1. What is the difference between Chamatkarik Bachat Khata and Super Chamatkarik Bachat Khata?

The Super Chamatkarik Bachat Khata differs from Chamatkarik Bachat Khata in terms of Insurance coverage amount and other additional benefits.

The SCBK insurance covers a whole family consisting of a couple and two children whereas the insurance coverage under CBK is limited to only the Account holder.

Similarly, under SCBK, charges on Mobile Banking, Internet Banking, Debit Card and Credit Card on all variants (i.e. Silver, Gold and Diamond) would be waived for first year which is limited to only Gold and Diamond Category under CBK.

Similarly, ATM withdrawal charge under SCBK is free from all ATMs in Nepal (On us and Off us) which is limited to only Gold and Diamond Category under CBK.


2. Who can open Super Chamatkarik Bachat Khata and how?

A person of any age, any gender and any income level can open Super Chamatkarik Bachat Khata.

Customer who wishes to open this account may visit any branch of NIC ASIA Bank and fill an Account Opening Form. Beside this, Online Account opening facility is also available. In addition, the customer is required to fill a self-declaration form for insurance claim.


3. What are the Product variants under SCBK?

The SCBK has three variants, namely Sliver, Gold and Diamond Category with following minimum balance requirement:

Sliver Category- NPR 1,000

Gold Category- NPR 25,000

Diamond Category- NPR 1,00,000


4. What benefits I get from opening a Super Chamatkarik Bachat Khata with NIC ASIA Bank Limited?

The biggest benefit of SCBK is insurance benefit which is highest than other banks. The following are the insurance benefits that can be derived from SCBK:

Basis

Silver

Gold

Diamond

Accidental Death Insurance/Permanent disability

Coverage of Rs. 40 lakhs.

- 4 times of monthly average balance or 10 lakhs for each family member whichever is lower.

Coverage of Rs. 60 lakhs.

- 15 lakhs for each family member.

Coverage of Rs. 1 Crore.

- 25 lakhs for each family member.

Critical Illness

Coverage up to Rs. 20 lakhs for a couple.

- 4 times of monthly average balance or 10 lakhs for each whichever is lower.

Coverage up to Rs. 20 lakhs for a couple.

-10 lakhs for each

Coverage up to Rs. 30 lakhs for a couple.

-15 lakhs for each

Medical Insurance

NA

NA

Up to Rs. 1.5 lakh for family

(Hospitalization case only)

Similarly, under SCBK, Charge on Mobile banking/ Debit Card/ Credit Card/ Internet Banking on all variants (i.e. Silver, Gold and Diamond) is waived for first year which is limited to Gold and Diamond Category under CBK.

Similarly, ATM withdrawal charges under SCBK is free from all ATMs in Nepal, which is limited to Gold and Diamond Category under CBK.

Beside this, Privileged Card facility is also provided under Diamond Variant which offers premium services like no waiting for queue, charges waiver for ABBS, DEMAT, special discounts on dining deals, movie ticket booking, shopping malls, hospitals, etc.

5. What are the various features of account?

Super Chamatkarik Bachhat Khata has following features:

Basis

Silver

Gold

Diamond

Minimum Balance (In Rs.)

1,000

25,000

100,000

Interest Rate

6.5% p.a.

6.5% p.a.

6.5% p.a.

Debit Card (Waiver for 1st Year)

100%

100%

100%

Credit Card (Waiver for 1st Year)

100%

100%

100%

Internet Banking (Waiver for 1st Year)

100%

100%

100%

Mobile Banking (Waiver for 1st Year)

100%

100%

100%

Accidental Death Insurance/Permanent disability

Coverage of Rs. 40 lakhs.

- 4 times of monthly average balance or 10 lakhs for each family member whichever is lower.

Coverage of Rs. 60 lakhs.

- 15 lakhs for each family member.

Coverage of Rs. 1 Crore.

- 25 lakhs for each family member.

Critical Illness

Coverage up to Rs. 20 lakhs for a couple.

- 4 times of monthly average balance or 10 lakhs for each whichever is lower.

Coverage up to Rs. 20 lakhs for a couple.

-10 lakhs for each

Coverage up to Rs. 30 lakhs for a couple.

-15 lakhs for each

Medical Insurance

NA

NA

Up to Rs. 1.5 lakh for family

(Hospitalization case only)

Sweep In/Sweep Out facility

NA

NA

Interest rate:9.25% p.a

ABBS

Up to Rs. 200K per day

Up to Rs. 500K per day

Free

Locker Margin

25% waiver

50% waiver

100% waiver

Locker Annual Rent

25% discount for first year

50% discount for first year

100% discount for first year

Recurring Deposit Account opening facility

Customer can instruct to open RD account as per their wish with this account.

Customer can instruct to open RD account as per their wish with this account.

Customer can instruct to open RD account as per their wish with this account.

DEMAT Account

Free for 1st year

Free for 1st year

Free for 1st year

ATM Withdrawal Charges

Free from All ATMs in Nepal (On us and Off Us)

Free from All ATMs in Nepal (On us and Off Us)

Free from All ATMs in Nepal (On us and Off Us)

FCY Premium Rebate

5 Paisa

10 Paisa

15 Paisa

Balance Certificate issuance fee

50% charge waiver for one time in each fiscal year

100% charge waiver for one time in each fiscal year

100% charge waiver for one time in each fiscal year

Good for Payment

50% charge waiver for one time in each fiscal year

100% charge waiver for one time in each fiscal year

100% charge waiver for one time in each fiscal year

International Dollar Card

50% charge waiver for one time in each fiscal year

100% waiver on issuance fee one time only

100% Waiver on issuance fee one time only

Discount on Loan Processing Fee (Retail Loans)

As per STC

Up to 25 basis point

Flat 25 basis point

Online Account Opening Facility

Available (Minimum balance to maintain to be eligible for all freebies and insurance benefit)

Available (Minimum balance to maintain to be eligible for all freebies and insurance benefit)

Available (Minimum balance to maintain to be eligible for all freebies and insurance benefit)

IPS transfer charge reimbursement facility for online customer

Available

Available

Available

E-commerce activation

Free

Free

Free

Scheme transfer charge

Waiver

Waiver

Waiver

Privileged Card

NA

NA

Available


7. Are rates of Super Chamatkarik Deposit Schemes negotiable?

No, the rates for these saving products are not negotiable.

8. Who is eligible for insurance?

Nepali citizens opening account under this product is eligible for insurance facility as per the category of the product. SCBK offers benefits of insurance to family. Family refers to account holder, his/her spouse and two children below the age of 21 as declared by account holder.

9. Can I open SCBK online?

Yes. In case of account open through digital channel i.e. online account, customer isn’t eligible for any freebies and insurance benefit until the minimum balance maintained.

10. Whether joint account can be opened under SCBK?

No. Only single account can be opened.

11. What documents are required to open account?

In case of Nepalese citizen, following documents are required:

· Two Recent Passport Size Photographs

· Copy of Citizenship/Passport or Valid Voter ID Card as issued by government.

Additional Documentation for opening account of a minor:

· Two recent passport size photographs of each of the minor and the guardian.

· Birth Registration Certificate

· Copy of Citizenship Certificate/Passport for Guardians/Parents

Documentations for opening account for Foreign Nationals

In addition, with above documents, following documents are required for Foreign Nationals for opening an account.

· Copy of Valid Visa and Entry stamp

· Photocopy of Passport

· Recommendation letter of the organization if he/she is working in. (If an employee)

· Registration certificate from Indian Embassy in case of Indian National and other documents (such as Passport, Voter ID card) as required.

12. How can a customer avail benefit of ‘charges waiver’ on debit card/mobile banking & i-banking?

The waiver shall be provided automatically once the account is successfully opened. Customers need not fill separate form for this.

13. How can I avail benefit of Super Chamatkarik Bachat Khata if I already have an account in NIC ASIA?

For this, a customer can request scheme transfer by visiting any branch of NIC ASIA .

14. How can I upgrade from Silver to Gold or higher category?

A customer can upgrade to higher category by visiting any branch of NIC ASIA Bank or by requesting scheme transfer from NIC Asia MobBank App. But the benefits of Gold and Diamond category will be made available only when the minimum balance requirement is fulfilled.

15. Is scheme change to Super Chamatkarik Bachat Khata free of charge?

Yes. The scheme transfer charges shall be Free.

16. Is ABBS charge free on all product variants?

No. It is free for SCBK Diamond Category only.

17. Is Withholding tax (TDS) deducted in the Interest on Super Chamatkarik Saving deposits, if so what is the rate?

Yes, Withholding Tax is deducted @ 5% on saving deposit Interest.

18. Are there any Account Maintenance fees under Super Chamatkarik Bachat Khata Schemes?

There Bank does not charge any account maintenance fees.

19. What is the frequency of Account Statement under this Scheme?

Statement can be collected from the Bank. However, upon customer’s request, it may also be provided on demand basis after paying a certain fee. Platform for providing account statement is also available through Email.

20. Is there a deposit or withdrawal restriction (In terms of Rupees) ?

Customers can deposit any amount without any restriction. However, if the amount exceeds 1 million (10 lakhs), the source of income must be mentioned on the deposit voucher. For withdrawals through ATM debit Card, withdrawals per day is limited up to Rs One Lakh (100,000).

21. How do I close an account?

All requests for account closure must be made in writing, by signing the closure form by the account holder. In addition to the closure request, any unused cheques and ATM/Debit Cards (if taken) must also be surrendered to the Bank.

22. Is there an account closure maintenance fee?

No, the Bank doesn't charges such fee. However in case account is closed within 6 months from account opening date then Rs. 1000 will be charged.

24. How do I activate NIC Mobile Banking?

User can activate MoBank through Self-Registration after downloading MoBank app.