NRN Deposit product is specially designed to cater Non Resident Nepalese considering their specific requirements.
Last Updated Date: May 16, 2022
Sanima bank is one of the developed, strong and reliable banks promoted by the prominent and dynamic businessmen of the Non-Resident Nepalese (NRNs). It obtained an operating license from Rastra Bank of Nepal and started operating in 2004. Sanima Bank has 27 full-fledged branches inside and outside the Kathmandu valley to provide its customers with a banking financial solution and plans to develop even more facilities in different parts of the country. Sanima Bank Limited started its activity in 2004 as a National Level Development Bank. Sanima got the working permit from Nepal Rastra Bank to work as A Class Commercial Bank in 2012. Sanima has 79 undeniable branches and one expansion counter inside and outside the Kathmandu Valley and has further designs to extend its scope in the different piece of the nation.
Documents required NRN (Non Resident Nepalese) Saving Account :
Non-resident Nepalese (NRN) refers to both the foreigners with Nepalese origin whose parents or grandparents were once the citizen of Nepal and has subsequently acquired citizenship of a foreign country This term also refers to the Nepalese people residing in a foreign country for more than two years in the process of pursuing profession, occupation, business or employment in any foreign country other than SAARC member countries. The Government of Nepal has enacted Non-resident Nepalese Act, 2008 and Non-resident Nepalese Rules, 2010 with a view to motivate non-resident Nepalese to take part in the all round development of the country through enhancement of attachment towards Nepal. These legal provisions have opened the vistas of opportunities to the NRNs to contribute in the socio-economic development of the country while guaranteeing certain rights and charting responsibilities to them. NRN of both categories are encouraged to obtain the NRN identity card to enjoy benefits as prescribed in NRN Acts and Rules. NRN Deposit product is specially designed to cater Non Resident Nepalese considering their specific requirements. For extending specialized banking service to the NRNs under the Act.
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