Children Savings Account in Nepal — Best Interest Rates & 2025
In Nepal, several banks and financial institutions offer special children savings account for minors with attractive interest rates, low (or no) minimum balance requirements, and banking conveniences such as internet banking, debit cards, and cheque books.
Parents often dream of giving their children a secure financial future, and nothing helps more than starting early. A children’s savings account (often called “Bal Bachat Khata”, “Kids Savings Account” or “Minor Savings Account”) allows you to deposit money for your child’s future needs (education, health, emergencies) and watch it grow over time.
Children Savings
Gurkhas Finance Limited
Interest Rate(P.A)
As of January 21
5.00%
Minimum Balance
Rs. 100
Children Savings
ICFC Finance Limited
Interest Rate(P.A)
As of January 21
3.80%
Minimum Balance
Rs. 100
Children Savings
Janaki Finance Co.
Interest Rate(P.A)
As of January 21
5.75%
Minimum Balance
Rs. 0
Children Savings
Jyoti Bikash Bank LImited
Interest Rate(P.A)
As of January 21
3.00%
Minimum Balance
Rs. 100
Children Savings
Kamana Sewa Bikash Bank Limited
Interest Rate(P.A)
As of January 21
3.00%
Minimum Balance
Rs. 0
Children Savings
Karnali Development Bank Limited
Interest Rate(P.A)
As of January 21
1.00%
Minimum Balance
Rs. 500
Children Savings
Krishi Bikash Bank Limited
Interest Rate(P.A)
As of January 21
4.00%
Minimum Balance
Rs. 0
Children Savings
Laxmi Sunrise Bank Limited
Interest Rate(P.A)
As of January 21
3.00%
Minimum Balance
Rs. 0
Children Savings
Lumbini Bikash Bank Limited
Interest Rate(P.A)
As of January 21
3.00%
Minimum Balance
Rs. 0
Children Savings
Machhapuchhre Bank Limited
Interest Rate(P.A)
As of January 21
3.00%
Minimum Balance
Rs. 0
Why Choose a Children’s Savings Account
- Many banks give higher interest rates and extra benefits on minor savings accounts better than regular savings accounts.
- A low or zero minimum balance keeps the account affordable for parents.
- Starting savings early builds financial habits from childhood and gives parents a simple way to plan for their child’s future (education, emergencies, long-term goals).
- Most banks include full banking facilities — online banking, ATM/debit card, cheque book, etc. — so a child’s savings account works just like a regular savings account.
What to Check When Choosing a Kids/Minor/Children Savings Account
- Interest Rate & Returns — Choose a children’s savings account that offers a competitive interest rate, so your savings grow over time. Always compare rates across different banks.
- Minimum Balance Requirement — A low or zero minimum balance makes regular deposits easy, even if you deposit small amounts — ideal when saving gradually for your child’s future.
- Banking Features & Convenience — Make sure the account offers services like online/mobile banking, a debit/ATM card, cheque-book, and account statements. These features give you flexibility and ease.
- Documentation & Account Opening — To open a minor savings (bal bachat khata) account, banks usually require the child’s birth certificate (or passport) and a valid ID of the guardian.
- When the Child Turns 18 — Many minor savings accounts convert to regular savings accounts once the child becomes an adult. Check each bank’s policy before you open the account.
- Bank Reach & Reliability — Choose a bank with good branch and ATM coverage, a strong reputation, and stable operations for easy access to funds over the long term.