MBL Balbalika Bachat Khata

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.

Product Features/Benefits :

Minimum Account Balance: Zero
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.

Documents Required :

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