Category: Personal Savings
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KATHMANDU, May 18: According to a study conducted by YouthSave Consortium, a total of 7,775 youth from various parts of Nepal opened accounts in different branches of Bank of Kathmandu (BoK) between 2010 and May 2015. The total net saving balance of these accounts reached USD 268,000 with an average saving balance of USD 35.

Similarly, the findings of the same study suggest 16 to be the average age in which young Nepalis open their personal savings account. Eighty-two percent of the research subjects were found to fund their savings from parents while 15% of them saved from their personal income.