Mahalaxmi Bikas Bank Issues Notice to Close Zero-Balance Accounts Inactive for 10 Years
9th July 2026, Kathmandu
Mahalaxmi Bikas Bank Limited has officially issued a critical public notification targeting long-term inactive account holders.
MBBL Zero-Balance Accounts Closure
The national development bank has announced that it will permanently close all zero-balance accounts that have registered zero transactional movements over the past ten consecutive years.
The operational directive serves as a part of the banking group’s ledger cleanup drive to clear stale accounts from its central database systems. The management emphasized that affected consumers must act within a designated grace period to safeguard their accounts from automated termination.
Regulatory Alignment with Nepal Rastra Bank Directives
The public notice has been drafted and enacted in strict accordance with the Nepal Rastra Bank Unified Directives 2082. The central financial regulator requires all licensed commercial and development banks to systematically address and manage long-dormant public accounts.
These regulatory policies are engineered to enhance system integrity and reduce potential operational vulnerabilities associated with unmonitored savings ledgers. By closing dormant profiles, the financial house ensures better compliance with national anti-money laundering and consumer identity verification frameworks.
Mandatory Reactivation Steps for Inactive Account Holders
According to the official communication guidelines, customers holding these specific zero-balance ledgers must complete physical reactivation protocols to maintain their service access. Account holders are requested to visit their nearest bank branch office to update their profiles.
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To fully restore an inactive profile, users are required to deposit the minimum balance amount required by their specific savings product tier. Additionally, clients must provide updated identity validation papers to clear any outstanding internal risk assessment blocks.
Timeline for Permanent Account Termination
The development bank has granted consumers a definitive fifteen-day notice window starting from the formal publication date of the circular. This administrative timeline gives consumers a brief opportunity to evaluate their previous banking records and execute necessary data revisions.
Accounts that fail to register any verified transactional or documentation updates by the expiration of the deadline will face permanent system deactivation. Once closed under these regulatory guidelines, the respective ledger numbers cannot be used for future financial routing.
Digital Verification Channels for Bank Customers
To facilitate a smooth verification process, Mahalaxmi Bikas Bank Limited has uploaded a complete registry of targeted zero-balance accounts onto its digital platforms. Account holders can check whether their personal profile is listed for termination by visiting the bank’s official website.
For clients requiring additional administrative guidance or individual balance updates, the organization has activated dedicated support desks. Customers are encouraged to contact regional customer care representatives or visit local branch desks to resolve pending profile restrictions.
The executive board of Mahalaxmi Bikas Bank Limited strongly urged all its clients to take timely corrective action regarding their dormant funds. Completing these regulatory updates early helps consumers protect their long-term financial relationships and guarantees continuous access to secure retail banking amenities across the country.
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