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.
• Remit CRN:  The account holder will receive a unique CRN number, which is only given to Nepalese nationals who work abroad with all valid documents and transfer money to Nepal through legal channels.
• Interest rate:  https://www.kumaribank.com/interest-rate-deposits

*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 evidence of employment related documents:
  • Valid Passport
  • Valid Visa
  • Valid work permit
  • For remit CRN, the customer must have received the NPR 50,000 or more within 6-6 months in the form of remittance in his/her account sent from his/her labor-permitted country.
  • 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.

Requried Documents

• Copy of Citizenship or Valid Passport
• Valid  Visa, Valid work permit
• NID card or NID number
• Mobile number verification - screenshot in case of nepalese mobile number
• PP Size photo