Savings Account

Save now to invest in your future.

A savings account is a basic type of financial product that allows you to deposit your money and typically earn a modest amount of interest. An individual or a pensioner of National Provident and Pension Fund (NPPF) can open a savings account.

Pension accounts are offered to private companies, business firms, NGO etc for opening a pension account for their employees.

4.5%

Interest Rate

Interest rate for savings and pensioner savings account.

We offer interest rate of 4.5 % on savings account as well as pensioner savings account.

4.5%

Normal Savings Account

All Bhutanese nationals above the age of 15 years can open and operate a savings deposit account.

In some special circumstances, firms/corporations/government agencies are allowed to operate a saving account each.

Features.
  • No minimum balance required to open and maintan account
  • No restriction on maximum balance
  • Annual account maintenance fee of Nu. 150.00 only
  • No limit in the withdrawal to earn interest
  • Free cheque book, ATM card, Internet Banking, SMS facility and B-wallet service
Eligibility.
  • Individual
  • On behalf of minors
  • National and International Non-Government Organization (NGO)
  • Religious Bodies/Organization
  • Trust, Societies, Foundation, Association and Community Based Organization
  • Educational Institutions
Requirements.

  • Duly filled in application form
  • Two passport size photographs
  • Citizenship Identity card copy
  • Letter from the National Pension and Provident Fund (NPPF) office.

  • MOU between the company and BNB
  • Letter from the company to open Pension account
  • Duly filled in application form
  • Two passport size photographs of the employee
  • Citizenship Identity card copy of the employee

Pensioner Savings Account

The Pensioners account is opened by the pensioners of National Provident and Pension Fund (NPPF).  All Bhutanese Pension account holders can operate pensioners savings account.

Additionally, pension accounts are offered to private companies, business firms, NGO etc. for opening a pension account for their employees.

Features.

Pensioners Account

  • Used only for pension payment
  • Submit quarterly status report to NPPF

  • Used only for pension payment
  • Jointly operated by the authorized signatory of the company
  • No other transaction is allowed other than the pension payment
  • Offers higher interest rate than the regular savings account
  • Withdrawal and closure of account is allowed only on the written instruction of the company.
Eligibility.

an individual should be a pensioner

Requirements.

  • Duly filled in application form
  • Two passport size photographs
  • Citizenship Identity card copy

  • Duly filled in application form
  • Two passport size photographs
  • Passport copy
  • Work permit document issued by the Ministry of Labour and Human Resources (MOLHR)
  • Marriage Certificate Card
  • Letter from the employer in Bhutan

  • Duly filled in account opening application form
  • Two passport size photographs each
  • Citizenship Identity card copy of all the joint account holder
  • Such joint accounts can be operated on the following mode:
  • Either or Survivor
    • Anyone or Survivor
    • Any two or survivor
    • Jointly by all
    • Former or Survivor
    • Latter or Survivor