NMB Bank
Overview

Your child deserves one education plan that grows along with your child.
As a parent your responsibilities to your child are many. We understand how important education is in your priority list. NMB Bank Education Plan is a recurring plan, designed to help you save for your child’s financial need of the future. Make yourself a proud parent today and tomorrow.

Eligibility
Documentation
  • Completely filled Personal Account Opening Form
  • Birth certificate
  • Parents account compulsory
  • Copy of citizenship certificate of parent
  • One passport size photograph of parent and child
Features
  • Plan period of 3 to 15 years
  • Eligible age 0 to 12 years
  • Interest rate: Link
  • e-banking Facility
  • Free Mobile Banking Subscription
  • Facility to transfer monthly deposit from parents to child’s account
  • Discount on Education Loan interest and processing fee
  • Minimum monthly deposit Rs. 500
  • Fixed Rate of return on your deposit
FAQ
Ans: In case you do not pay an installment, it becomes due. You can pay it along with the next installment. If you fail to pay the installment for 3 months, your account will be closed.
No, it cannot be opened in joint names.
The minimum amount is NPR 500, whereas there is no limit to the maximum amount.
No, an overdraft facility is not allowed in this account.
No, you cannot choose the installment date. It is the 5th of every month as per the Gregorian calendar.
Rates & Fees
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