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Kumari Bank Launches “Green Savings Deposit Account” to promote Sustainable Development and Environmental Conservation

NIMB
Himalayan Bank

In alignment with the national and international commitments toward achieving the Sustainable Development Goals (SDGs), Kumari Bank Limited has introduced a new deposit scheme titled “Green Savings Deposit Account.” This initiative reflects the Bank’s dedication to promoting sustainability through its services, operations and business partnerships.

Based on the principle of “One Account, One Tree,” Kumari Bank will plant one tree for every account opened under this scheme. By doing so, each depositor will contribute indirectly to environmental protection and conservation. In addition, account holders will enjoy the following attractive benefits:

• 0.25% higher interest rate as compared to regular savings accounts
• Insurance coverage for account holders
• Free mobile banking services for two years
• Foneloan facility up to NPR 200,000 (subject to eligibility)
• One tree planted for every account opened

According to Mr. Arpan Paudel, Head of Sustainable Banking department of the Bank, the funds collected through this scheme will be utilized to finance projects that promote sustainable development and create positive environmental impact. Moreover, the tree plantation initiative ensures a dual contribution to environmental conservation. The “Green Savings Deposit Account” is available at all branches of Kumari Bank. Interested customers can obtain detailed information by visiting the Bank’s website or contacting their nearest branch.

For the past 24 years, Kumari Bank has been continuously providing reliable banking services across the country. The Bank remains actively involved in various projects under its Corporate Social Responsibility (CSR) framework to promote financial literacy and support other sustainable development goals. With a strong network of 302 branches, 317 ATMs, 50 extension counters and 48 branchless banking units across Nepal, Kumari Bank continues to deliver innovative, accessible and efficient financial services to its valued customers.

 

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