EDUCATION PLAN Apply
Your child deserves one education plan that grows along with your child.
As a parent your responsibilities to your child are many. We understand how important education is in your priority list. NMB Bank Education Plan is a recurring plan, designed to help you save for your child’s financial need of the future. Make yourself a proud parent today and tomorrow.
Plan period of 3 to 15 years
Eligible age 0 to 12 years
Free Mobile Banking Subscription
Facility to transfer monthly deposit from parents to child’s account
Discount on Education Loan interest and processing fee
Minimum monthly deposit Rs. 500
Fixed Rate of return on your deposit
Completely filled Personal Account Opening Form
Parents account compulsory
Copy of citizenship certificate of parent
One passport size photograph of parent and child
What happens if I don’t pay an installment?
Ans: In case you do not pay an installment, it becomes due. You can pay it along with the next installment. If you fail to pay the installment for 3 months, your account will be closed.
Can my Recurring Deposit be opened in joint names?
Ans: No, it cannot be opened in joint names.
What is the maximum deposit amount a Recurring Deposit account can be opened with?
Ans: The minimum amount is NPR 500, whereas there is no limit to the maximum amount.
Can I pay more than one installment at a time?
Ans: Yes, if you wish to pay more than one installment at a time, you can do so only by visiting the Bank.
Is an overdraft facility allowed?
Ans: No, an overdraft facility is not allowed in this account.
Can I choose my installment date?
Ans: No, you cannot choose the installment date. It is the 5th of every month as per the Gregorian calendar.