Nabil launches Digo Bachat Khata with offers

Kathmandu, Apr. 8 

Nabil Bank has introduced a new savings account product, ‘Nabil Digo Bachat Khata’, with an aim to promote sustainable development and reduce carbon emissions.

Through this innovative savings account, the bank will allocate additional 0.5 per cent per annum of the total deposit amount under this account toward initiatives aimed at reducing carbon emissions.

“This initiative aligns with Nepal’s ambitious target of achieving net-zero carbon emissions by 2045 and contributes directly to global sustainability efforts,” the bank informed in a statement.

The allocated amount will be spent on programmes aimed at reducing and controlling carbon emissions, such as reforestation and tree plantation, promotion of renewable energy, waste management initiatives, clean energy and clean water projects, and other initiatives aligned with the Sustainable Development Goals (SDGs).

Customers who maintain a semi-annual average balance of Rs. 50,000 will have a tree planted in their name as a one-time commemorative gesture.

The bank expressed its belief that this initiative will make a direct contribution toward carbon emission reduction, environmental conservation, and achieving the SDGs. The required minimum balance to open this account is Rs. 10,000.  This account is targeted toward individuals of all age groups, Non-Resident Nepalis (NRNs), and non-profit organisations who wish to gain financial benefits while also contributing to environmental protection.

According to the statement, to further encourage digital banking, customers maintaining the required minimum balance will receive free lifetime access to digital banking platforms such as Nabil Bank’s nBank and nBank Web, fostering a paperless banking culture.

This account holders will receive free debit and credit cards for the first year, enjoy a 25 per cent discount on annual locker charges, and be eligible for insurance facilities upon meeting the necessary criteria. These additional benefits make this savings product both financially rewarding and environmentally responsible.

Published in The Rising Nepal daily on 9 April 2025.