Kumari Premium Salary Account: Premium Benefits for Employees
31st October 2025, Kathmandu
Kumari Bank Limited is positioning its Kumari Premium Salary Account as a highly attractive, specialized banking solution, explicitly tailored to provide comprehensive financial benefits, convenience, and security to the employees of corporate organizations across Nepal.
Kumari Premium Salary Account
This premium offering is strategically designed for businesses seeking to streamline their salary management processes while simultaneously offering a valuable perk to their staff members. To qualify for this scheme, an organization must maintain a staff count of at least 15 employees, making it an ideal, dedicated payroll solution for a wide range of small to medium-sized enterprises (SMEs) and larger corporations.
Zero Balance Accessibility and Key Financial Benefits
The foundation of the Kumari Premium Salary Account is its accessibility and cost-effectiveness. It can be opened with a zero minimum balance requirement, removing a common barrier to entry and ensuring that all eligible employees can easily participate regardless of their salary level. This account is linked to a comprehensive suite of financial services and premium benefits that are notably designed to provide maximum value, particularly during the first year of operation.
Premium Digital Convenience: Recognizing the rapid shift to digital banking in Nepal, the account offers the crucial features of Mobile Banking and Internet Banking completely free for the first year. This ensures employees can immediately enjoy seamless and secure access to banking services, bill payments, and fund transfers on-the-go. While charges apply from the second year onward as per the bank’s Standard Terms and Conditions (STC), the initial waiver encourages digital adoption.
Card Services and ATM Freedom: The Debit Card issuance is free for the first year, with subsequent charges levied as per STC. Crucially, account holders benefit from free cash withdrawals from any ATM across Nepal. This inter-bank ATM fee waiver is a significant benefit, offering employees ultimate freedom and convenience in accessing their funds without geographical or network restrictions. The associated Credit Card also boasts a free joining fee and a free annual fee for the first year, enhancing employee purchasing power and financial flexibility.
Exclusive Premium Perks and Insurance Security
Beyond routine banking services, the Kumari Premium Salary Account distinguishes itself by offering valuable insurance coverage and exclusive service discounts that add a layer of financial security for the account holder and their family.
Substantial Insurance Coverage: A core benefit of the account is the built-in insurance provision, which offers coverage up to NPR 700,000 for Accidental Death and Permanent Total Disability. This coverage acts as an essential financial safety net, providing critical support to the employee’s family in the unfortunate event of a debilitating accident. This feature elevates the account from a simple payroll tool to a genuine benefit package.
Locker Service Privilege: For the safeguarding of valuables, the account includes access to the bank’s Locker Services. The first year’s usage is offered free of charge, providing a secure storage solution at no initial cost. While the security margin and subsequent annual fees are applied as per STC, this initial complimentary access is a valued premium perk.
Competitive Interest Rate: The account also accrues interest on the maintained balance. As per the bank’s current published interest rate structure (as of Kartik 2082/October 2025), the Kumari Premium Salary Account offers an interest rate of 2.76% per annum. While this is a competitive rate in the context of commercial bank savings schemes, it ensures the employees’ money is continually growing.
Eligibility, Documentation, and Conversion Protocols
The seamless integration of employees into this premium scheme is supported by straightforward application requirements and clear conditions for continued eligibility.
Mandatory Documents: The documentation required for account opening is comprehensive yet direct, primarily focusing on identity verification and employer endorsement. Employees must submit a copy of their citizenship or valid passport, their NID card or NID number, a passport-size photograph, and a mobile number verification screenshot (for Nepali mobile numbers). Most importantly, the application must be supported by an employer’s official recommendation letter for account opening, confirming the employee’s status and the organization’s adherence to the minimum 15-staff requirement.
Conversion Clause: A critical condition of the premium scheme relates to its continued use for salary disbursement. If an employee’s salary is not credited to the account for six consecutive months, the account status will automatically be converted from the premium scheme into a normal savings scheme. This rule ensures the account is actively used for its intended purpose and prevents the bank from carrying the costs of premium benefits for inactive payroll accounts.
By offering this comprehensive, flexible, and value-driven package, the Kumari Premium Salary Account effectively helps employers streamline salary distribution while significantly enhancing employee satisfaction and financial empowerment.
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