Sarbashrestha Kathmandu Mahanagarpalika Bachat Khata is a savings account designed for the local citizens residing in Kathmandu Metropolitan City.

Product Features and Benefits

  • Insurance benefits 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.

Customer Segment

Exclusively for Local Resident of Kathmandu Mahanagarpalika

ParticularThe NIC ASIA Goodwill AmbassadorThe Pride of NIC ASIA BankThe Partner of NIC ASIA Bank

Minimum Balance

Rs. 10,000

Rs. 5,000

Rs. 2,500

Insurance Benefits
ParticularThe NIC ASIA Goodwill AmbassadorThe Pride of NIC ASIA BankThe Partner of NIC ASIA Bank

Accidental Insurance

Rs. 40 lakhs (NPR 10 Lakhs to each account)

 NPR 20 Lakhs (NPR 10 Lakhs to each account)

 NPR 10 Lakhs

Critical Illness

Rs. 40 lakhs (NPR 10 Lakhs to each account)

 NPR 20 Lakhs (NPR 10 Lakhs to each account)

NPR 10 Lakhs

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)

 NPR 2 Lakh (OPD up to NPR 40,000 and Hospitalization treatment up to NPR 160,000)

 

(NPR 1 Lakh to each account)

 NPR 1 Lakh (OPD up to NPR 20,000 and Hospitalization treatment up to NPR 80,000)

Tenure of Insurance Facility

5 Years

5 Years

5 Years

Insurance Coverage for

Account holder and Additional three persons as designated by account holder.

Designated persons must have account under "Sarbashrestha Bundled Sahaj Bachat Khata"

Account holder and Additional One person as designated by account holder.

 

Designated persons must have account under "Sarbashrestha Bundled Sahaj Bachat Khata"

Account Holder Only

Wealth Maximization
ParticularThe NIC ASIA Goodwill AmbassadorThe Pride of NIC ASIA BankThe Partner of NIC ASIA Bank

DEMAT Account

 Free For Five Years

 Free For Five Years

 Free For Five Years

MERO Share Charge

 Free For Five Years

 Free For Five Years

 Free For Five Years

Portfolio Management Service Fee

 50% Discount for Five Years

50% Discount for Five Years

 50% Discount for Five Years

Flexi Fixed Facility

Not Available

Not Available

Not Available

Flexi Fixed Interest Rate (%)

Not Available

Not Applicable

Not Applicable

Prematurity Charge (%)

Not Available

Not Applicable

Not Applicable

Digital and Transaction Banking
ParticularThe NIC ASIA Goodwill AmbassadorThe Pride of NIC ASIA BankThe Partner of NIC ASIA Bank

Debit Card

Free for Five Years

Free for Five Years

Free for Five Years

Mobile Banking

Free for Five Years

Free for Five Years

Free for Five Years

Internet Banking

Free for Five Years

Free for Five Years

Free for Five Years

Credit Card Limit (In Rs)

Upto 500,000

Upto 500,000

Upto 500,000

Credit Card Joining and Issuance Fee

Free

Free

Free

Credit Card Annual Fee

Free for Five Years

Free for Five Years

Free for Five Years

Prepaid Dollar Card

Free for Five years

Free for Five years

Free for Five years

E-Commerce Activation and Annual Charge

Free for Five Years

Free for Five Years

Free for Five Years

Cheque Processing

Free for Five Years

Free for Five Years

Free for Five Years

RTGS

Free for Five Years

Free for Five Years

Free for Five Years

IPS/CIPS

Free for Five Years

Free for Five Years

Free for Five Years

Locker Rentals

100% Locker Fee Free for Five years

100% Locker Fee Free for Five years

100% Locker Fee Free for Five years

Locker Margin

100% Waiver for Five Years

100% Waiver for Five Years

100% Waiver for Five Years

FCY Exchange rebate/premium (limited to USD, GBP, EUR, CAD and AUD only)

25 paisa

25 paisa

25 paisa

ATM Cash Withdrawal (Domestic Bank)

Free for Five Years

Free for Five Years

Free for Five Years

ATM Balance Inquiry (Domestic Bank)

Free for Five Years

Free for Five Years

Free for Five Years

Loan Related Benefits
ParticularThe NIC ASIA Goodwill AmbassadorThe Pride of NIC ASIA BankThe Partner of NIC ASIA Bank

Pre-approved Loan Limit (Times of 3 Months Average balance)

10

10

10

Premium Over Base Rate on above loan limit (%)

1

1

1

Loan Processing Fee (%)

0.25

0.25

0.25

With our digital transaction services, you can easily make payments at over 1,000+ merchant outlets.

Required Documents

PP size photo

Orginal Citizenship

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