28th August 2025, Kathmandu
Nabil Bank has introduced the Nabil Jestha Bachat Khata, a specialized savings scheme designed exclusively for senior citizens aged 50 and above.
Nabil Jestha Bachat Khata
Nabil Jestha Bachat Khata is more than just a place to store funds; it is a comprehensive financial solution that combines a range of banking services with a robust insurance plan and cost-saving benefits, aiming to provide financial independence and security during one’s golden years. By catering to the specific needs and preferences of this demographic, Nabil Bank is demonstrating a thoughtful, customer-centric approach to banking.
A Closer Look at the Features and Benefits
The Nabil Jestha Bachat Khata stands out from standard savings accounts due to its tailored features, which are designed to offer maximum value and convenience to senior citizens. The account’s benefits can be categorized into three key areas: everyday banking, financial discounts, and extensive insurance coverage.
Convenient Banking and Transaction Facilities
Recognizing that many senior citizens prefer traditional banking methods while also embracing new technologies, the account offers a perfect blend of both. Customers get access to essential banking services such as regular account statements to keep a detailed track of their finances and a cheque book for easy fund management and payments. The provision of a balance certificate is also a valuable service, as it can be required for various verification or legal purposes, such as applying for visas or completing official paperwork. These traditional offerings ensure that senior citizens who are less comfortable with digital platforms can still conduct their financial affairs with ease and confidence.
Discounts and Digital Accessibility
To provide tangible financial benefits, the Nabil Jestha Bachat Khata offers significant discounts on several key banking services. Account holders receive a 50% discount on Swift transfers and Demand Drafts, which can be a substantial saving for those who frequently transfer funds. Additionally, they are entitled to a 25% discount on annual locker charges, subject to availability. This feature is particularly appealing as it provides a secure and affordable way for senior citizens to store their valuables and important documents.
In a world increasingly dominated by digital services, Nabil Bank has also made a concerted effort to bridge the digital divide for the elderly. The account includes free nBank Mobile Banking for the first year and free nBank Web (Internet Banking) access. This approach encourages senior citizens to try digital banking without any initial cost, giving them the flexibility and convenience of managing their accounts, paying bills, and transferring funds from the comfort of their homes. This free trial period is a smart way to introduce them to the ease of paperless transactions and modern financial management.
Comprehensive Insurance Coverage with Nabil Care
One of the most significant and reassuring features of the Nabil Jestha Bachat account is the comprehensive insurance coverage it provides under the Nabil Care program. This benefit is crucial for senior citizens, as it offers a safety net for unforeseen medical and life events. The insurance package includes:
- Coverage for 13 critical illnesses up to a total of Rs. 300,000. This can be a lifesaver in times of medical emergencies, helping to cover the high costs associated with serious health conditions without depleting a lifetime of savings.
- Term Life Insurance coverage of Rs. 75,000.
- In the unfortunate event of death caused by one of the critical illnesses, the total insurance payout is Rs. 375,000.
This comprehensive coverage provides invaluable peace of mind for both the account holder and their family, allowing them to focus on health and well-being without constant financial worry. It is a clear demonstration of Nabil Bank’s commitment to the holistic welfare of its senior citizen customers.
Simple and Accessible Application Process
Opening a Nabil Jestha Bachat Khata has been made as simple and accessible as possible. The bank offers two convenient methods:
Visiting a Branch: Applicants can simply visit their nearest Nabil Bank branch, where a customer service representative will guide them through the process.
Downloadable Application Form: For those who prefer to complete the process from home, the account opening form can be downloaded from Nabil Bank’s website. Applicants just need to print the form, fill it out, and submit it along with the required documents at any branch.
The eligibility is straightforward: the account is available to all individuals aged 50 years and above. The required documents are standard and include a duly filled application form, a copy of the applicant’s citizenship or passport, and a passport-sized photograph. With no minimum initial deposit requirement, the account is accessible to everyone in the eligible age group, regardless of their current financial position.
A Holistic Approach to Senior Citizen Banking
The launch of the Nabil Jestha Bachat account is a reflection of a growing trend in the Nepali banking sector to create products tailored to specific demographics. While other banks may offer special savings accounts for senior citizens, Nabil Bank’s offering is particularly robust due to its integrated approach. It does not just offer a competitive interest rate; it combines core banking services, valuable discounts, and a critical insurance safety net into one cohesive package.
This account ensures that senior citizens can enjoy a banking experience that is not only convenient and secure but also financially rewarding. The free digital services help them adapt to modern banking, while the discounts and insurance provide tangible benefits that directly improve their quality of life. This holistic strategy sets a new standard for senior citizen banking in Nepal, helping to foster trust and long-term relationships with a crucial demographic.
For More: Nabil Jestha Bachat Khata