Overview
Jeevan Chakra is a deposit product, which encapsulates 7 sub-products, that aims to cater entire banking needs of a natural person from the point of birth to elderly stage of life. The novel product features offered under Jeevan Chakra, are segregated for seven different life stages to best match respective age group characteristics and to cater entire banking needs of an individual.
Sub-Products under NMB Jeevan Chakra
Balapan |
Joshila Haath |
Dridh Aakansha |
Naulo Soch |
Bishwash |
Safalta |
Prerana |
New Born to 12 years |
13 - 18 years |
19 - 24 years |
25 - 32 Years |
33 - 45 Years |
46 - 60 Years |
61 Plus Years |
Eligibility
- From Infant to Elderly (no age restriction) Nepali individual
Documentation
- Completely filled Personal Account Opening Form
- Copy of Citizenship Certificate
- One passport size photograph
Features
Since JC is a life-cycle based product, following are the key product features (generic).
- Auto transition of an account type to next in customer's lifecycle, based on customers age
- Free scheme change facility for all accounts ( Not applicable if account is transferred to Jeevan Chakra from other saving schemes)
- Free ASBA
- Multiple product features under each sub product
- Product features to match life characteristics and sub products to be separated based on individual’s age
Note: Other documents as per Bank laid down procedures, as applicable
