According to a press statement issued by the bank, the newly introduced scheme is designed to cater to the banking needs of the parents as well as children of any age.
"Interested individuals can open an Ace Rhino Account with minimum balance of NRs.100 for children and Rs 1,000 for parents. This account will be saving Account by nature with interest rate of 6.5% per annum payable quarterly on monthly minimum balance," read the statement. Ace Rhino Account holders will be entitled to benefits like free Ace Visa Debit Card, free American Express Traveler’s Checks, and discounts on locker services, free e-banking, free SMS banking and ABBS facility, among others.
Ace uses the symbol of the one-horned rhino as its mascot as it believes this will create awareness for conservation of the one-horned rhino. Ace’s Visa Debit Card is valid in Nepal and India.
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