Everest Bank Limited Announces Official Relocation of Damak Branch Office in Jhapa

19th May 2026, Kathmandu

Everest Bank Limited has officially issued a public notice regarding the structural relocation of its established Damak Branch Office situated in the Jhapa district of Koshi Province. As part of its corporate infrastructure optimization strategy, the commercial bank will migrate its entire banking operation to a newly constructed commercial facility designed to handle larger transaction volumes.

Everest Bank Branch Relocation

According to the administrative update, the branch transfer aims to deliver daily financial services from a more systematic, spacious, and consumer friendly environment, aligning with modern retail standards to provide highly convenient banking solutions to the local business community.

Shifting Commercial Banking Services to a New Building in Ward Number Six

The physical relocation will see the bank move out of its long standing real estate plot within Damak Municipality Ward Number 8. According to the transition roadmap finalized by the branch management team, all retail counters, credit department desks, customer service booths, and automated teller machines will start running from the new building premises located at Damak Municipality Ward Number 6. The bank confirmed that the entire operational transition will be completed seamlessly, with the new office officially opening its doors to the general public from Jestha 19, 2083, which corresponds approximately to June 1, 2026.

Minimal Geographic Displacement for Existing Municipal Account Holders

To ease the minds of local depositors who may be worried about traveling longer distances to access their funds, the corporate communications wing provided clear spatial details regarding the new site. The brand new office building sits approximately 150 meters north east of the old Ward Number 8 storefront. This close proximity ensures that everyday consumers, retail shop owners, and corporate clients can continue their standard cash deposit routines, check collections, and financial meetings with virtually no disruption to their established travel paths inside the market hub.

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Important Safety Notice and Timeline for Vault Locker Service Users

A critical section of the relocation announcement focuses directly on clients who actively rent physical vault lockers to store high value personal items, gold ornaments, and legal property deeds. Everest Bank Limited has requested all locker holders to visit the old branch premises within a strict ten day window from the formal notice publication date to take necessary precautions regarding their personal belongings. This security period allows consumers to audit their items, consult with the branch manager, and ensure that their valuables are properly accounted for before the heavy vault infrastructure is physically shifted by corporate movers.

Automatic Structural Transfer Procedures for Remaining Vault Lockers

For individuals who are currently traveling, living outside the Jhapa district, or simply unable to visit the branch office within the requested ten day window, the bank has outlined an automatic security protocol. The management clarified that any vault lockers remaining unvisited after the deadline will be securely wrapped, locked, and systematically transferred to the new Ward Number 6 building by specialized security personnel. These units will be reinstalled within the new reinforced vault room in their exact existing condition, ensuring that the integrity of the locked content remains completely compromised throughout the transit phase.

Ensuring Complete Continuity of Digital and Physical Financial Portfolios

Everest Bank Limited has reassured its extensive consumer base across the Koshi Province that the upcoming physical office migration will not cause any technical glitches or pauses in service delivery. All personal and corporate savings accounts, active fixed term deposit ledgers, institutional credit lines, and decentralized mobile banking application profiles will remain fully functional without requiring manual updates. Checking facilities, clearing house operations, and electronic fund transfers will transition automatically behind the scenes to the new municipal headquarters.

Expressing Regret for Temporary Transition Disruption and Client Inconvenience

The head office of Everest Bank Limited closed its public announcement by offering a sincere apology to its retail consumers and business partners for any temporary operational delays or minor inconveniences caused during the physical shifting phase. The bank relation management teams are currently working overtime to coordinate the heavy machinery transfer and verify network connections at the new site ahead of the opening date. Local residents who require immediate assistance or further clarification regarding their accounts are encouraged to contact the branch helpline directly or visit the active counters before the final Jestha 19 transition deadline.

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