Why is NIC ASIA Bank the best bank in Nepal? (2024)

Why is NIC ASIA Bank the best bank in Nepal? (1)

The best bank is one with easy availability of banking services, and other benefits add more flavor to the banking experience, right? NIC ASIA provides you with just that. It is best in all that it offers. Being the best bank to open accounts in Nepal, it remains the best in providing excellent digital banking services in Nepal. Not just this, there are many reasons why NIC ASIA bank is the best bank in Nepal. Let us go through it in this blog!

Table of Contents

NIC ASIA Bank: A brief history

Why is NIC ASIA bank the best bank in Nepal?

Digitally advanced system – iServe

Sarbashrestha range of saving accounts

Customer-Centric

Full fledged NIC MoBank App

IPO and meroshare benefits

Final takeaway

NIC ASIA Bank: A brief history

NIC ASIA Bank is the first merger bank between two commercial banks in Nepalese Banking history. NIC( Nepal Industrial and Commercial Bank) was founded in 1998 and later merged with Bank of Asia and came into full-fledged operation in 2013. The Banker, Financial Times, UK awarded it with “Bank of the Year 2013-Nepal”. With its successful completion of 26 years of operation, NIC ASIA Bank remains the best bank in Nepal even today.

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Today, NIC ASIA has 360 branches, 556 ATMs, 110 extension counters and 61 branchless banking. With A massive customer base and established reputation in the market, it has earned the title of the top bank in Nepal.

Why is NIC ASIA bank the best bank in Nepal?

What makes a bank “the best”? There are several determinants to designate the bank with such a title. NIC ASIA bank is the best bank in Nepal, and here is why:

Digitally advanced system – iServe

NIC ASIA bank is the most digitally advanced bank in Nepal. It has developed the most competitive model: iServe- All digital solutions in one platform. iServe is a convenient self-help banking platform where customers can avail of mobile banking services, customer services, teller services, card services, and online Demat services under one roof. The iServe service is not available in any bank in Nepal other than NIC ASIA Bank.

Sarbashrestha range of saving accounts

NIC ASIA bank offers a wide range of products and services. It has continuous upgradation on the existing products and constant research and development on the new products. The most recent product of NIC ASIA Bank, “Sarbashrestha Bachat,” is the first-ever product in the country with varied schemes to maximize the wealth of the customers in a savings account. With Sarbashrestha’s range of saving accounts, NIC ASIA promises the customers investment through saving, ensuring maximum banking experience.

Customer-Centric

NIC ASIA Bank has always had a customer-centric approach. In the constant race to be the best, NIC ASIA is in the perpetual process of exploring the customer needs, bringing the best products and implementing those effectively. With the availability of its services on most digital platforms, NIC ASIA Bank allows its customers to enjoy the benefits of digital media like no other bank. Not only this, NIC ASIA Bank constantly strives to stand out from the other banks to add value to the customer by wishing customers on their birthdays, updating with the bank’s new policies and many more.

Full fledged NIC MoBank App

NIC ASIA Bank has the full-fledged NIC MoBank App that offers easy and secure fund transfer, easy access to account information, easy utility payments and many more daily and important transactions with utmost security. The NIC MoBank is effective and available 24/7 ensuring top-notch customer convenience.

You can easily download the NIC MoBank App from the playstore.

IPO and meroshare benefits

Share markets have been increasingly popular among the general public as an emerging investment practice. With NIC ASIA Bank, the processing and application of the IPO get much more manageable! The MoBank app of NIC ASIA bank provides easy access to apply for an IPO without needing a DEMAT number and CRN number. NIC ASIA Bank offers the customers to enjoy the share market with safe and reliable investing. You can further expand your knowledge about IPO on NIC ASIA Bank’s website.

Final takeaway

Along with all these unique offerings of NIC ASIA Bank to the customers, it has become an excellent bank in terms of digital and transaction banking, excellent wealth maximization service, varied insurance benefits, great interest rates, easy deposits, and easy availability of loans and many more. And this makes NIC ASIA the best bank in Nepal.

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Why is NIC ASIA Bank the best bank in Nepal? (2024)

FAQs

Why is NIC ASIA Bank the best bank in Nepal? ›

NIC ASIA bank is the most digitally advanced bank in Nepal. It has developed the most competitive model: iServe- All digital solutions in one platform.

Which bank is the best in Nepal? ›

Global IME Bank has been recognized as the best bank in Nepal for 2024 in terms of long-term reliability, financial resource mobilization, geographical expansion, strategic relationships, professional development, customer-centric services, credit rating, and more.

What do you know about NIC ASIA Bank? ›

NIC Asia Bank Limited is one of the large sized reputed private sector bank of Nepal. The Bank was incorporated in 1998 by a few some of the prominent business houses of the country, current shareholding pattern of the Bank constitutes of promoters holding 51% of the shares while 49% is held by the general public.

Which bank is the biggest bank in Nepal? ›

Rastriya Banijya Bank (RBB), Nepal's largest bank, is considering opening branches in both China and India, the two neighbouring countries, a senior bank official said.

Is Nic Asia closing down? ›

NIC Asia Bank Limited (NICA), known for its commitment to responsible banking, has refuted false claims circulating in the media regarding the closure of its branch offices. With a legacy of 26 years, the bank has played a pivotal role in sustaining the national economy.

Which bank is a grade in Nepal? ›

Class A: Commercial banks
Bank NameEstablishedHeadquarters
Machhapuchhre Bank2012Lazimpat, Kathmandu
Nabil Bank1984Teendhara, Kathmandu
Nepal Investment Mega Bank2023Durbarmarg, Kathmandu
Nepal SBI Bank1993Kesharmahal, Kathmandu
16 more rows

Which bank is best for international transactions in Nepal? ›

Below is the list of Nepalese banks best suited for overseas Nepalis .
  • Nabil Bank Ltd. ( NABIL)
  • Rastriya Banijya Bank Ltd. ( RBB)
  • Nepal Investment Bank Ltd. ( NIBL)
  • Standard Chartered Bank Nepal Ltd. ( SCBNL)
  • Himalayan Bank Ltd. ( HBL)
  • Sanima Bank Ltd. ( Sanima)
  • Everest Bank Ltd. ( EBL)
  • Laxmi Bank Ltd. ( Laxmi)
Dec 3, 2019

Is NIC ASIA Bank good or bad? ›

With its successful completion of 26 years of operation, NIC ASIA Bank remains the best bank in Nepal even today. Today, NIC ASIA has 360 branches, 556 ATMs, 110 extension counters and 61 branchless banking.

Which bank merged with the NIC ASIA Bank? ›

NIC ASIA Bank was founded as Nepal Industrial and Commercial Bank on 21 July 1998. It was renamed NIC ASIA Bank on 30 June 2013 after it merged with Bank of Asia.

Is Nic Asia a commercial bank? ›

NIC ASIA Bank Limited provides commercial banking services in Nepal.

Which bank earns the highest profit in Nepal? ›

As per the Nepal Rastra Bank (NRB) data, Nabil emerged as the highest profit earner, with a net profit of Rs 4.72 billion, followed by Global IME, Prime Commercial, and Rastriya Banijya Bank, generating profits of Rs 3.43 billion, Rs 2.88 billion, and Rs 2.87 billion, respectively.

Which is the oldest bank in Nepal? ›

Nepal Bank Limited (NBL) , the first bank of Nepal proudly holds the glory of marking the formal beginning of banking system in Nepal. Nepal Bank Limited was established as FIRST bank of Nepal on Kartik 30, 1994 (November 15, 1937 A.D.) under Nepal Bank Act 1937.

Which bank is the international bank in Nepal? ›

Today, the Bank is an integral part of Standard Chartered Group having an ownership of 70.21% in the company with 29.79% shares owned by the Nepalese public. The Bank enjoys the status of the only international bank currently operating in Nepal.

What category is NIC ASIA Bank? ›

NIC ASIA Bank Limited, our parent company, is a "A" Class financial institution licensed by Nepal Rastra Bank.

Which is the best bank to open account in Nepal? ›

  • On “Asiamoney best bank award 2019: Nepal” report, they have given a tag to various bank on various basis;
  • Best domestic bank: Nabil Bank.
  • Best international bank: Standard Chartered Bank.
  • Best bank for CSR: Rastriya Banijya Bank.
  • Best corporate and investment bank: Nepal Investment Bank.
Jul 16, 2021

What happened to Nic bank? ›

CBA and NIC Banks have now merged into NCBA Group PLC and have merged their operations, creating East Africa's third largest bank.

Which is the top government bank in Nepal? ›

Three large state-owned banks still dominate the commercial banking sector: Rastriya Banijya Bank (National Commercial Bank), which is 100 percent government-owned, Nepal Bank Ltd., which is 40.5 percent government-owned, and the Agricultural Development Bank, also largely government-owned.

What are the 4 types of banks in Nepal? ›

NRB, Nepal's central bank, licenses the principal sector institutions including commercial banks, de- velopment banks, finance companies, and micro credit development banks and other institutions.

Which is the best dollar account in Nepal? ›

Dollar Account
Bank/FINameInterest Rate
Muktinath Muktinath Bikas BankUSD Savings3.25%
RBB Rastriya Banijya BankUSD Savings Account3.25%
Global IME Global IME BankUSD Savings3.00%
Prime Bank Prime Commercial BankUSD Savings Account3.00%
19 more rows

What is the highest paying job in Nepal? ›

Top 10 Highest-paying jobs in Nepal
  • Surgeons/ Doctors. The average salary for Surgeons/ Doctors in Nepal is around 300,000 NPR per month which is equivalent to 2264.64 USD. ...
  • Judges. ...
  • Lawyers. ...
  • Bank Managers. ...
  • Chief Executive Officers. ...
  • Chief Financial Officers. ...
  • Orthodontists. ...
  • College Professors.

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