MBL Samman Bachat Khata

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.

Product Features/Benefits:

Minimum Account Balance: NPR 100.00
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.

Documents Required:

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