1. What is Super Chamatkarik Talab Bachat Khata?


(i) Super Chamatkarik Talab Bachat Khata is primarily a salary saving deposit product. It is a payroll account.

(ii) Targeted segment - salaried employees in organization/institution.

(iii) This product provides higher return in savings and maximum facilities and is basically targeted towards high end customers who value good return on one hand with equally maximum facilities on the other.

(iv) To make this product more attractive, maximum features and services are provided to the customers.

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


Differential Feature:

· Insurance Cover:

In Super Chamatkarik Talab Bachat Khata, insurance covers whole family i.e. couple and two children, whereas the insurance coverage under CTBK is limited to only Account holder.

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

Super Chamatkarik Talab Bachat Khata can be opened by any person of any income level.

However, it shall be processed through organization having minimum 5 employees. In addition, the customer is required to fill a self-declaration for insurance claim.

4. What is the main benefit I get from opening a Super Chamatkarik Talab Bachat Khata with NIC Asia Bank Limited?

SCTBK is a super aggressive deposit product which is known for Insurance Benefit and ZERO BALANCE PAYROLL ACCOUNT. The following are the Insurance Benefits that can be derived from this product:

Basis

Features*

Accidental Death Insurance/Permanent disability

Coverage up to Rs. 60 lakh.

-    5 times of monthly average balance or 15 lakhs for each family member whichever is lower.

Critical Illness

Coverage up to Rs. 20 lakhs for a couple.

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

Medical Insurance

Up to Rs. 1.5 lakhs for family (Hospitalization case only)

5. What are the other special benefits to employees and why NIC ASIA?

Reasons are the following distinguished features:

Basis

Features*

Onsite Account Opening

Yes

Missed Called/Viber Banking

Yes

Online Fixed Deposit Account Opening Facility

Yes

Recurring Deposit Account Opening Facility

Yes

Rebate on purchase and premium on sell of FCY

15 paisa

FCY Inward Remittance

Free

ABBS Charge

Free

6. What are the facilities to Employer who process the Chamatkarik Talab Bachat Khata to his employees under this product in NIC ASIA?

Basis

Features*

Onsite Account Opening

Yes

Facility to initiate salary transfer through Internet Banking

Yes

Internet Banking

Free Advance Internet Banking Facility for employer

RTGS

RTGS free to employer (2 times a month)

Express Clearing Charges

Express clearing charge free for the organization presenting the cheque to route the salary of its employees.

NIC ASIA Employer Overdraft

All Facilities and Terms on Employer Overdraft shall be as guided by Integrated PPG on Small and Medium Enterprises Loans.

7. What about the loan facility and its charges?

Loan shall be available up to the limit of 15,00,000 after the consideration of monthly salary payment and assessment of Credit Department. The absolute lower interest rate in the Market @ BR +2%/3% (Government/Non-Government) only will be charged on loan. Discount on loan processing facility will be up to 25 basis point.

Other facilities and procedures shall be guided by “Integrated PPG on Retail Loans “Prime Customer”.

Employer also can avail the loan facility and overdraft limit.

8. What type of loans are available under this product?

Personal Loan, Overdraft Facility, Advance Salary, Home Loan, Auto Loan, Loyalty Financing Facility, Education Loan and Credit Card Limit.

9. Whether a customer can open the Recurring Deposit with this account?

Yes, the product is privileged with this feature to promote the habit of savings as the staffs and employees (Customers) can instruct to open the RD account.

10. Whether joint account opening and operation facility is available under this product?

No, not allowed.

11. What will be the ATM withdrawal charges? Whether it is free as same as products of Chamatkarik series earlier launched?

Yes, our Bank has unparallel benefit of “NO ATM WITHDRAWAL CHARGE FROM ANY ATM TERMINAL IN NEPAL” under Chamatkarik series over other Banks.

We have continued such unique benefit.

12. What about the Demat Account Facility?

It’s free for opening and operating for the first year.

13. What about the privileged card under this product?

No, Privileged Card is not available.

14. Whether Super Chamatkarik Talab Bachat can be opened online?

Yes. However, customer isn’t eligible for any freebies and insurance until minimum balance is maintained.

15. What are documents 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.

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.

16. How can customer avail benefit of ‘waiver charges’ related to debit card/mobile banking & i-banking?

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

17. If a customer already has an account in NIC ASIA, how can they avail benefit of this product?

By visiting NIC Asia Bank branch or by requesting scheme transfer from NIC Asia MobBank App.

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

Scheme change/transfer charges shall be absolutely Free.

19. What is the process of scheme transfer?

By visiting NIC Asia Branch or through NIC ASIA Mobile Banking.

20. Is ABBS charge is free?

Yes, it is free.

21. What are the charges of using Digital Channel under this product?

NIC ASIA Bank is continuously thriving for digitalization of Banking nationwide. Following are the charges and facilities of using digital channel of the Bank:

Basis

Features*

Internet Banking

Free for all year till the Operative account is maintained

Mobile Banking

Free for First Year

Debit Card

Free for First Year

Missed Called/Viber Banking

Yes

Online Fixed Deposit Account Opening Facility

Yes

Facility to initiate salary transfer through Internet Banking

Yes




22. Card related charges?

Following are the Card issuance charges:

Basis

Features*

Debit Card

Free for First Year

Credit Card Issuance Fee

Free Joining and issuance fee for first year

International Debit Card

100% waiver on issuance fee

23. What are the other freebies of this account?

Other freebies are as under:

Basis

Features*

C-ASBA Registration/ Mero Share

Facility Available

Annual Locker Charges [Subject to  Availability]

50% discount on annual charges for 1st year only

FCY Inward Remittance

Free

ABBS Charge

Free

Balance certificate issuance fee

Free one time in each fiscal year

ATM Cash withdrawal/Balance Enquiry

No charge for withdrawal and balance enquiry from Any Bank’s ATM terminal in Nepal