Overview

MBL NRN Saving Account is designed for Non-Resident Nepalis (NRNs) to securely maintain and grow their savings in Nepal through convenient banking services and exclusive financial benefits.

Product Features/Benefits

1

Minimum Balance Requirement: Zero

2

Free first cheque book issuance

3

50% waiver on locker fee charges*

4

Waiver of 25 basis points on processing fees for consumer loans, including Home Loan and Auto Loan (also applicable to one household family member of the NRN)

5

Free Internet Banking facility*

6

Free Debit Card*

7

Account opening available through the web portal under product code SBNRN

8

Online account opening shall be processed as per the approved “Online Account Opening Procedure”

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

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Required Documents

  • Any one of the following documents:
    -    Valid copy of Passport, or
    -    Valid Non-Resident Nepali Identity Card issued by the concerned authority of the Government of Nepal, or
    -    Valid NRN Card issued by Non-Resident Nepali Association along with Nepali or foreign passport, or
    -    Passport/Citizenship of a foreign country (except SAARC countries) if the customer or their father, mother, grandfather, or grandmother was previously a citizen of Nepal.

  • Proof of relationship in case of minor account, along with guardian’s supporting documents

  • Duly filled account opening form

  • Two recent passport-size photographs of the account holder

  • Documents disclosing source of income and origin of funds in the account

  • Duly filled KYC form along with supporting documents if the account operator is other than the account holder

  • In case of nominee inclusion, identification documents of the nominee (Citizenship Certificate / Valid Passport) along with passport-size photograph

  • Additional documents and information as required under the Bank’s Procedural Manual, operational guidelines, and NRB directives from time to time.

Frequently Asked Questions