• Interest Rate: Equivalent to one year's highest interest rate
• Minimum Balance: 100
• Interest Payment: Quarterly

Sunaulo Bhabishya Nikchhyap Yojana is special deposit product launched by Garima Bikas Bank Ltd. The objective of this product is to mobilize and popularize the habit of savings among children and minors aged below 18 years and to tap potential young customers for Garima Bank.

Features:

• Free ABBS Facility
• Free Account Statement
• Access SMS Banking
• Internet Banking- General View only 

 Benefits:

• Children and minor below 18 years can open this account.
• Interest rate for this account always changes with change in interest of 1 year FD
• Interest rate is high and equivalent to 1 year’s Fixed Deposit rate (as per the management's decision from time to time) compared to the other savings deposit due to its long term nature.
• The account shall be opened in the name of the minor but can be operated by any of the parents and legal guardian.
• The initial deposit shall be NPR 100.00 and withdrawal is not allowed till the minor becomes major. However, Premature withdrawals are allowed in exceptional cases like:
  
  a) For the education of child. The documentary evidence should be produced
  b) For emergency medical treatment. However, the documentary evidence should be produced.
• Sunaulo Bhabishya Nikchhyap Yojana Pre-Matured Penalty rate is 30% flat based on accrued and posted interest amount.
• Interest is accrued on daily basis and payment will be made in quarterly basis & capitalized to same account.
• Debit Instrument are not issued.
• When the child reaches 18 years of age the account is closed and balance transferred to saving account opened by the minor turned adult.
• In the event of the death of the child the account must be discontinued.
• 80% loan is available against deposited amount.