March 28, 2024 (चैत्र १५, २०८०, बिहिवार)
071- 415502 / 415503 .
info@srdb.com.np

STUDENTS SAVING



1.      Introduction

Student Saving is designed for youth to provide complete banking services. SRDBL offers especially designed student savings account introduced with the objectives of developing banking habits amongst students.

2.      Features:

1.      This product has long run prospects for future business avenues.

2.      Students having valid student ID card can open this account.

3.      Preference shall be given while availing Education loan

3.      Eligibility:

1.      All Nepalese Individual with valid Student Identification documents.

4.      Minimum balance and Interest Rate:

1.      Minimum balance : NPR 100/00

2.      Interest rate shall be applicable as determined by ALCO committee of the bank from time to time.

3.      Interest payment frequency : Quarterly on daily closing balance

5.      Documentation

1.      As per Operation Policy/AML& CFT policy/NRB Directives.

6.      Waiver

1.      Free Mobile Banking Facility for 1st year only.

2.      Free Debit card facility for 1st year only.

3.      Free Internet Banking facility for 1st year only.

7.      Risk Assessment and Transaction Monitoring.

1.      Huge or frequent transaction on account irrespective of nature of product, recently opened account or recently dormant released account shall be monitor on the basis of limit prescribed on Annexure S of AML/CFT policy 2074.

2.      Customer risk classification shall be done on the basis of Annexure E of AML/CFT Policy.

3.      Source of Fund and purpose of deposit shall be obtained above the limit prescribed on AML/CFT policy.

4.      Frequent online transaction, inappropriate or unusual cash or non-cash transaction on account of this product shall be monitored on the basis of parameter prescribed on Annexure S of AML/CFT Policy.

5.      Procedure for identification of beneficial owner shall be followed.

 

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