Product Features/Benefits:
- Minimum Balance: Zero
- Interest Payment Frequency: Quarterly
- No other debit tools like Cheque, Debit card, Internet banking, Connect IPS, wallet linking shall be issued under this saving account except mobile banking.
- Subscription fee of Mobile Banking: Free for 1st year and Re. 1 from 2nd year onward
- Credit transaction through teller is also restricted.
- Annual Transaction: Debit: Max NPR 100,000/- ; Credit: Max NPR 100,000/-
- This account can be opened by Nepali Citizens and Non-Residential Nepalese having registered mobile number of Nepal.
- Account category conversion is allow after updating of KYC. The charges shall be waived for the category conversion under this account.
General Process of Account Opening:
- Initially customer need to open account opening function in mobile application and fill basic detail (Full Name, 3-generation detail, permanent and contact location, citizenship detail and mobile number) in required fields.
- Upload supporting documents (PP sized Photo, image of citizenship or other identification document allowed by bank’s policy and NRB Guideline and digital signature)
- Make submission by acknowledging all the terms and conditions.
Note: In order to avail all other facility and to increase the transaction limit, the accountholder have to update KYC by visiting MBL branches or other platform avail by the bank.
