Lumbini Bikas Bank Launches Bal Surakshya Bachat to Secure Childrens Future
29th September 2026, Kathmandu
Lumbini Bikas Bank Limited has introduced Bal Surakshya Bachat as a specialized savings deposit product for minors.
Bal Surakshya Bachat Khata
Designed specifically for kids and children, this scheme encourages parents and guardians to start setting aside funds early in their child life. Early financial planning helps families handle rising costs associated with higher education and long term milestone expenses.
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Core Objectives of Bal Surakshya Bachat
- Promotes disciplined saving habits among families and young account holders
- Broadens cross selling opportunities for banking and wealth services
- Strengthens the total deposit mix of the bank through stable retail savings
- Reduces institutional reliance on volatile corporate and call deposit funds
Eligibility Criteria and Account Management
This product is structured as a personal individual deposit account opened specifically in the name of children below 18 years of age. Parents or legal guardians operate and manage the account on behalf of the minor until the child reaches adulthood.
Key Benefits for Depositors
- Dedicated long term financial pool created specifically for educational needs
- Free on demand account statements to track account growth easily
- Reliable alternative to short term volatile savings options
Essential Documentation Requirements
- Birth certificate of the child
- Official government issued citizenship certificate or passport of the parent or guardian
- Passport sized photographs of both the child and the parent or guardian
- Official signature of the parent or guardian
Building Long Term Financial Security
Bal Surakshya Bachat provides parents across Nepal with a structured mechanism to build a dedicated education fund for their children. By starting early, families can manage future academic expenses smoothly while building lasting financial resilience.
For More: Bal Surakshya Bachat Khata
