Remittance IPO savings accounts in Nepal focus on empowering migrant workers to invest in their home country, secure their future, and easily apply for reserved IPOs under the 10% quota
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Features:
- Minimum Balance Rs 0.00
- Attractive interest rate
- Minimum Rs.50,000.00 must be remitted in this account within six months from the date of account opening to be eligible for the IPO application for migrant workers
- Deposit must be remitted from the same person and same country where he/she is working
- In the event that an account holder opens an account online without physically visiting the bank, the account will remain Debit Restricted until the customer visits the bank and completes the KYC (Know Your Customer) process
- Other than remitted amount, principal and interest of Remittance fixed account, and funds received from government bodies, no other funds can be deposited into this account .
