Are you still unbanked ? Are you one of those who have no bank account with any bank? In nepal though bank have reached in most of the rular area, data shows that there are still many people who have no bank account with any bank. Considering unbaked population of Nepal NRB issued a new circular on Bank account opening campaign (#खोलौ_बैंक_खाता) as on 10th April 2019(2075/12/27) for BFI class A, B & C.
NRB came up following provision to be followed by all BfI on said campaign:
NRB came up following provision to be followed by all BfI on said campaign:
1) KYC and related provision of Bank account opening campaign 2076:
As per this campaign to open bank account for all Nepali unbanked natural person following criteria and process should be obtained for KYC and confirmation.
👉 As per this provision BFI shall use simplified account opening form to open a bank account. Under this provision it is mandatory to obtain no multiple banking declaration during opening a bank account.
👉 For KYC and other confirmation should be based on citizenship certificate or Passport or election ID card with photo or National ID card or Driving license or Government issued photo ID or letter containing photo issued by local authority.
👉The maximum transaction limit shall be 1 lakh. KYC and other related confirmation should be obtained if transaction limit crosses 1 lakh.
As per this provision BFI can make deposit of Rs 100 after opening the bank account.
Concluding...
NRB though this circular intended to attract all those Nepalese who still have no account with any bank. Now question arises will this circular impact positively and attract all those who have been remained unbanked? So as for this campaign BFI needs to use a simplified account opening form and bank shall deposit Rs100 in all those account meeting above criteria may attract those people towards banking. Certainly this is good step towards the vision of financial conclusion, and this will help to bring those unbanned population into banking Chanel!