Sarbashrestha Jestha Nagarik Bachat- The NIC ASIA Goodwill Ambassador is a savings account with various amenities and unique benefits for elderly citizens.
Product Features and Benefits
- Insurance Related Benefit up to Rs 84 Lakhs. (Insurance partner IGI Prudential Insurance Limited)
- 5 years free annual charge on debit card / mobile banking / internet
banking - Free locker facility
- Free Cash Withdrawal/Balance Enquiry from any BFI’s ATM’s all across the country.
- Special Concessions on Interest Rate
- Special Concessions on Administrative Fees
- Pre-approved Loan Facility
*Terms and Conditions may apply | The card offers are upto 5 years only. Fees and charges apply and may change.
Notes:
- In case of online account, the account holder shall be eligible for designated freebies/benefits only after maintaining of the minimum balance in the account.
Insurance Benefits
| Particular | Benefits |
|
Accidental Insurance |
Rs. 40 lakhs (NPR 10 Lakhs to each account) |
|
Critical Illness |
Rs. 40 lakhs (NPR 10 Lakhs to each account) |
|
Medical Insurance |
Rs. 4 Lakh (OPD up to Rs. 80,000 and Hospitalization treatment up to Rs. 320,000) (NPR 1 Lakh to each account) |
|
Tenure of Insurance Facility |
5 Years |
|
Insurance Coverage for |
Account holder and additonal three persons designated by account holders. Designated persons must have account under "Sarbashrestha Bundled Sahaj Bachat Khata |
Wealth Maximization
| Particular | Benefits |
|
DEMAT Account |
Free For Five Years |
|
MERO Share Charge |
Free For Five Years |
|
Portfolio Management Service Fee |
50% Discount for Five Years |
|
Flexi Fixed Facility |
Available (In excess of Rs. 200K) |
|
Flexi Fixed Interest Rate (%) |
As per published Interest Rate |
|
Prematurity Charge (%) |
Difference between FD & saving interest rate (At present 3 %) |
Digital and Transaction Banking
| Particular | Benefits |
|
Debit Card |
Free for Five Years |
|
Mobile Banking |
Free for Five Years |
|
Internet Banking |
Free for Five Years |
|
Credit Card Limit (In Rs) |
Up to 500,000 |
|
Credit Card Joining and Issuance Fee |
Free |
|
Credit Card Annual Fee |
Free for Five Years |
|
Prepaid Dollar Card |
Free for Five years |
|
E-Commerce Activation and Annual Charge |
Free for Five years |
|
Cheque Processing |
Free for Five Years |
|
RTGS |
Free for Five Years |
|
IPS/CIPS |
Free for Five Years |
|
Locker Rentals |
100% Locker Fee Free for Five Years |
|
Locker Margin |
100% Waiver for Five Years |
|
FCY Exchange rebate/premium (limited to USD, GBP, EUR, CAD and AUD only) |
25 paisa |
|
ATM Cash Withdrawal (Domestic Bank) |
Free for Five Years |
|
ATM Balance Inquiry (Domestic Bank) |
Free for Five Years |
Loan Related Benefits
| Particular | Benefits |
|
Pre-approved Loan Limit (Times of 3 Months Average balance) |
10 |
|
Premium Over Base Rate on above loan limit (%) |
1 |
|
Loan Processing Fee (%) |
0.25 |
Privilege Banking
| Particular | Benefits |
|
Guaranteed Service Delivery (In Mins) |
50% of Standard |
|
Compensation for waiting time beyond TAT(In Rs. per instance) |
10 |
|
Dedicated Relationship Management |
Available |
|
Home Banking |
Withdrawal/Deposit maximum 5 times per month for account holders maintaining closing balance of NPR 1 Million and above on previous working day. |
With our digital transaction services, you can easily make payments at over 1,000+ merchant outlets.
Required Documents
PP size photo
Original Citizenship/ Voter ID / Driving License
