Jestha Nagarik Bachat Khata

Jestha Nagarik Bachat Khata

Old Age saving is specially designed account saving for senior citizens of 55 years & above who wants value for their saving and security of their funds

Jestha Nagarik Bachat Khata
7.03 %
Total Interest Rate

Last Updated Date: May 17, 2022

Global IME Bank Ltd

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.

Jestha Nagarik Bachat Khata


Document Required for Old age saving account:

  1. Personal identification such as passport/citizenship.
  2. Recent Passport size photograph
  3. Signature Specimen
  4. Identification of account holder for KYC (Know your Customers) purpose for justifying the current address of customer such as utility bill (electricity/telephone) or PAN card or driving license or voter identity card etc.
  5. Declaration of nominee with personal identification and PP size photograph

Old Age Saving 

Elders/senior citizens have spent a lifetime working, creating life, and chiseling paths in the roughest terrains for the ease of the generations that are to follow them. Because of these facts, elders need to be honored with various facilities and considerations that are tasked to make their lives better. To adapt to the needs of golden age society and improve their satisfaction. It encourages the elders to save for their golden age consumption before the retirement age reaches. It is designed to empower elder citizens to independently carry out the day-to-day banking transactions with dignity and confidence. It is designed to make banking an enjoyable experience. It is an account that offers convenience and cost-saving benefits which facilitates banking transactions with hosts of facilities catering to the needs of elders. is the highest interest-bearing saving account specially designed for senior citizens of 60 years & above who wants value for their saving and security of their funds. It is an attempt to respect them along with motivating saving for their much older age of need. 

Benefits of Investing in Senior Citizen Savings Scheme

Given below are the top reasons  investment option among senior citizens:

Guaranteed Returns: 

Since old age saving is a government-backed small savings scheme, it is one of the safest and most reliable investment options for senior citizens.

High Interest Rate:  

Offering interest at the rate of 7.4% per annum, It is among the most beneficial investment options, especially compared to the rather traditional ways of savings such as FD and Savings Account.

Tax Benefit

 Under section of the Income Tax Act, It is eligible for a tax deduction of up to Rs. 1.5 Lakh per annum.

Simple Investment Process

The process of investing  is quite simple. You can open account  at any authorized bank or any post office in India.

Quarterly Interest Payouts

Under the interest amount is paid to the account holders quarterly which ensured period payouts adding to your investment. Interest will be credited on the first day of April, July, October, and January every financial year.

Products You May Like