Super Chamatkarik Babu Nani Bachat Khata

Super Chamatkarik Babu Nani Bachat Khata

Teach your child the value of money… Not only a great way to save money for your child but also a heat-start they need to succeed. Kid Saving is a savings account that grows with your child and teaches them savings habit.

Super Chamatkarik Babu Nani Bachat Khata
2.56 %
Total Interest Rate

Last Updated Date: May 17, 2022

NIC Asia Bank Ltd

NIC Asia bank has established a history in the banking sector by establishing itself on 30 June 2013 as the first type of merger bank between the two commercial banks, NIC Bank and Bank of Asia. Since its inception, it has been operating successfully and has today become one of the largest private sector commercial banks in the country in terms of the capital base, balance sheet size, ATM Locations and the number of the branches. The Bank has 327 branches in Nepal, 102 extension counters, 64 branchless banks and 469 ATMs. The main focus of this bank is meritocracy, transparency, professionalism, team spirit and service excellency. The main vision of this bank is to be one of the most respectable and honorable banks in terms of financial performance. The mission of this bank is to become a leading bank in Nepal by providing complete financial solutions to its customers.

Super Chamatkarik Babu Nani Bachat Khata

REQUIRED DOCUMENTS

Documents required for Kid saving accounts are :

  1. Citizenship/Passport of guardian
  2. Passport size photograph of guardian and child
  3. Birth certificate of child
  4. Location Map
  5. Signature Specimen of guardian
  6. KYC information

Kids Saving Account 

    

Kids Saving is a variant of a Savings Account, which can be opened in the name of children below 18 years of age, for their future savings. It is an account for children to encourage them to save their money for the future. It helps children to strengthen their financial future while teaching them the importance of financial security. There are typically two types of accounts you can open for your child: a savings account or a custodial account, and the difference is important. If you open a savings account, you and your child will have joint ownership of the account, and your child will be able to access funds from the account (with the parent being able to monitor the account). If you open a custodial account, also referred to as a Uniform Transfers to Minors Act account, the money in the account is treated as a gifted asset that is fully owned by your child, and cannot be accessed until they turn 18.

The children’s savings accounts sometimes offer unique features that can help make saving for kids.

Matching programs: 

Parents can help their children to set up a “savings matching program” for their kids.

Automatic savings plans: 

It is one type of automatic savings deposit plan, where a certain amount of money can get transferred into the child’s account automatically each month.

Financial education: 

It offers special financial education for kids, with interactive activities to help parents kids learn about money.

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