Nepal SBI brings savings scheme to increase financial literacy among children

ShareSansar, February 27:

Nepal SBI Bank has launched three new savings deposit schemes: “NSBL Baal Bachat Khata,” “Karnadhaar Bachat Khata,” and “NSBL Combo Savings Scheme.” The bank aims to enhance financial literacy among the children through the schemes, a press statement issued by the bank said.

NSBL Baal Bachat Khata and Karnadhaar Bachat Khata are targeted at children below sixteen years of age. The schemes are expected to help guardians to inculcate banking habits in their children. Both the accounts can be opened with a minimum balance of Rs 501 with interest at 3% p.a. to be calculated on daily balance and payable quarterly.

“NSBL Combo Savings Scheme” can be opened at zero balance. In this account, customer will get free Internet Banking Service, free Cheque Book and higher interest rate than Normal Saving Account.