General Saving Account is designed to take care of customer’s banking and savings requirements. General savings account is a deposit account maintained by a customer for the purpose of accumulating funds over a period of time while earning interest.
Last Updated Date: May 17, 2022
Kumari Bank Limited is a commercial bank existing as the fifteenth industrial financial institution of Nepal by beginning its banking operations from Chaitra 21, 2057 B.S (April 03, 2001) with an objective of offering competitive and current banking services financial market. Kumari Bank Limited has acquired Kasthamandap Development Bank, Mahakali Bikas Bank, Kakrebihar Bikas Bank, Paschimanchal Finance. Kumari Bank Limited is currently trading on Nepal Stock Exchange with the symbol KBL. KBL has provided a dividend return of 8.5 percent in the fiscal year 2074/75. Kumari Bank Limited has appointed Kumari Bank Limited as its share registrar. The Bank has been imparting both Domestic and International Visa Debit Card and Credit Card, accessible in all VISA linked ATMs in Nepal and India, presenting extra offerings to the clients thru its 108 ATMs and quite a few POS terminals by exemplifying exact company governance, proactive danger management practices, and most efficient corporate social responsibility. Along with this, the Bank has additionally been presenting today's Mobile Banking, Internet Banking, Viber Banking, and QR PaymentsKumari Bank Limited have been providing wide-range of modern-day banking services through 221 factors of illustration located in a number of urban, semi city section and rural components of the country, with 186 branches, thirteen extension counters and 22 Branchless Banking Units. The bank aims to supply progressive products and offerings to their customers, use these innovative products to reap financial inclusion, and do so by exemplifying exact company governance, proactive danger management practices, and most efficient corporate social responsibility.
Documents Required for General Saving Account :
General Saving is the savings deposit accounts are meant for those individuals who have a habit of saving money from their earnings so that they can use it when they require. It’s an transactional interest bearing account wherein a deposit is placed with the bank for an unspecified term and the account holder can deposit or withdraw the funds whenever require through different means. A savings account is an interest-bearing deposit account held at a bank or other financial institution. Though these accounts typically pay a modest interest rate, their safety and reliability make them a great option for parking cash you want available for short-term needs. Savings accounts have some limitations on how often you can withdraw funds, but generally offer exceptional flexibility that’s ideal for building an emergency fund, saving for a short-term goal like buying a car or going on vacation, or simply sweeping surplus cash you don’t need in your checking account so it can earn more interest elsewhere.
Savings and other deposit accounts are important sources of funds that financial institutions can turn around and lend to others. For that reason, you can find savings accounts at virtually every bank or credit union, whether they are traditional brick and mortar institutions or operate exclusively online. In addition, you can find savings accounts at some investment and brokerage firms. The rate you’ll earn on a savings account is generally variable. With the exception of promotions promising a fixed rate until a certain date, banks and credit unions can generally raise or lower their savings account rate at any time. Typically, the more competitive the rate, the more likely it is to fluctuate over time. Changes in the federal funds rate can also trigger institutions to adjust their deposit rates. And some institutions offer special high-yield savings accounts, which are also worth investigating.