Shine Baal Bachat Khata is the product specially designed for the minor. Targeted for the secured future of children, it's the deposit product that will help parents to save for the future expenses of their children. This product inculcates saving habits among children.

1.      Features:

1.      Account to be opened in the name of minor (as prevalent by Government of Nepal)

2.      Parents/Guardian can operate the account. Relationship certificate is compulsory to be obtained in case of guardianship taken other than minor's own parents.

3.      No restrictions for withdrawals and deposits, but transaction should match the nature of minor account.

4.      This account targets minor as customers and account shall get blocked when minor turns to major i.e. eligible for citizenship certificate.

5.      Interest payment frequency: Quarterly on daily closing balance

2.      Eligibility:

1.      Children of minor age (minor age shall be as defined by Gov. of Nepal)

3.      Documentation

·         Duly filled account opening and KYC

·         Birth Certificate of Minor

·         Valid Identification document of Guardian

·         Passport size photograph of Minor and guardian

·         Guardianship document, in case of guardianship taken by other than minor’s own parents

·         Other KYC information as applicable

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