The National Cooperative Bank Limited (NCBL), since its establishment in 2003, has been committed to helping the cooperative sector next its economic aspirations
NCBLNational Cooperative Bank Limited (NCBL) was established in 2003, as the only bank in the cooperative movement of Nepal at national level, in exercise of the power conferred by the sub-section 4 of section 26 under the then prevailing Cooperative Act, 1992 (first amendment, 2000) and from the recommendation of Nepal Rastra bank (Central bank of Nepal) as an umbrella institution to provide banking and financial services to all its member cooperatives following the long and continuous demand and efforts of cooperators
The co-operative societies of savings and credit banks should be stratified by giving high priority to the financial side as well as the non-financial side
After filling the complete form of the bank, the co-operative union/society is contacted by the
union / society and the union/ institution has been called to the branch office, at that time the
association/ institution should be present with the entire document
Members can in turn enjoy 24x7 ATM cash withdrawal and easy payments to POS and e-Commerce merchants through their account maintained at their cooperative
Based on the proposal passed by the annual general meeting, the NCBL Board has established a training department with a training sub-committee at its head office to conduct regular training programs for its members
The loan period can be shorter than the term of the deposit, and the interest rate on the loan is set at 2% higher than the interest rate on the related savings account
s term can be shorter than the fixed deposit term, and the interest rate on the loan is set at 2% higher than the interest rate on the related savings account
Based on the resolution passed by AGM, NCBL board has established training department at its head office along with training subcommittee for regular conducting training programs to its member
