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Saving scheme for children by Nepal Investment Bank

Banks in Nepal
Nepal Investment Bank
previously Nepal Indosuez Bank Ltd., was established in 1986 as a joint venture between Nepalese and French partners. The French partner (holding 50% of the capital of NIBL) was Credit Agricole Indosuez, a subsidiary of one the largest banking group in the world.
Machha Puchchhre bank
registered in 1998 is the first commercial bank in the western part of the Kingdom of Nepal having head office in Pokhara
Bank of Kathmandu

Laxmi bank
Siddhartha bank limited
Offers US dollar saving account with high return

Nabil bank
Lumbini bank

Nepal credit & commerce bank
Standard Chartered
Nepal Investment Bank
Nepal merchant bank & fin.
Development credit bank

 

News item 21-8-2008

Nepal Investment Bank Ltd (NIBL) has brought out a Ketaketi Bachat Khata, for children below the age of 16. “They will get a Visa Electron debit card for free and also have access to various other benefits,” said a NIBL press release. The account attracts three per cent interest and can be opened at any branch of NIBL. The bank will deposit Rs 100 in the account and provide privilege cards, birthday cakes and discount offers to its juvenile customers at different shops catering to kids’ needs. To make children develop a habit of saving, NIBL has started the scheme.

 

Nepal Investment Bank homepage

 

Other banking news and articles:

Competition Nepali banking sector (3-11-2008)
NBL starts e-banking (10-6-2008)
Nepal bank back on track (16-11-2007)

Nabil Bank inaugurates nine new branches (13-11-2007)
More banks come into operations in Nepal (13-10-2007)
Sunrise bank starts operations (11-10-2007)

Everest bank starts mobile banking (27-9-2007)
Nepal Bank begins remittance service (26-9-2007)
Standard Chartered PLC to acquire American Express Bank (19-9-2007)
Excel Development Bank issues shares (20-8-2007)
Rastriya Banijya Bank reports profit (17-8-2007)
Nepal Stock Exchange suspends trading of Nepal Credit and Commerce Bank (30-1-2007)

Development Credit Bank results (29-1-2007)
agricultural development bank loans (24-1-07)
recovery plan for bad loans (1-1-07)

 

Easy money and Nepali loans

 

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