Kumari Bank launches recurring deposit calculator on the occasion of Global Money Week!

KATHMANDU: Leading financial institution in Nepal, Kumari Bank Limited, announces the availability of its latest digital tool, the Recurring Deposit Calculator, on its website.

The bank has initiated this service to coincide with the 12th edition of Global Money Week. Global Money Week is an annual campaign aimed at raising awareness among youth about financial matters from a young age and educating them on identifying financial challenges and solutions. Kumari Bank Limited is committed to joining this campaign to empower the youth.

The user-friendly calculator allows customers to estimate potential returns from recurring deposits by inputting specific parameters, thereby providing greater clarity and strengthening financial planning.

Utilizing advanced algorithms, the calculator predicts possible accumulations based on the deposit amount and duration, enabling savers to determine the maturity period and potential returns accurately.

Incentivizing participation in recurring deposit schemes, the bank has integrated the calculator into its website and made various other digital tools, such as EMI calculators, readily accessible.

The Recurring Deposit Calculator is available for free use on Kumari Bank’s website, and users can also access this feature conveniently through the mobile app.

With its nationwide network of 302 branches, 314 ATMs, 65 branchless banking units, and 51 extension counters, Kumari Bank remains dedicated to providing secure, convenient, and excellent banking services.

The bank continues to strengthen its digital infrastructure and capabilities to deliver superior services, aligning with its commitment to advancing financial technology and capacity.