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.
Last Updated Date: May 17, 2022
Machhapuchchhre Bank Limited started its banking operations from Pokhara in 2000. Machhapuchchhre Bank Limited was first registered in 1998 as the first regional commercial bank from the western region of Nepal. Machhapuchchhre Bank Ltd. is the first bank to introduce centralized banking software-GLOBUS BANKING SYSTEM of Temenos NV, Switzerland. This bank provides modern banking facilities such as Any Branch Banking, Internet Banking, Mobile Banking, Safe Deposit Locker facilities, Utility Bill payment (Telephone & Mobile), ATM (VISA Debit Cards ) to its valued customers. Vision of Machhapuchhre bank is to provide the best financial products and services in the most efficient and professional manner. It is one of the national level commercial banks operating in Nepal.The Bank has been promoted by highly renowned Non-Residential Nepalese, prominent businessmen and industrialists with a vision and dedication to provide the best financial products and services in the most efficient and professional manner. It has 160 Branch Offices, 133 Branchless Banking Units, 5 Extension Counters and 198 ATMs spread all across the country, and is one of the full fledged national level commercial banks operating in Nepal
Documents Required for 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.
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.
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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