AlphaGrow Saving Account Encouraging Children to Build Strong Money Habits Early
18th November 2025, Kathmandu
The AlphaGrow Saving Account is a specialized financial product designed to instill strong money habits in children from an early age, helping minors under the age of 18 learn the fundamentals of saving, earning, and wealth creation.
AlphaGrow Saving Account
The account offers a structured environment for children to manage their allowance and gifts, with critical digital access and parental oversight to ensure safe and confident money management. This account is offered by Kamana Sewa Bikas Bank Limited in Nepal.
Core Objectives and Eligibility
The account’s primary objective is to transform small, intermittent deposits—such as allowance money or gifts—into meaningful long-term savings. The product is future-ready, combining traditional saving concepts with modern digital banking tools.
Eligibility: The AlphaGrow Saving Account is exclusively available for children and minors under 18 years of age.
Account Operation: A default debit restriction is placed on the account until the balance reaches NPR 105,000 (one lakh five thousand). This restriction is a key feature, strategically encouraging discipline and growth in the initial saving phase. Once the balance exceeds this threshold, the transaction restriction is lifted.
Minimum Balance: The account requires a minimum balance of NPR 5,000.
Key Financial and Digital Features
The AlphaGrow account is structured to offer competitive financial returns and modern banking conveniences, with certain services tied to the growth of the child’s savings.
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Interest Rate: Interest is earned at the bank’s published interest rate. As of the latest available information for Kartik 2082 (October 2025) from Kamana Sewa Bikas Bank Limited, the interest rate for the AlphaGrow Saving Account was 4.25% per annum. The interest is calculated on a daily basis and paid out quarterly.
Digital Access: The account provides free KS iMobile access, although its functionality is restricted to alerts and inquiries only to ensure secure parental oversight and prevent unauthorized transactions by the minor.
Advanced Services (Conditional): Value-added services, including a Debit Card, Demat account, and Meroshare registration, are available as per the bank’s standard terms and conditions (STC). Crucially, these services can only be used after the account balance has reached the NPR 105,000 mark. This mechanism serves as a tangible reward for achieving a significant saving goal.
Additional Benefits and Context
In addition to the core banking services, the AlphaGrow Account often includes other incentives aimed at promoting long-term financial security for the child.
Additional Incentives: Kamana Sewa Bikas Bank Limited provides an attractive piggy bank to each account holder upon opening. Furthermore, the product has previously been promoted with a benefit of Life Insurance coverage up to NPR 50,000 for a period of 15 years, with the premiums paid by the bank, subject to specific conditions. This insurance benefit offers an added layer of financial security for the child’s future.
Goal-Based Saving: The combination of debit restrictions and the conditional availability of financial tools (Debit Card, Demat, Meroshare) aligns the account perfectly with goal-based saving, making the journey of achieving the NPR 105,000 milestone a rewarding and educational experience for the child.
The AlphaGrow Saving Account is positioned as a comprehensive tool that utilizes security, incentives, and conditional access to instill financial literacy and discipline in the next generation.
For More: AlphaGrow Saving Account
