MBL NRN Saving Deposit Account (FCY) is a specialized foreign currency savings account designed for Non-Resident Nepalis (NRNs) seeking to invest in foreign currency deposits while earning competitive returns on their FCY savings.
MBL NRN Saving Deposit Account (FCY) is a specialized foreign currency savings account designed for Non-Resident Nepalis (NRNs) seeking to invest in foreign currency deposits while earning competitive returns on their FCY savings.
|
Currency |
Minimum Required Balance |
|
USD |
1,000/- |
|
GBP |
1,000/- |
|
EURO |
1,000/- |
|
AUD |
1,600/- |
|
JPY |
150,000/- |
|
CAD |
1000 |
|
CNY |
7500/- |
Free first cheque book issuance
0.15 paisa premium/rebate on FCY exchange
No conversion charges for FCY deposits converted into LCY deposits
Transaction alert facility
Free monthly statement for saving account via email upon request
Deposit and repatriation of funds can only be conducted through banking channels, including SWIFT and remittance through corresponding foreign banks
Facility to settle funds in local currency upon customer request through registered email**
Facility for internal fund transfer upon request through registered email ID
Terms and conditions are subject to change as per Nepal Rastra Bank guidelines
*Charges are waived for the first year only. Charges as per Standard Tariff of Charges shall be levied from second year onwards.
**Conversion rate shall be confirmed with the Treasury Department.
Note: Minimum balance requirements may be revised as required.
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
Minimum Balance Requirement: Zero
Free first cheque book issuance
50% waiver on locker fee charges*