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.