Saral Banking Sewa

MBL Balbalika Bachat Khata

MBL Balbalika Bachat Khata

6%

MBL Balbalika Bachat Khata

6%

MBL's "Balbalika Bachat Khata '' is a popular children's savings account in Nepal. MBL Balbalika Bachat Khata is a product designed for children aged up to 15 and below. It also favors parents who want to create an early financial plan to save a significant amount of money for their children's future. The authorized person for the child’s account can make deposits and transactions via the internet and mobile banking.

Features :

  • Interest Payment Frequency: Quarterly
  • This is a personal saving account for minors.
  • The account will be automatically converted to the Normal Saving Account once account holder turns major legally.
  • Free subscription of Internet Banking.*
  • *Charges are free for the first year only. Charges as per Standard Tariff of Charges shall be levied from second year onwards.

Required Documents :

  • Duly filled Personal Account Opening Form
  • Birth Certificate of Account Holder
  • Legal Identification documents such as Citizenship Certificate /Valid Passport of the Parents/Guardians (Signatory)
  • Two recent Passport (PP) size photographs of the account holder/ Parents/Guardians
  • Identification documents of Nominee along with PP size photograph of the Nominee
  • Duly filled KYC form of Parents/Guardians (Signatory)
  • Any other documents specified by NRB from time to time
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