Features of Kumari Remit IPO Saving Account:

• Minimum Balance:- NPR 1,000/-
• Can open additional savings account as operating account  (As per Bank's norms)
• Cash deposit from bank's counter are restricted.

*Conditions applied

Eligibility Criteria: 

• Any Nepalese citizen with a source of income in a foreign country may open a Kumari Remit IPO Savings Account by submitting the relevant documents listed below:
• Evidence of employment-related documentation, such as a passport, visa, and valid work permit.
• The account holder must meet the following requirements in order to be qualified for an IPO application through Remit IPO:
• They must have received NPR 50,000 or more within the previous six months as of the IPO application date.
• Must have transfer the necessary funds from the sendor's working country to the same remittance account through a valid remittance medium (such as SWIFT, wire transfers, international money transfers, etc.).
• The sender and account holder must be the same person.