Shine Remittance deposit is design to promote remittance from banking channel with providing additional rate on deposits. This product aims to attract customer who get remittance from foreign employee increase saving habit of household.

1.      Features

1.      New accounts are eligible for this facility subject to eligibility criteria of saving accounts.

2.      Deposit Product Name : Shine Remittance Bachat Khata

3.      Customer can get additional 1 % interest rate than other saving deposit product

4.      Target Customer: Foreign Employees and person going for foreign employment.

5.      Customers are allowed to credit amount received from foreign employment, interest received from Remittance FD and government payment only.

6.      Mobile banking charges 350/-Per year.

7.      Debit card for 350/- per year.

8.      Interest payment frequency: Quarterly on daily closing balance

2.      Eligibility:

1.      Account holder should be Foreign Employees (who are currently in foreign employment or going for foreign employment) having ‘Shram Swirkiti’ from Nepal government.  

2.      Customer should declare that s/he has not maintained remittance saving account on other BFIs.  

3.      Customers who are maintaining saving account are also allowed to open additional account on remittance saving deposit product by meeting the criteria as mention above.

3.      Documentation

·         Duly filled account opening and KYC form

·         Valid Identification document

·         Sharam Swirkiti From Nepal Government

·         Declaration of not maintaining remittance saving account on other BFIs

·         Passport size photograph

·         Other KYC information as applicable

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