NMB Smart Nari Bachat Khata

Overview

NMB Smart Nari Bachat Khata is a product especially focused towards women with a view to encourage them toward savings and digitization.

Eligibility

All Nepalese female individuals

Documentation

Completely filled Personal Account Opening Form
Copy of Citizenship Certificate
One passport size photograph
Product Declaration Form

Features

Minimum Balance: Nil
Interest Rate
Yearly medical/ health check-up facility up to NPR 5000* (Only applicable in case of payment made through digital channels.)
Nari Digi Combo (Mobile banking, internet banking and debit card)- @50% discount on 5 years charge
Free issuance of NMB Delight Debit Card for 1^st year
Free issuance of NMB Credit Card for 1^st year
Free issuance of NMB Prepaid Dollar Card for 1st year
Free top-up on NMB Prepaid Dollar Card for 1^st year (Applicable for top-up of $100 & above only)
Free issuance of Omnichannel banking for 1st year
Free ASBA
Free DEMAT for 1^st year
Free Mero Share for 1^st year
50% discount on Annual Locker charge for 1st year
50% discount on Locker Margin
Free link to NMB Mero Kramik Khata
Special discount of 25 basis points on Loan Processing Fee on Retail Loans & Women Entrepreneurship Loan

Free withdrawal from other Banks’ ATMs all over Nepal

*50% of Vat Bill Amount or 1% of 6 month average balance, whichever is lower. VAT bill issued from registered hospitals/clinics under special arrangements done by the bank.

FAQ

What is NMB SMART NARI BACHAT KHATA?

NMB Smart Nari Bachat Khata is a product specially designed for nari (female) segment with a view to encourage them toward savings and empowering them through digitization.

What is the interest rate under this product?

For interest rate, please visit https://www.nmb.com.np/interest-rate , highest published rate in savings product.

What is the minimum balance requirement for NMB Smart Nari Bachat Khata?

Minimum balance requirement for NMB Smart Nari Bachat Khata is Zero.

Who is eligible for this product?

All Nepalese female individuals residing inside and outside Nepal of all age group are eligible for this product.

Is NMB Omnichannel banking free under this product?

The issuance charge of NMB omnichannel is free for first year of account opening. Thereafter, charges will be available as per STC. (Omnichannel banking refers to the mobile and internet banking facilities provided by NMB bank)

Is debit card, credit card and dollar online payment card free under this product?

NMB Delight debit card, credit card and dollar online payment is free for first year of account opening. Thereafter, charges will be available as per STC.

Is there any charge on Dollar Card top-up?

Dollar card top-up charge is free for top-up of $100 & above for first year only. Charges will be available as per STC thereafter.

Is DEMAT and Meroshare free under this product?

DEMAT and Meroshare is free for first year of account opening. Charges will be applicable as per STC thereafter.

What is Nari Digi Combo?

Nari Digi Combo is the combined package of mobile banking, internet banking and debit card where the customers could get 50% discount on 5 year charges if paid on lump sum.

Is locker facility available under this product? If yes, what are the locker charges?

Yes, locker facilities are also available under this product. There is 50% discount on annual locker charge for first year and 50% discount on locker margin. Charges will be applicable as per STC thereafter.

Is there any discount on loan processing fee under this product?

There is 0.25% discount on loan processing fee on retail loans & women entrepreneurship loan.

Is there any charge for transferring scheme to this product/account?

Yes, charges will be available as per STC while transferring scheme.

Can minors open this account and if the existing customers (female) are minors, can they change their scheme to NMB Smart Nari Bachat Khata?

Yes, Nepalese females of all age group can open this account. Existing minor customers can also change their account/scheme to NMB Smart Nari Bachat Khata.

Can I open joint account under this product?

Joint account can’t be opened under this product.

Who are eligible for yearly medical/health check-up facility?

All customers under “NMB Smart Nari Bachat Khata” are eligible for yearly medical/health check-up facility.

How much cashback is provided under this product?

Maximum up to NPR 5,000/- cash back is provided once a year under this facility.

Is the full amount i.e. NPR 5,000/- reimbursed?

50% of Vat Bill amount or 1% of 6 month average balance, whichever is lower is reimbursed but not exceeding NPR 5,000/- .

Does the VAT bill issued by any hospital are acceptable for cashback?

VAT bill issued from registered hospitals/clinics under special arrangements done by the bank are acceptable for cashback.

If I make the payment through cash for the medical/health checkup, is that amount reimbursed?

Payment made through digital channels for the medical/health checkup are only reimbursed.

How many times can the customer claim for cash back under medical/health check-up facility?

Customers could claim for cashback once a year only upon medical/health checkup.

What is the claim process for the yearly medical/health check-up facility?

Step 1: After 6 month from the account open date, bank shall inform customers via message, e-mail and/or phone calls about their eligibility for the cash back.

Step 2: Then customer will visit the nearest branch of NMB bank, where they should submit following documents:
• Copy of original VAT bill (Original bill should also be presented at the branch for verification)
• Completely filled yearly health/ medical checkup claim form (Provided by the bank)

Step 3: The amount shall be reimbursed within 30 days after the presentment of the above mentioned documents to the concerned unit.