Bank of Kathmandu new product

KATHMANDU, APR 26: 

Bank of Kathmandu (BoK) on Wednesday introduced a new savings account ‘BoK Chetanshil YuwaBachat Yojana’ for low income youth aged 10 to 22. The new savings account can be opened with a low minimum balance that has free lockable piggy bank and the highest interest rate. The bank will also ensure easy access to the product by offering the product related services at a few selected venues like schools/clubs in addition to its branches. The new product is being launched as a part of YouthSave project. YouthSave is a multi-country learning project that investigates the potential of savings accounts as a tool for youth development and financial inclusion in developing countries. Supported by The MasterCard Foundation, YouthSave is being implemented in Nepal, Colombia, Kenya and Ghana from 2010 through 2014.

Source: THT