July 29: Kumari Bank Limited has launched its new saving product named Kumari Pariwar Surakshya Bachat Khata.
The bank said in a statement that the product intended for a family offers saving account in the name of either father or mother, which in turn covers insurance for the couple, and their two children.
The minimum deposit balance for this account is Rs 10,000. The interest rate the bank offers for this account is 6.50 percent interest per annum.
According to the bank, the account offers insurance coverage up to Rs 2.6 million to the family members including Accidental Death Insurance and Permanent Total Disability for Couple; Medical Insurance for a family of four; and insurance against 10 critical illnesses.
This account offers free internet banking, free mobile banking for the first year and charges as per STC from the second year, and free VISA Debit Card for first year and charges as per STC from the second year.
Kumari Bank has been providing banking service through a network of 100 branches, 91 ATMs, three extension counters and three branchless banking units across the country.