Where applicable)
  • Copy of latest Audit Report
  • Legal Identification Documents such as Citizenship Certificate /Valid Passport of the Board Members/Working Committee and Account Operators
  • One recent Passport (PP) size photograph of the Board Members/Working Committee and Account Operators
  • Duly filled KYC form along with supporting documents of Board Members/Working Committee and Account Operators
  • Any other documents specified by NRB from time to time

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Machhapuchchhre Bank Limited