Civil Bank Remit Savings Account

Civil Bank Remit Savings Account

Remit saving account has been designed to solicit deposit accounts of the Nepalese working abroad.

Civil Bank Remit Savings Account
6.03 %
Total Interest Rate

Last Updated Date: May 17, 2022

Civil Bank Ltd

With the vision to become the most trusted bank by providing the latest banking services and support to its customers, Civil Bank has started its banking journey from 2010. This bank has become a bigger institution in terms of capital, asset sizes and branches. In the short span of time it has uplifted its status so much that its workforce has also increased significantly to exceed 400 and has 41 branches of network. By expanding its network branches and workforce, it has been able to meet the needs and every demands of the customer. It has the superior values and moral principles which aims to succeed and reach to the higher status by maintaining the corporate values. On the banking journey it has moved forward with the mission to become the Nepali’s banking partner by extending all types of banking services. The main objective of the Civil Bank is to be innovative and be dedicated to customer services. By providing prudent expansion on the services and by providing competitive human resources, Civil Bank tries to contribute directly or indirectly in the economic growth of the country. Civil Bank has now substantially grown to become a bigger institution in terms of capital, asset size and business volumes. With the completion of recent merger with (former) International Leasing and. In a short span of time, the total strength of the bank’s workforce has also increased significantly to exceed 850+ and its network of branches have reached 97 enabling the Bank to meet the demands and financial/ banking requirements of the customer across the country more efficiently.

Civil Bank Remit Savings Account

REQUIRED DOCUMENTS

Document required for Remit Saving Account

  1. Personal Account Opening Form
  2. Personal identification such as passport/citizenship.
  3. Two recent passport size photographs of account holder.
  4. Identification of account holder justifying the current address of customer such as utility bill (electricity/telephone) or PAN card or driving license or voter identity card etc. for KYC purpose
  5. Declaration of nominee with personal identification and PP size photograph
  6. Copy of VISA along with passport or work permit

What Is a Remittance Saving ? 

A remittance is a payment of money that is transferred to another party. Broadly speaking, any payment of an invoice or a bill can be called a remittance. However, the term is most often used nowadays to describe a sum of money sent by someone working abroad to his or her family back home.Most remittances are made by foreign workers to family members in their home countries. The most common way of making a remittance is by using an electronic payment system through a bank or a money transfer service such as Western Union. People who use these options are generally charged a fee. Transfers can take as little as ten minutes to reach the recipient.Remit saving deposit is for those people who are engaged in foreign employment and their family members. This ensures remittance comes through the direct banking channel of saving account.A remittance is a transfer of funds. A cash remittance is when the sender deposits cash instead of using a debit or credit card, cheque, or direct bank transfer to remit. A cash remittance requires the sender to provide their information such as full name, local address, the purpose of the remit.

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