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Sunrise Bank launches saving scheme for children

Banks in Nepal
Sunrise Bank
Founded by reputed entrepreneurs of Nepal, Sunrise Bank Limited (SrBL) has entered the banking industry of the country with a sizeable capital base. Powered by a well experienced and professional management team, the Bank is completely geared for managing banking needs of all.

Sanima Bikas Bank Limited
established in 2004 by the enterprising and dynamic Non Resident Nepalese (NRN) with a vision to mobilize required resources for the national development process. Sanima is the first private sector national level Bikas Bank in the country to be capitalized at NPR 320 million (equivalent to USD 4.5 million).
Nic bank - life savings account

NIC Life savings account for ensuring of your savings, high return & your financial & personal security
Lumbini bank
Children's Development Bank
The Children's Development Bank (CDB) gives children the change to safe their money in a safe way. CDB is a school for learning management, participatory, democracy, leadership, and accountability.
Nepal Investment Bank
Laxmi bank
Machha Puchchhre bank
Nepal credit & commerce bank

 

News item 1-1-2008

Sunrise Bank Ltd, the 22nd commercial bank, brought a new product Sunrise Bal Bachat Kosh (SrBBK), today targetting children under 16 years of age. "The scheme will encourage saving habit in children," Kishore Maharjan, chief executive officer (CEO) of the bank, said adding Sunrise Bal Bachat Kosh (SrBBK) offers more interest than any other saving schemes. "A deposit upto Rs 25,000 will attract 4.5 per cent interest rate, while a deposit from Rs 25,001 to Rs 1,00,000 will attract 4.75 per cent interest rate. Similarly, a deposit above Rs 1,00,000 will attract five per cent interest rate," he said. The special feature of the scheme is that there is no fixed minimum amount for opening this account. The scheme holder will get accident insurance upto Rs 5,00,000 or four times of the deposit balance whichever is lower. Similarly, the children will get special birthday gifts. "The bank has already collected a deposit of Rs 1.5 billion and dispersed Rs 1 billion," Maharjan added. The bank has promised various facilities even after the maturity of the account after 16-year. “We will provide discounts on carious services that the bank offers to them,” he said.

More information about the Sunrise Bank

 

Other banking news and articles:

Sunrise bank in Gabahal Lalitpur (27-6-2008)
Banepa, city of banks (16-12-2007)
Vibor Bikas Bank launches Vibor Super Yield Deposit (14-12-2007)
Makwanpur Agriculture Development Bank provides new loans for unemployed (29-11-2007)
Garima Development Bank Limited opens in Waling Bazaar (24-11-2007)
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)
Nepal Merchant Banking and Finance to become a commercial bank (19-10-2007)
Sunrise bank starts operations (11-10-2007)

Standard Chartered PLC to acquire American Express Bank (19-9-2007)
Excel Development Bank issues shares (20-8-2007)
birat laxmi development bank issues shares (8-8-2007)
Citizens Bank International kicks off commercial operation (21-4-2007)
Merger of Nepal Bangladesh Bank, Nepal Sri Lanka Merchant Bank and NB Finance Ltd  (8-2-2007)

Nepal Stock Exchange suspends trading of Nepal Credit and Commerce Bank (30-1-2007)
Buddha on bank notes (25-1-2007)
Rastriya Banijya Bank privatisation (23-1-2007)
recovery plan for bad loans (1-1-07)

 

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