Non-Resident Nepali (NRN) Saving Account

Features of NRN Saving Account: 

• Minimum Balance: 1000 USD
• Any individual qualified by the laws of the Central Bank to open foreign currency (FCY) saving accounts in the following currencies: USD, EURO, GBP, AUD, CAD, CNY, YEN
• Debit Card: As per STC
• Mobile Banking & Internet Banking: As per STC
• Locker Facility:
  • Security Deposit Margin: As per STC
  • Annual fee:  50% waiver  
• Demat & Mero share: As per subsidiary STC
• Mode of Transfer:
  • Deposit and repatriation of the deposit amount can be done only through banking channel including swift and remittance through corresponding foreign bank.
  • Repatriation of the account is done only to the corresponding foreign bank account number registered in another foreign bank registered at the time of account opening
  • In case a customer requests to use the amount in local currency, settlement can be done in local currency upon receiving requests from the customer

Account Opening and KYC:

KYC updates and verification at the time of account opening or in the course of account maintenance can be done through digital medium.

Documents Required for Opening NRN Saving Account:

• Copy of valid passport
• One passport size photo
• Valid Non-Resident Nepali (NRN) identity card
• Completely filled saving account form

*Other terms and conditions to be applicable as per regular saving accounts.