8th April 2025, Kathmandu
Muktinath Bikas Bank has introduced the Muktinath Pocket Money Savings Account, targeting youth aged 15 to 18 years. This account aims to encourage young people, especially those who have recently completed their SEE exams, to engage in banking and digital financial practices.
Muktinath Bank Youth Savings Account Nepal
Focus on Youth and SEE Graduates
The Muktinath Pocket Money Savings Account is specifically designed to benefit students who have just completed the Secondary Education Examination (SEE). This initiative targets young individuals to promote savings habits, digital banking, and financial literacy.
It also aims to raise awareness about the risks associated with electronic transactions. By providing these tools, the bank seeks to engage the younger generation in the digital financial world and help them understand its significance.
Key Benefits of the Muktinath Pocket Money Savings Account
To open an account, customers must deposit at least NPR 50. In return, they will receive free financial literacy training. The bank will offer this training every half-month and month, covering topics related to savings and the risks of electronic transactions. These educational efforts are part of the bank’s broader strategy to create a financially literate population, particularly among youth.
In addition, account holders under 18 will enjoy free mobile banking services. This feature is valid until they reach the age of 18, allowing them to manage their finances conveniently through their mobile devices. Opening the account also provides free Demat account registration and discounts on various banking services, such as MyShare registration.
Mobile Banking Convenience through ‘Muktinath Fida App’
Alongside the savings account, the bank has launched the Muktinath Fida App, a mobile application aimed at making banking easier for customers. The app allows users to carry out tasks like mobile banking, QR code scanning, and online loan applications.
Additionally, users can open new accounts and deposit remittances, all from the comfort of their homes. This ensures greater flexibility and convenience for customers, especially the younger tech-savvy generation.
Promoting Digital Banking and Financial Inclusion
The launch of this savings account is part of Muktinath Bikas Bank’s broader strategy to attract young individuals to the banking sector. The bank wants to encourage digital banking and improve financial literacy. By providing accessible services and useful educational resources, the bank is aiming to foster financial inclusion, especially for youth.
Empowering the Younger Generation
The Muktinath Pocket Money Savings Account offers more than just a place to save. It serves as a stepping stone toward financial independence for the younger generation. Through this account, young customers can learn valuable financial skills and gain the knowledge needed to make informed decisions in the digital banking world.
Conclusion
In conclusion, Muktinath Bikas Bank’s new youth-focused savings account is a significant step forward in digital banking and financial education. It empowers young individuals by providing them with essential tools to manage their finances, while also teaching them how to navigate electronic transactions safely.
The combination of educational resources, mobile banking, and discounts makes this a valuable offering for Nepal’s youth, setting them on the path to financial success.
For more: Muktinath Bank Youth Savings Account Nepal