Salary account rates Nepal offer more unique benefits and features that a savings account cannot offer. Salary account offers a higher interest rate with zero balance requirements. It mainly focuses on the salaried employees for receiving a monthly income from the organisation.
Salary Account
Pokhara Finance Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
4.40%4.40%
Minimum Balance
Rs. 0Rs. 0
N.A
Salary Account
Prabhu Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
3.00%
Minimum Balance
Rs. 0
The Salary Savings account is a personal banking product designed to meet the needs of salaried individuals, offering a range of benefits and features that ensure efficient salary management.
Required Documents
Duly Filled Account Opening Application
Copy of Valid ID Card (Citizenship, Driving License, Voter ID, etc.)
Recent Passport-size Photograph
National ID Card
Copy of Employee ID Card
Address Certification Documents (if applicable)
Eligibility
Salaried Individuals
Special Features
Minimum Balance: NPR 0
Competitive Interest Rate
Free ABBS Charge for transactions up to NPR 1 million
50% Waiver on Locker Annual Fee
Discounts on Other Charges
This Salary Savings account provides convenient banking for salaried employees, with zero minimum balance, attractive interest rates, and exclusive discounts on various banking services.
Salary Account
Prime Commercial Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
4.95%4.95%4.95%3.00%
Minimum Balance
Rs. 0Rs. 0Rs. 0Rs. 0
N.A
Salary Account
Progressive Finance Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
3.50%
Minimum Balance
Rs. 1,000
N.A
Salary Account
RBBRastriya Banijya Bank
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
3.25%3.25%3.25%
Minimum Balance
Rs. 0Rs. 0Rs. 100
N.A
Salary Account
Reliance Finance Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
4.50%
Minimum Balance
Rs. 0
The Reliance Swabhalambhi Khata is a premium savings product specifically designed to provide financial solutions for payroll management within organizations, backed by attractive services.
Features
Minimum Balance: Zero at the time of account opening
Interest Rate: 4.50%
Free Cheque Book Issuance
Free ATM Card Issuance for the first year
Free Mobile Banking for the first year
Free Any Branch Banking (ABBS) facility
Preferential Rates on Professional and Retail Loans
Group Personal Accident Benefit:
Accidental Death and Total Permanent Disability coverage up to NPR 3 Lakhs
Coverage for 18 Critical Illnesses up to NPR 1 Lakhs
Conditions:
To avail of Group Personal Accident Benefit and Coverage for Critical Illnesses, account holders must maintain a minimum balance of NPR 10,000 at all times.
Eligibility Criteria
Payroll Management: Can be opened for the management of payroll by organizations.
Individual Eligibility: Available to individuals working in any kind of organization, including private, public, government, etc.
This Reliance Swabhalambhi Khata offers an ideal solution for organizations and their employees, with multiple benefits, including financial protection and exclusive banking services.
Salary Account
Salapa Bikas Bank
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
5.50%
Minimum Balance
Rs. 500
N.A
Salary Account
Sambriddhi Finance Company Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
4.50%5.50%
Minimum Balance
Rs. 0Rs. 0
The Samriddhi Salary Savings Account is a salary account specifically designed to offer a range of financial services to government, non-government, and other institute and corporate employees.
Special Benefits
Minimum Balance: NPR 100
Attractive Interest Rate
Free Issuance of Cheque Book
Free Issuance of Samriddhi Debit Card
Free ABBS/SMS Alert & Mobile Banking
IPS & Connect IPS Facilities
Documents Required
Duly Filled Account Opening Form
Citizenship / Passport
Passport-size Photograph
Location Map of Residence
Other KYC Information as applicable
Instruction of the Corporate Customer
The Samriddhi Salary Savings Account ensures convenient salary management while providing exclusive benefits to employees across various sectors, with user-friendly digital banking features and attractive rates.
Salary Account
Sanima Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
4.04%3.04%3.04%
Minimum Balance
Rs. 0Rs. 0Rs. 0
N.A
Salary Account
Shangrila Development Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
3.50%3.00%3.00%
Minimum Balance
Rs. 0Rs. 0Rs. 500
The Shangri-la Salary Saving Account is designed for individuals whose salary is processed through the bank. This account is opened upon request from the firm, business house, or any authorized institution by the Government of Nepal.
Interest Rates
Interest Rate: Up to 3.00% p.a
Minimum Balance: NPR 500
Eligibility
Age: Minimum 18 years and maximum 65 years
The employer (Government or Non-Government) must hold a current account with the bank.
The applicant must be an employee of the organization that has an account with the bank and the salary must be processed through the bank.
Nepali Citizens or Foreign Nationals holding a valid identity card are eligible.
Conditions Applied: Based on the bank’s terms.
Features
Unlimited Withdrawals: In accordance with operational manuals and NRB Directives.
Interest Calculation: On a daily basis, posted quarterly.
Free Cheque Book Issuance
Free ATM/Mobile Banking/Internet Banking for the first year.
The Shangri-la Salary Saving Account provides flexible access to funds with digital banking benefits and free services for employees across various sectors.
Process required for creating a salary account in Nepal
Understanding salary accounts in Nepal is crucial for salaried employees who want to maximise their banking benefits. A karmachari bachat khata (employee savings account) differs significantly from regular savings accounts, offering superior interest rates without minimum balance penalties. If you’re wondering how to open a salary account in Nepal or what documents are required for salary account opening, the process is straightforward. You’ll need your citizenship certificate, employment letter, and salary certificate from your employer.
The biggest advantage of corporate salary accounts is the instant overdraft facility without collateral. Most banks provide 2-5 times your monthly salary as overdraft credit, perfect for emergencies. Additionally, salary account holders get loan discounts ranging from 0.5% to 1.5% on personal loans, home loans, and vehicle loans, potentially saving tens of thousands of rupees over the loan tenure.
Frequently Asked Questions
To open a salary account Nepal, visit the bank partnered with your employer and submit citizenship, photos, and an employer’s salary letter. Most banks offer zero-balance salary account opening in Nepal.
Salary account rules in Nepal require regular salary credit from the employer. If the salary stops, the salary account in Nepal may be converted into a savings account.
The best salary account in Nepal offers zero balance, free ATM, mobile banking, and salary loans. Banks with employer tie-ups usually provide better salary account benefits in Nepal.
A salary account in Nepal is the most suitable account for salaried employees. It is designed for a monthly income credit with minimal banking charges
The four types of bank accounts in Nepal are savings, current, fixed deposit, and salary account Nepal. Each account serves different financial needs.
A salary account Nepal is better for salaried employees due to zero balance and added benefits. A savings account is suitable for individuals without regular salary income.
