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Home Personal Banking Deposits Empower Savings Account

Empower Savings Account

Empower Saving is to onboard the customers into the digital platform through the usage of delivery channel services (mBoB and Internet Banking).

ELIGIBILITY

Savings Deposit Account can be opened by:

  • Individual
  • either or survivor

INTEREST RATE

CLICK HERE to view the interest rate.

  • The prevailing rate of interest on Empower Savings Deposit Account is 4.75% per annum, calculated on daily product basis.
  • No upper limit on account balance.
  • The interest would be paid irrespective of number of withdrawals.

EXEMPTIONS

  • Annual Maintenance fee
  • ATM Visa Debit card processing fee.

CHARGES/FEES

The debit Transaction over the bank counter will be charged a minimal fee of Nu.150 per transaction(both cash withdrawal & Transfer transaction).

REQUIRED DOCUMENTS

EligibilityDocuments Required
For individual/Either or Survival✓ A Citizenship Identity Card photocopy
✓ Two passport sized photographs
✓ Legal stamp
For Non-Bhutanese/Either or Survival✓ Work Permit copy
✓ Passport copy
✓ Legal stamp
✓ Two passport sized photographs

DORMANT ACCOUNT

Savings Deposit Accounts are treated as dormant in case there is no operations i.e. debit or credit entry for 1 Year or more. Manual deposit will have to be made in order to activate the account.

ACCOUNT CLOSING

A depositor wishing to close his account can do so by surrendering the passbook and unused cheque leaves along with a written application to the Bank.

For further information, please contact our nearest branch.

Downloads / Links

Empower Savings Account Opening Form Customer Information Form Claim Nomination Form