Social Security Saving is a tailored product to ease the distribution of allowance from government to beneficiaries.

1.      Features:

1.      As government has implemented a policy to distribute allowance to a specified group of people which includes senior citizens, widow, differently able citizens through BFI's, this product is especially designed to meet the requirement of Government of Nepal.

2.      As per the guideline on Social security program, the distribution of social security allowance shall be done by opening an individual savings account in the name of beneficiary. A particular bank is nominated to cover ward(s) of particular village assembly committee/municipality. On the basis of the wards allocation, the bank will distribute allowance to the specified group of the people.

3.      Mobile banking charges 350/-Per year.

4.      Debit card for 350/- per year.

5.      Interest payment frequency : Quarterly on daily closing balance

2.      Eligibility:

1.      Group of people specified by Government of Nepal.

1.      Documentation

·         Duly filled account opening and KYC form

·         Valid Identification document

·         Passport size photograph

·         Guardian’s Identification document with KYC details in case of Minor

·         Other KYC information as applicable

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