27th May 2025, Kathmandu
Muktinath Bikas Bank has launched a new savings account tailored for teenagers. The product, named “Muktinath Pocket Money Bachat Khata,” targets students aged 15 to 18, particularly those who recently passed their SEE exams.
Muktinath Pocket Money Youth
The aim is to help young people learn smart financial habits early. It combines accessibility, education, and digital tools to promote responsible money management.
Designed For Youth, With Guidance From Parents
The account promotes independent learning but includes parental involvement. Teenagers can manage their money under supervision. A consent form from parents is required for mobile banking. This ensures that guardians stay informed and involved.
The account limits monthly deposits to Rs. 50,000 and withdrawals to Rs. 25,000. These caps help students learn budgeting and saving.
Minimum Requirements, Maximum Learning
The minimum balance to open the account is just Rs. 50. Muktinath wants to make banking accessible for everyone, regardless of background. The account does not offer a cheque book, encouraging digital and paperless transactions.
To open the account, the following documents are needed:
Passport-size photos of both the student and parents
Birth certificate, citizenship, or national ID of the student
Citizenship or national ID of the parents
The bank made the documentation simple and clear.
Free Value-Added Services
Muktinath Pocket Money Account comes with several free features:
Free Mobile Banking until age 18
Free Demat Account Registration
Free Mero Share Registration
These services help young users explore the broader world of digital finance and investment. Students get real-life exposure to stock trading, savings, and online payments—all with parental monitoring.
Interactive Online Learning Included
Every new account holder gets access to a free Zoom session. These sessions educate students about:
Digital banking tools
How to avoid fraud
Basic investment knowledge
This initiative makes the account more than a savings tool. It becomes a learning platform that prepares youth for digital finance.
Paperless And Secure Banking
By removing cheque books, Muktinath encourages young people to adopt digital banking. This approach also reduces risks, promotes transparency, and supports environmental goals. Students use mobile banking with parental approval, ensuring control and safety.
The bank integrates security, learning, and sustainability into one product. It aligns with the growing demand for tech-savvy financial tools.
Empowering The Future Generation
The Pocket Money Account helps students develop financial discipline. They learn how to track their expenses, save regularly, and avoid overspending. These lessons are crucial in today’s fast-changing digital economy.
By using the account, teenagers also become comfortable with banking systems. They gain confidence and financial independence before adulthood.
A Strategic Move By Muktinath
With this product, Muktinath Bikas Bank strengthens its position in youth banking. The bank aims to build long-term relationships by educating future customers early. This strategy not only supports financial literacy but also drives growth in the bank’s young customer base.
The bank has taken a step toward inclusive, future-oriented financial services. It reflects Muktinath’s commitment to empowering the youth and promoting a digital banking culture in Nepal.
Why This Account Matters
Nepal is entering a digital economy. Teaching financial literacy to students is essential. With this initiative, Muktinath Bikas Bank shows that banking can be simple, educational, and secure for young users.
The account teaches the importance of savings, discipline, and digital tools. At the same time, it ensures that parents are involved in every step.
Conclusion: More Than Just An Account
The Muktinath Pocket Money Account is not just a bank product. It is a gateway for students to enter the financial world with the right knowledge and support.
It offers:
Easy account setup
Strong parental oversight
Free financial tools
Interactive learning opportunities
Through this account, students will build habits that last a lifetime. Muktinath Bikas Bank is investing in future-ready citizens, starting with one pocket money deposit at a time.
For more: Muktinath Pocket Money Youth