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
Shine Resunga Development Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
3.00%3.00%
Minimum Balance
Rs. 100Rs. 1
The SRDBL Salary Saving Account is a specialized product designed for salaried employees to conveniently receive salaries and financial benefits, processed through the bank.
Interest Rate
Interest Rate: 3% p.a.
Minimum Balance: NPR 100
Eligibility
Salaried/Wages-based employees of SRDBL.
Minimum Balance and Interest Rate
Minimum Balance: NPR 100
Interest Rate: As determined by the ALCO (Asset-Liability Committee) of the bank from time to time.
Interest Payment Frequency: Quarterly on daily closing balance.
Documentation
As per the Operation Policy, AML & CFT policy, and NRB Directives.
Waiver
Free Mobile Banking, Debit Card, and Internet Banking services.
No security deposit required for locker facility for permanent staff of SRDBL.
The SRDBL Salary Saving Account provides a comprehensive banking solution for employees, offering attractive features like quarterly interest payments, free digital banking services, and convenient access to banking facilities
Salary Account
Siddhartha Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
3.05%
Minimum Balance
Rs. 0
The Siddhartha Super Salary Account offers a seamless solution for organizations looking to manage employee salaries efficiently. It is designed to streamline the salary processing cycle, ensuring faster and more accurate reconciliation, along with several benefits for both the organization and employees.
Features & Benefits
Features:
Zero balance account opening
Attractive interest rate on daily balance
Benefits:
Free cheque book issuance
Free Uno Credit Card
Free Siddhartha BankSmart XP and SMS alert facility for the first year
Free Debit Card for the first year
Free Any Branch Banking Services (ABBS)
Free account statement for the first time
Free cash withdrawal from any bank’s ATM within Nepal
The Siddhartha Super Salary Account ensures efficient salary management for your employees while offering attractive banking services to enhance their financial experience.
Salary Account
Sindhu Bikash Bank Limited
Bankrate Nepal Review
N.A
Interest Rate(P.A)As of February 4
3.80%
Minimum Balance
Rs. 0
Sindhu Bikash Bank offers the Karmachari Salary Savings Account, designed specifically for employees. It comes with a number of convenient features and benefits, providing efficient banking solutions for salary management.
Features:
No minimum balance requirement
Easy access to salary deposits and withdrawals
About Sindhu Bikash Bank:
Sindhu Bikash Bank is a development bank in Nepal, offering a wide range of financial services and products including:
Fixed deposits
Home loans
Education loans
The bank’s head office is located in Barhabise Bazar, Barhabise, and its corporate office is in Gyanasu Bhawan, Banepa. The current CEO of Sindhu Bikash Bank is Suresh Devkota.
Other Information:
Savings accounts offered by the bank include:
Sindhu Maha Bachat Khata
Bal Balika Bachat Khata
Jestha Nagarik Samman Bachat Khata
The bank also offers remittance savings accounts and business term loans to cater to different financial needs.
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.
