Frequently asked questions on Bidhyarthi Bachat Account.


1. What is a Citizens Bidhyarthi Bachat Account?
It's a savings account for the Nepalese students with minimum age of 16 years and maximum age of 50 years. Students with valid ID card are eligible to open this account.

2.How do I approach Citizens Bank to open a Citizens Bidhyarthi Bachat Account?
You can approach us in any of the following ways:
Write to us using the "Email Us" option
You can just walk into any of our branches.


3. What is the minimum balance required to be maintained for a Citizens Bidhyarthi Bachat Account?
No minimum balance required to open an account.

4. What is the Interest rate in Citizens Bidhyarthi Bachat Account? Interest rate may vary from time to time, presently it is 6.50% p.a.

5. At what frequency will the interest be paid to me?
Interest earned on your Citizens Bidhyarthi Bachat Account balance shall be credited to your account on Quaterly basis in the month end of Poush and Asad.

6. Do I need an introduction from an existing account holder?
The Bank needs no introduction from an existing accountholder if you are submitting proof of identity and address documents, as prescribed. However if you do not posses any of the address proof document then an introduction from an existing accountholder, having satisfactory relationship, is required.

7. Whom can I include as Joint Applicants?
Anyone can be included as a joint applicant for a Savings Account except a minor (less than 16 years of age).

8. How can I change the nominee(s) for my Citizens Bidhyarthri Bachat Account?
You can change the nominee(s) by making a declaration to that effect, in the appropriate form, which is available at any of the branches.

9. Do I have any facility for Standing Instructions?
Yes, you can set up standing instructions through your Citizens Bidhyarthi Bachat Account. A few examples of the same are as below:
Transfer to a Fixed Deposit.
Make recurring payments like Instalments etc.

10. What are the different channels through which I can access my Citizens Bidhyarthi Bachat Account?
You can access your Savings Account through:
Citizens Bank branches
www.ctzn.com
SCT Network ATMs
SMS Banking

11.What other benefits do I get by opening this account?
Citizens Bank offers following additional benefits to its valued customers:
Free issuance of Citizens Debit Card.
Free Statement upon Request
25% discount on Draft Issuance
25% discount on issuance of Travelers Cheque
No fees on Inward Remittance