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Home › Frequently Asked Questions


Deposit Products


    Karmashil Bachat Khata(KBK)

  1. Who is eligible to open KBK?
    Any individual who is a student / works for a firm or company / retired professional / farmer

  2. What is the mode of interest calculation?
    It is on a monthly minimum balance.

  3. What are the documents required?
    • Citizenship Certificate
    • ID card
    • 2 PP size photographs
  4. Can a person working in small shops or unorganized sector open KBK?
    Of course they can. All they need is a letter from the owner stating that he is an employee.

  5. Are there account maintenance fees?
    There are no account maintenance fees.


    Shareholders Savings Account

  6. Who is eligible to open this account?
    All shareholders of NIC Bank can open this account

  7. Can minors open this account?
    Yes, minors can open this account but only under somebody's guardianship.

  8. Do minors also get insurance facility?
    No. However they will automatically qualify for the facility once they reach 16 years.

  9. What are the documents required?
    The following documents are required for opening this account:
    • Citizenship Certificate
    • 2 PP size photograph
    • Share Certificate


    NIC Sikshya Kosh

  10. What is the benefit of opening this account?
    This account will help you save every possible penny today and help you secure your child's future through its good returns.

  11. Who are eligible to open this account?
    This account can be opened in the name of any individual who is below the age of 18 years under the guardianship of parents.

  12. What are the documents required to open this account?
    Following documents are required while opening this account
    • Birth Certificate/ Hospital Slip or Valid School ID Card containing the child's Date of Birth
    • 1 PP size photograph of the child
    • 1 PP size photograph and a copy of citizenship certificate of the guardian
    • In case the guardian is any one other than the parents , A copy of 'Relationship Verification Certificate' (Nata Pramanit) has to be submitted.

    Business Account (NBA)

  13. What is NIC Business Account (NBA)?
    NIC Business Account (NBA) is an interest bearing account aimed at businesses. It is being targeted to Proprietorship firms, Enterprises, Partnership Firms, Private / Public Limited Companies, etc. who maintain/have a need for opening the accounts with bank.

  14. Who are eligible for NBA and how can one open this account?
    Any Proprietorship firms, Enterprises, Partnership Firms, Private / Public Limited Companies can open this account. One can open NBA by simply filling an application form supported with the following documents:
    • Copy of citizenship certificate or passport or driving license, Voters ID card of Proprietor/Partner/Director/Mandate.
    • Copy of company Registration Certificate, Memorandum and Article of Association, Board Resolution regarding opening and operations of account, mandate & PAN/VAT in case of company.
    • Copy of firm Registration, VAT/PAN Registration and Partnership deed incase of Partnership firm.
    • Copy of firm Registration and VAT/PAN Registration in case of Sole Proprietorship firm.

  15. What are the benefits of NBA?
    One can get following benefits by opening an NBA
    • Account can be opened with minimum balance of Rs 1000 only and can get the cheque book also
    • Interest on daily balance up to 3% p.a.
    • Free ABBS facility with in Kathmandu valley branches and up to Rs 2, 00,000 per day outside Kathmandu valley branches.
    • Free Telephone/mobile bill payment facility
    • 50% discount on locker, DD, ATM/Debit Cards and TC issuance charge to firm/companies and/or proprietor/partners/directors/staff on the recommendation of firms/companies.
    • Salary management solutions

    NIC Life Savings Account (NLS)

  16. What is NIC Life Saving Account (NLS)?
    NLS is a saving account bundled with life insurance coverage of Rs 1, 00,000 and accident insurance coverage of Rs 2, 00,000 of the account holder with attractive interest rate of up to 5% p.a and many more benefits.

  17. How can one open this account?
    One can open NLS account by simply filling an application form supported with the following documents:
    • Passport size photo(s)
    • Copy of any of the following:
    • Certificate of Citizenship/Passport/Driving License
    • For Minors copy of Birth Certificate/Certificate of Relationship.
    • Complete Insurance Declaration Form.

  18. What are the benefits of NLS?
    One can get following benefits by opening NLS account.
    • Free Life Insurances of Rs. 100,000 with Rs. 200,000 of accident cover
    • Free Complete health checkup at Norvick International Hospital
    • Free ATM card issuance.
    • Free any Branch Banking Facility.
    • Free inward remittances.
    • 25% discount on Locker Facility (subject to availability)
    • 50% discount on Draft issuance
    • 50% discount on Travelers Cheque Issuance

  19. Can this account be opened jointly?
    Yes, this account can be opened jointly.

  20. How is the insurance covered in case of joint account ?
    If the account is opened jointly, one should nominate other for the coverage of insurance.

    Current Account

  21. Who can open a Current Account?
    Organizations, companies, proprietorship firms, partnership firms, trusts, social organizations and individuals are eligible to open a current account.

  22. What are the documents required for opening this account?

    Document Required:
    • Duly Filled up Banks Account Opening Form
    • KYC Enquiry Form
    • 2 copies of photographs
    Copy of:
    • Citizenship certificate or passport or driving license, Voters ID card of Proprietor/Partner/Director/Mandatee.
    • Company Registration Certificate, Memorandum and Article of Association, Board Resolution regarding opening and operations of account, mandate & PAN/VAT in case of company.
    • Firm Registration, VAT/PAN Registration and Partnership deed incase of Partnership firm.
    • Firm Registration and VAT/PAN Registration in case of Sole Proprietorship firm.
    • Income source as per our KYC procedure and customers declaration for deposit of Rs 1 mn above

  23. What do I get by opening this account?
    You get the benefit of flexibility to deposit and withdraw unlimited funds according to your business needs. You also get your free account statement that is recognized internationally.

    Call Account

  24. Who can open a Call Account?
    Organizations, companies, proprietorship firms, partnership firms, trusts, social organizations and individuals are eligible to open a call account.

  25. What are the documents required for opening this account?

    Document Required:
    • Duly Filled up Banks Account Opening Form
    • KYC Enquiry Form
    • 2 copies of photographs
    Copy of:
    • Citizenship certificate or passport or driving license, Voters ID card of Proprietor/Partner/Director/Mandatee.
    • Company Registration Certificate, Memorandum and Article of Association, Board Resolution regarding opening and operations of account, mandate & PAN/VAT in case of company.
    • Firm Registration, VAT/PAN Registration and Partnership deed incase of Partnership firm.
    • Firm Registration and VAT/PAN Registration in case of Sole Proprietorship firm.
    • Income source as per our KYC procedure and customers declaration for deposit of Rs 1 mn above

  26. What do I get by opening this account?
    You get the benefit of flexibility to deposit and withdraw unlimited funds according to your business needs with interest to be earned on daily balance. Your idle money will generate extra income for you. You also get your free account statement that is recognized internationally.


    Fixed Deposit Account

  27. Who can open a Fixed Deposit Account?
    Organizations, companies, proprietorship firms, partnership firms, trusts, social organizations and individuals are eligible to open a fixed deposit account.

  28. What are the procedures for opening this account?
    After opening a fixed deposit account, the account holder gets the privilege to open a current, call or savings account. The interest calculated of the fixed deposit account is accumulated in these operative accounts.

    The accountholder can enjoy all the benefits of the operative accounts even if the accounts are opened through fixed deposit account.

  29. What are the documents required for opening this account?

    Document Required:
    • Duly Filled up Banks Account Opening Form
    • KYC Enquiry Form 1 for deposit above Rs. 1 Million
    • 2 copies of photographs
    Copy of:
    • Citizenship certificate or passport or driving license, Voters ID card of Proprietor/Partner/Director/Mandatee.
    • Company Registration Certificate, Memorandum and Article of Association, Board Resolution regarding opening and operations of account, mandate & PAN/VAT in case of company.
    • Firm Registration, VAT/PAN Registration and Partnership deed incase of Partnership firm.
    • Firm Registration and VAT/PAN Registration in case of Sole Proprietorship firm.

  30. What do I get by opening this account?
    You get the benefit of high interest that is accumulated in the operative accounts. You can always enjoy the interest accumulated plus other benefits that comes with the operative accounts.

    Mero Bachat (MB)

  31. Who is eligible to open MB?
    Any Nepali individual with valid document can open this account.

  32. What are the benefits of MB?
    No complex requirements and easy to operate. This saving account is interest bearing and can be opened with a minimum balance of just Rs. 10. It serves the purpose of savings as well as the requirement of account opening for IPO's.

    The accountholder can enjoy all the benefits of the operative accounts even if the accounts are opened through fixed deposit account.

  33. What are the documents required?

    Document Required:
    • Duly Filled A/C opening form
    • KYC Form
    • Citizenship Certificate / Driving License / ID Card
    • 2 PP size photographs


    Savings Plus

  34. What is NIC Savings Plus?
    A high- interest bearing savings account with interest on daily balance and it can be opened with just Rs. 25,000.

  35. What are the documents required?

    Document Required:
    • Duly filled A/C opening form
    • KYC Form
    • Citizenship Certificate / Driving License / ID Card
    • ID card

  36. What is the interest rate and facilities in this product?
    • Interest rate upto 6.5% p.a.
    • Free ABBS facilities
    • Debit card issuance fee: Rs 250 ( for 2 years)


    NIC Social Account

  37. What is NIC Social Account (NSA)?
    NIC social account is an interest bearing account aimed at NGO / INGO / Association / Trust / Clubs / Hospital / Education Institutions / Communities. It is being targeted to non - profitable organizations that have a need for opening the accounts with bank.

  38. Who are eligible for NSA and how can one open this account?
    Any NGO / INGO / Association / Trust / Clubs / Hospital / Education Institutions / Communities can open this account. One can open NSA by simply filling an application form supported with the following documents:
    • Duly filled up Banks Account Opening Form
    • KYC Enquiry Form
    • 2 copies of photographs
    • Copy of Citizenship certificate/ passport/ driving license/ Voters ID card of Proprietor/Partner/Director/Mandate
    • Valid Registration Certificate and additional document e.g. Memorandum and Article of Association/ constitution/ Board Resolution regarding opening and operations of account, mandate shall be obtained from NGO, INGO, School, Trust etc as applicable

  39. What are the benefits of NSA?
    One can get following benefits by opening an NSA;
    • Account can be opened with minimum balance of Rs 1,000 only and get the cheque book
    • Interest on daily balance up to 3% p.a.
    • Free ABBS facility with in Kathmandu valley branches and up to Rs 2,00,000/- per day outside Kathmandu valley branches.
    • Free Telephone/mobile bill payment facility
    • 50% discount on locker, DD, ATM/Debit Cards and TC issuance charge to firm/companies and/or proprietor/partners/directors/staff on the recommendation of firms/companies.
    • Salary management solutions

    NIC Happy Savings Account?

  40. What is NIC Happy Savings Account?
    NIC Happy saving account is an exclusively high interest bearing new savings account targeted to all individual.

  41. What are the features of NIC Happy Savings Account?
    • Initial deposit of Rs 1,000. (Eligible for interest once balances reaches to Rs 50,000)
    • Interest rate 6.5% p.a. on daily balance, interest payable quarterly
    • Special additional 0.5% p.a. interest (i.e.7.0% p.a.) for women and senior citizens above 58 years.
    • 50% discount on locker security deposit
    • Free SMS Banking
    • Internet Banking Facility
    • Free Account statement
    • Free Balance Certificate
    • Free ABBS Facility (Up to Rs 1 million per day)
    • ATM Card and cheque book facility

  42. What are the documents required to open this account?
    Document Required:
    • Duly filled A/C opening form
    • KYC Form
    • Citizenship Certificate / Driving License
    • ID card


    NIC Super Deposit

  43. What is NIC Super Deposit Account?
    NIC Super Deposit account is a fixed deposit account that can be opened with any amount in multiples of Rs. 1000.

  44. Who are eligible for NIC Super Deposit Account?
    • Any Nepali individual with valid document can open this account.

  45. What are the benefits of NIC Super Deposit?
    One can get following benefits by opening an NIC Super deposit?
    • Account can be opened with multiple of Rs. 1000.
    • High interest bearing Fixed Deposit of 10% p.a. for 3 years and 11% p.a. for 5 years.
    • Withdrawal facility upto 90% after 3 months


    NIC Corporate Super Account

  46. What is NIC Corporate Super Account?
    A high yield interest bearing account on daily balance with unlimited deposit and withdrawal facilities for organizations.

  47. What are the benefits of NIC Corporate Super Account (CSA)?

    It is an interest bearing account with features of current account. Interest rate on CSA is upto 6% p.a. on daily balance, account can be opened with just Rs. 100,000/- and free ABBS facility.

  48. What are the documents required for opening this account?
    Document Required:
    • Duly filled A/C opening form
    • KYC Form
    • Citizenship Certificate / Driving License
    • ID card
    Copy of:
    • Citizenship certificate or passport or driving license, Voters ID card of Proprietor / Partner / Director/ Mandatee.
    • Company Registration Certificate, Memorandum and Article of Association, Board Resolution regarding opening and operations of account, mandate & PAN/VAT in case of company.
    • Firm Registration, VAT/PAN Registration and Partnership deed incase of Partnership firm.
    • Firm Registration and VAT/PAN Registration in case of Sole Proprietorship firm.
    • Income source as per our KYC procedure



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