Kathmandu. Manjushree Finance has launched a ‘Smart Deposit’ facility that allows savings through digital wallets in collaboration with Khalti. The company believes that the latest technology like Smart Deposit, launched in collaboration with Manjushree Finance and Khalti, will make the use of technology more widespread in financial transactions.
The company has stated that all customer members who are doing their financial transactions through Khalti can easily open an account with Manjushree and conduct their transactions. This will save the time spent on visiting a financial institution to open an account and it is believed that it will be easier to conduct financial transactions, said Tejraj Timilsina, CEO of Manjushree Finance.
According to the company, through this service, Khalti users will be able to save a certain amount from their wallet on a daily, weekly or monthly basis. The savings period can be selected from 6 months to 60 months, and the minimum deposit can be started from Rs 100.
As per the directives of Nepal Rastra Bank, the digital savings feature like ‘Smart Deposit’ launched in collaboration with Khalti and Manjushree Finance is believed to further support Nepal Rastra Bank’s goal of expanding financial access. It is believed that the services and facilities provided through such latest technology will strengthen digital inclusion and contribute to sustainable economic prosperity.
Currently, under this smart deposit facility, Manjushree Khalti savings account can earn 5 percent interest per annum and Smart Recurring account can earn 7 percent interest per annum, according to the company.
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