Product Features/Benefits :
- Minimum Account Balance: Zero
- Interest Payment Frequency: Quarterly
- Free subscription of Internet Banking Facility, MBL M-Smart*
- Free DMAT Account Opening/Mero Share*
- Free subscription of Debit Card*
- Junior ID card to all the account holders
- 0.25 basis points discounts on processing fee on Education Loan
- Free Cheque Book and Account Statement on Demand
- Free Email Bank Statement
- The account Operator of all the minor accounts to be changed after the child attains majority.
*Charges are free for the first year only. Charges as per Standard Tariff of Charges shall be levied from second year onwards.
Note: Insurance facilities in this product are discontinued from Shrawan 1st, 2077 B.S.
Documents Required :
- Duly filled Personal Account Opening Form
- Birth Certificate for Minor Account Holder and Identification Documents (Citizenship/Valid Passport) issued by Government of Nepal in case of Major account holder
- Duly filled KYC of the Parents/Legal guardians in case of Minor account
- Two recent Passport (PP) size photographs of the account holder
- Two recent Passport (PP) size photographs of Parents/Legal guardians in case of Minor account
- Identification documents of Nominee along with PP size photograph of the Nominee
- Any other documents specified by NRB from time to time
