Karmachari Nibritibaran Bachat Khata

Karmachari Nibritibaran Bachat Khata

The salary saving account is dedicated to the employees of institutions/firms/ companies where the salary will be deposited directly to the bank. It targeted to Employees of Institution /Firm/ Companies where the salary will be deposited directly to the Bank.

Karmachari Nibritibaran Bachat Khata
5.05 %
Total Interest Rate

Last Updated Date: November 30, 2021

Agriculture Development Bank Ltd

Agriculture Development Bank Limited (ADBL) is a self-ruling association to a great extent possessed by the Government of Nepal. The bank has been functioning as a head provincial credit foundation throughout the previous thirty years, offering in excess of 67 percent of institutional credit gracefully in the nation. Subsequently, rustic money is the main operational territory of ADBL. Moreover, it has likewise been executing the Small Farmer Development Program (SFDP), the significant neediness mitigation program dispatched in the nation. Moreover, the bank has additionally been associated with business banking tasks since 1984. 


Agrarian Development Bank has a sum of 232 branches under the administration of 10 local workplaces and 60 ATMs (18 inside valley and 42 outside valley) sources.

Karmachari Nibritibaran Bachat Khata

REQUIRED DOCUMENTS

Documents Required for Salary Saving account :

  1. Duly filled Personal Account Opening Form
  2. Authorized Letter from employing organization requesting to open salary account
  3. Identification documents such as Citizenship Certificate /Valid Passport issued by Government of Nepal
  4. Two recent Passport (PP) size photographs of the account holder
  5. Identification documents of Nominee along with PP size photograph of the Nominee
  6. Duly filled KYC form (as requested by Banks)
  7. Any other documents specified by Banks

What Is Salary Saving Account? 

A Salary Account is an account to which your salary gets credited. Usually, banks open these accounts on request of corporations and major companies. Each employee of the company gets their own Salary Account which they are required to operate on their own. When the time comes for the company to pay its employees, the bank takes the money from the company’s account and then distributes it to the employers accordingly. The salary saving account is dedicated to the employees of institutions/firms/ companies where the salary will be deposited directly to the bank. It is targeted to the employees of institution /Firm/ Companies where the salary will be deposited directly to the Bank.

Who can open the account?

A corporate Salary Account can be opened by an individual whose company has a salary relationship with us. A Salary Account is created by the employer. The purpose of the Account is such that it makes sense for the employer to be the one who creates it. In contrast, anyone can open a Savings Account. You can choose from various Savings Account variants here. In case of the latter, if you have not closed down or converted any previous Salary Account after switching employers, then be sure to do so, else banks will charge a maintenance fee or a penalty on not maintaining a minimum balance on these now converted Savings Accounts.

Benefits of a Salary Account

A Salary Account offers more benefits (compared to savings account) as it is more profitable to the bank due to its nature of receiving a fixed amount of money every month. The benefits that a Salary Account holder receives, may vary from bank-to-bank. Within a single bank too, there may be different types of Salary Accounts offering various benefits. However, there are certain common benefits that come with a Salary Account – zero minimum balance, free cheque book / passbook / e-statements, Debit Cards, NetBanking, Phone Banking, online fund transfer, Demat Account/services, loan conveniences, Credit Card offers, utility bill payments, etc.

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