MBL Balbalika Bachat Khata is a savings account designed for minors below 18 years of age. The account supports parents and guardians in building an early financial savings plan for their children’s future, while enabling banking access through internet and mobile banking facilities operated by the authorized guardian.
MBL Balbalika Bachat Khata is a savings account designed for minors below 18 years of age. The account supports parents and guardians in building an early financial savings plan for their children’s future, while enabling banking access through internet and mobile banking facilities operated by the authorized guardian.
Minimum Balance Requirement: Zero
Free first cheque book issuance
Free subscription of Internet Banking*
Account can only be opened in the name of a minor
Account will be automatically converted to a Normal Saving Account once the account holder legally attains majority age
*Charges are free for the first year only. Charges as per Standard Tariff of Charges shall be levied from second year onwards.
Duly filled account opening form and KYC documents of the minor’s guardian
Proof of date of birth of the minor (Birth Certificate issued by Government authorities / Passport / Minor Identity Card)
Citizenship Certificate / Valid Passport and/or any valid identification document issued by the Government of Nepal of the guardian (account operator)
National Identity Card (deferral applicable as per Bank approval)
Two recent passport-size photographs of both the minor and guardian
Additional documents and information as required under the Bank’s Procedural Manual, operational guidelines, and NRB directives from time to time.
Minimum Balance Requirement: NPR 100
Free first cheque book issuance
Account can only be opened by female customers (however, a male operator may operate the account upon authorization by the account holder)