MBL Samman Bachat Khata

100
6%

MBL Samman Bachat Khata

100
6%

Older adults must begin investing as soon as they retire, or their savings will be lost. Medical needs, long-term care, and shifting family dynamics are significant life events that must be anticipated and planned for. Saving money even after retirement is critical because it promotes long lifespans, allows us to benefit from our own money, and allows us to live a healthy and happy life.

Many Nepalese banks provide financial planning as well as savings accounts for the elderly. Machhapuchhre Bank has also developed MBL's Samman Bachat Khata, where senior citizens can begin their financial planning. MBL's Samman Bachat Khata is dedicated to honoring the years of experience of senior citizens.The Samman Bachat Khata aims to help people live self-sufficient lives after retirement by setting aside money for their financial needs.

Features :

  • Interest Payment Frequency: Quarterly
  • Free subscription of Internet Banking*
  • 50% Discount on Annual Rental Charge of Locker*
  • Free Any Branch Banking Service (ABBS) facility
  • 50 years and above are only eligible to open this account
  • This account may be opened in the joint name with immediate family members whose age is more than 50 Years
  • *Charges/Discounts 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
  • Identification documents such as Citizenship Certificate /Valid Passport issued by Government of Nepal
  • Two recent Passport (PP) size photographs of the account holder
  • Identification documents of Nominee along with PP size photograph of the Nominee
  • Duly filled KYC form (as and when required)
  • Any other documents specified by NRB from time to time