Premium Saving Account is a deposit scheme designed to cater the saving needs of individuals. The main concept behind the Premium Savings Account is to accommodate the individuals who have deposits in higher volume for saving and expect high interest with all the banking facility.
Last Updated Date: May 17, 2022
Global Bank Limited (GBL) was established in 2007 as an ‘A’ class commercial bank in Nepal which provided entire commercial banking services with the largest capital base at the time with paid up capital of NPR 18.97 billion. Global Bank was renamed to Global IME Bank after merger with Reliable Development Bank ,Pacific Development Bank , Social Development Bank , Gulmi Bikas Bank, IME Finance, Lord Buddha Finance, and Commerz and Trust Bank). Global IME bank is currently trading in Nepal Stock Exchange with symbol GBIME. GBIME has provided a dividend return of 16 percent in fiscal year 2074/75. Global IME Bank Limited has appointed Global IME Capital Limited (Elite) as it’s share registrar. As a section of financial inclusion, Global IME Bank addressed a new strategy of launching branchless banking providers in the most remote part of the country where presence of economic institutions are very less in number or aren’t present at all . Within 8 years of the period the bank has already launched 218 branchless banking offerings catering more than 41,000 customers on their each day deposits and withdrawals. Their branchless banking areas additionally offer micro lending facility to small farmers and businessmen. The bank has different pursuits in hydro power, manufacturing, textiles, service industry, aviation, exports, trading and microfinance tasks. GIBL has been conferred with “The Bank of the Year Award 2014” for Nepal by the Bankers Magazine (Publication of the Financial Times, UK), “Best Internet Bank 2016- Nepal” by International Finance Magazine, London and “Best Employer Award 2018” by way of World HRD Congress, India.
Documents Required for Premium Saving Account
Premium savings accounts are specialized savings accounts that offer improved and enhanced banking features and customized services. These types of accounts are best suited for people that have an extreme paucity of time, need premium services or require relaxed and customized norms.As cash deposits and withdrawals of Rs 10 lakh or more in a bank account in a financial year are required to be reported to the tax authorities, you need to be careful if you are exceeding the prescribed threshold. This limit is Rs 50 lakh and more in case of current accounts.These accounts reward you for meeting high minimum balance requirements and/or for relationship banking having multiple accounts with the same financial services provider, like checking or savings accounts, credit cards, loans or investments. Sometimes premium checking and savings accounts are packaged together.
Premium bank accounts offer some advantages that you might find valuable. Certain benefits are available for free or at a discount with a premium bank account, while they might cost a fee or be inaccessible with a basic checking or savings account.Common perks of a premium bank account include:
Premium bank accounts typically waive some or all fees for out-of-network ATM use, and some waive or discount fees on cashier’s checks, money orders, wire transfers, investment accounts and more. Some premium accounts also waive fees on foreign exchange rate adjustments on ATM withdrawals outside the U.S.
Many premium accounts offer higher limits on deposits and transfers. You might also have higher limits on daily purchases and ATM withdrawals.
Personal loans, home loans and lines of credit could come at a better rate than you’d get with a basic account.
Some premium accounts offer complimentary financial guidance or investing advice.