NIMB Lotus Savings Account Nepal: Your Smart Choice for All Savers
1st June 2025, Kathmandu
The Lotus Savings Account from Nepal Investment Mega Bank Limited (NIMB) is designed to help all kinds of customers. Whether you are a student, working professional, or retired, this account suits your savings needs.
NIMB Lotus Savings Account Nepal
With a low minimum balance, digital tools, and attractive interest, it’s ideal for anyone looking for a secure and smart way to manage money.
What is A Savings Account?
A savings account is a simple way to store money safely in a bank. It helps your money grow through interest. You don’t have to actively manage it. Just deposit money, and it earns interest over time.
It’s perfect for long-term goals. People use savings accounts to buy a home, plan education, or build emergency funds. It’s a low-risk, high-security option for everyday savers.
Why Choose The Lotus Savings Account?
NIMB created the Lotus Savings Account to support savings habits among Nepali citizens. It is affordable, convenient, and packed with digital features. Whether you’re tech-savvy or prefer traditional banking, this account fits your style.
It targets all age groups and income levels. From youth to the elderly, anyone can enjoy the benefits. It combines accessibility with banking excellence.
Low Minimum Balance
One of the best features of the Lotus Savings Account is the low balance requirement. If your branch is inside Kathmandu Valley, you only need NPR 2,500. If you’re outside the Valley, the minimum is just NPR 1,000.
This makes the account affordable and open to more people. You don’t need a large sum to start saving.
Key Benefits of the Account
The Lotus Savings Account comes with multiple user-friendly features. These services add comfort and flexibility to your banking:
Free Cheque Book on request
Mobile Banking Access via NIMB Smart app
Debit Card Options with VISA or MasterCard
DEMAT Facility for the share market use
Credit Card Application from your savings account
Safe Deposit Locker at discounted rates
Online Bill Payments and digital purchases
Free E-commerce Registration for online payments
Virtual Dollar Prepaid Card available with PAN
Travel Card for those traveling abroad (except India and Bhutan)
Contactless Payment with NIMB Paywear
Access to the NIMB Smart Portal from a desktop
All these benefits make daily transactions faster and more secure. You can manage most banking tasks without visiting the branch.
Easy Ways To Open An Account
NIMB offers three simple ways to open a Lotus Savings Account: branch visit, online application, and video account opening.
Visit a Branch
Walk into any NIMB branch near you. The bank staff will guide you through the process. You’ll need to submit your citizenship document and two passport-sized photos. Then fill out the account opening and KYC forms.
You must provide personal details like your name, address, mobile number, occupation, and nominee. You can also choose services such as debit cards, account statements, or SMS alerts.
In the KYC form, mention your income source, education, and other bank accounts. Also, disclose if you’re a politically exposed person or have past convictions. This ensures full transparency and security.
Apply Online
You can also open your account online. Just fill in your details like name, address, identification, and select your preferred account type. After submitting the form, you will receive your account details digitally. It’s quick and paperless.
Use Video Account Opening
NIMB offers a video call service to open accounts from your home. You need a quiet room, a good camera, and internet. You’ll speak to a bank officer through a video call. Keep a black pen and white paper ready to sign during the session.
After verification, the bank sends your account details to your email. It’s simple and convenient.
Digital Transfers and Payments
Managing money is easier with the NIMB Smart mobile app and portal. You can check your balance, download statements, and transfer money instantly. You can send money within NIMB or to other banks using the Connect IPS service.
You can also pay bills, shop online, and recharge your phone in a few taps. Everything is fast and secure with NIMB’s digital tools.
Investment Services Made Simple
NIMB allows you to invest directly from your savings account. You can apply for:
Initial Public Offerings (IPO)
Systematic Investment Plans (SIP)
Portfolio Management Services (PMS)
These services help you grow your wealth while keeping your savings account active.
Extra Perks for Customers
Customers enjoy more than just interest. With the Lotus Savings Account, you can:
Get competitive interest rates, adjusted as per the market
Receive discounts at partner stores and merchants
Open Fixed Deposit accounts for higher returns
Use smart banking tools for daily use
Enjoy 24/7 access to your funds from anywhere
It’s a complete package that combines saving, spending, and investing.
Final Thoughts
The NIMB Lotus Savings Account is a great choice for anyone looking to manage money efficiently. It combines flexibility, digital tools, and great service in one simple account. Whether you are just starting to save or planning your future goals, this account gives you the platform to grow financially.
Start your journey today with NIMB. Open your account and enjoy the power of smart savings at your fingertips.
For more: NIMB Lotus Savings Account Nepal
