Everest Bank Limited Launches a Comprehensive Range of Savings Accounts for Diverse Customer Needs
24th October 2025, Kathmandu
Everest Bank Limited (EBL) is actively addressing the nationwide push for financial inclusion by launching a sophisticated and expansive portfolio of savings accounts. This strategy goes beyond traditional banking by tailoring products to the unique financial realities and needs of diverse demographic and geographic segments across Nepal.
Everest Bank Saving Accounts
The combination of attractive interest rates, comprehensive insurance coverage, and a suite of digital and physical banking facilities positions EBL as a pioneer in making formal banking accessible and beneficial to all. This diversity of options ensures that everyone, from the salaried professional to the migrant worker and the rural citizen, has a relevant product to build their savings and financial security.
Catering to Key Demographics with Specialized Accounts
EBL’s core strength lies in its ability to offer highly specialized accounts, demonstrating a deep understanding of its customer base. Each account is meticulously designed with a specific segment in mind, minimizing barriers and maximizing utility.
The Premium and Professional Segment
For individuals, businessmen, and professionals with higher liquid assets, EBL offers premium and specialized services:
Everest Maxi Savings Account: This account is a premium offering requiring a minimum balance of NPR 5 lakh. Its key feature is a robust package of security and convenience, including hospitalization insurance of NPR 1 lakh and accidental death coverage of NPR 5 lakh. The benefits extend to waiving first-year charges for a locker facility and offering free debit and credit cards for two years, appealing to those who demand elevated service and comprehensive risk management.
Saving Premium and Pension Accounts: These are dedicated to high-balance customers and retirees. They offer services like free drafts and attractive interest rates, acknowledging the need for wealth preservation and easy access to funds for this demographic.
Empowering Migrant Workers and Remote Populations
A significant portion of Nepal’s economy relies on remittances, and EBL has targeted products to support these critical groups:
Matri-Bhumi Savings Account: Explicitly designed for Nepalese migrant workers abroad, this account has the crucial feature of no minimum balance required. It facilitates savings from remitted earnings by including accidental death insurance of NPR 5 lakh, a free ATM card, mobile banking, and a free DMAT account, directly addressing the need for accessible, low-cost banking and security for their families back home.
Hatemalo Savings Account: This account is an innovative drive towards rural financial inclusion. By contributing half of the minimum required balance (NPR 200), the bank reduces the initial financial burden, encouraging first-time banking in rural areas. It includes practical facilities like free ATM card issuance and SMS banking.
Focus on Women, Youth, and Salaried Employees
EBL’s portfolio also proactively encourages savings habits among women and the younger generation, while simplifying banking for the employed:
Baal Bachat and Naari Bachat Accounts: These accounts are essential tools for financial literacy and female empowerment. The Baal Bachat account encourages children to start saving early, while the Naari Bachat account provides women with a platform for independent financial management, offering facilities like free debit cards and discounted locker services.
Payroll and Corporate Salary Accounts: Tailored for both corporate and not-for-profit salaried employees, these accounts offer a low barrier to entry with a minimum balance of only NPR 100. Crucially, they include term loans up to 25 times the monthly salary and digital lending services, demonstrating EBL’s role in providing working capital and consumer credit to the employed class.
Student Saving and Minor Savings Accounts: These foster financial responsibility early on. The Student Saving Accounts promote small savings with internet/SMS banking, while Minor Savings Accounts allow minors aged 10–18 to operate their own accounts and use ATM withdrawals, cultivating independence and banking familiarity.
Innovating with Features and Foreign Currency Offerings
Beyond segment-specific schemes, EBL integrates modern banking features and global accessibility to its product line.
Integration and Flexibility
The Saugat Savings Account is a prime example of product innovation, integrating the liquidity of a savings account with the higher interest earning potential of a fixed deposit. Its automatic sweep-in/out features ensure that surplus funds automatically shift to a fixed deposit and sweep back when needed, offering customers the best of both worlds without manual intervention. This smart product also bundles attractive benefits, including insurance and free debit/credit cards for the first year.
Global Connectivity and Standard Accounts
EBL also ensures it remains a vital link to the global economy:
EBL NRN and FCY Deposit Accounts: These cater to Non-Resident Nepalese and foreign nationals, with accounts available in major foreign currencies (USD, GBP, and EURO). The commitment that deposits are fully repatriable is key for attracting and retaining foreign currency holdings.
General and Remit Saving Accounts: These act as the foundation of EBL’s deposit base, providing standard banking services, including daily interest calculation on closing balances, making banking accessible for all Nepalese citizens and foreign nationals residing in the country.
EBL’s holistic approach to savings products, where each scheme addresses a specific socio-economic need and is fortified with essential security features like insurance, is a comprehensive blueprint for advancing financial literacy and inclusion across Nepal’s diverse populace.
For More: Everest Bank Saving Accounts
