8th June 2025, Kathmandu
The Nabil Premium Remittance Savings Account is a specialized savings product by Nabil Bank, tailored for Nepali citizens working abroad. With a focus on promoting formal remittance channels, this account offers a smart, secure, and rewarding banking experience for migrant workers and their families in Nepal.
Nabil Bank Remittance Savings Account
Designed For Migrant Workers
This account is exclusively meant for Nepali individuals with foreign employment or those planning to go abroad with an official work permit. Family members receiving remittance through formal banking channels are also eligible. With zero initial deposit requirements, this account removes entry barriers, welcoming a broader range of customers.
Easy Access And No Minimum Deposit
Nabil Bank offers flexibility and convenience. The Nabil Premium Remittance Account can be opened without any minimum deposit. This feature makes it especially accessible for Nepali workers, regardless of their income level. Customers can start saving right away while enjoying a host of premium banking benefits.
Key Features For Everyday Banking
Account holders enjoy numerous benefits designed to simplify everyday banking:
Free cheque book
Free balance certificate
Free account statements
50% discount on locker charges (subject to availability)
50% discount on SWIFT transfers and demand drafts
These features provide cost-effective ways to manage money, remit funds, and maintain financial control from anywhere in the world.
Free Digital Banking Services
To support a digital-first approach, Nabil offers:
Free nBank mobile banking for the first year
Free nBank Web internet banking access
Free subscription to NPR Debit Card for the first year
Free subscription to NPR Credit Card for the first year
These services make remote account management easier, safer, and more efficient for migrant workers.
Comprehensive Free Insurance Coverage
What sets this product apart is the free insurance coverage under Nabil Care, specially designed for remittance account holders. With no premium payment required from the customer, Nabil Bank provides full protection that includes:
Rs. 300,000 coverage for 13 critical illnesses
Rs. 75,000 term life insurance
Rs. 375,000 total coverage in case of death from critical illness
This insurance gives migrant workers and their families peace of mind. Importantly, the claim process is simple and does not require medical bill submissions, making it a hassle-free experience.
Eligibility Criteria Made Simple
To qualify for insurance coverage, customers must meet the following criteria:
Must be a Nepali citizen with a work permit from the Government of Nepal
Age must be between 16 to 64 years
Account must be an individual NPR savings account (joint accounts not eligible)
Must maintain a daily minimum balance of Rs. 100,000 or more throughout a Nepali calendar month
Once the balance is maintained, insurance coverage begins the following month.
Targeting Financial Inclusion
This savings account plays a critical role in boosting financial inclusion in Nepal. It encourages remittance through formal channels, which strengthens the national economy. By offering benefits such as insurance, discounted services, and digital access, Nabil Bank ensures migrant workers are not left out of modern financial systems.
Supporting Families Back Home
The account is equally beneficial for the families of migrant workers. By receiving money via formal channels, family members gain access to bank services, financial tools, and better security. They also benefit from the risk coverage offered by Nabil Care.
Why Choose Nabil Premium Remittance Account?
No-cost insurance coverage
Exclusive discounts on banking services
Digital convenience from anywhere in the world
Financial support and risk protection for families
Strong backing from one of Nepal’s leading banks
Conclusion: A Smart Banking Solution For Migrant Workers
The Nabil Premium Remittance Savings Account is more than just a bank account. It’s a comprehensive financial solution that combines savings, insurance, digital access, and financial security. For Nepali migrant workers, it offers a smarter, safer way to manage their money and protect their loved ones in Nepal.
With no initial deposit, free services, and full insurance coverage at no cost, Nabil Bank has created a product that truly understands and supports the needs of Nepal’s remittance-driven population. Open your Nabil Premium Remittance Account today and experience the next level of secure and inclusive banking.
For more: Nabil Bank Remittance Savings Account