Mahalaxmi Bikas Bank Launches Enhanced "Mahalaxmi Smart Sathi" App for Convenient Digital Banking Ahead of Festive Season

Mahalaxmi Bikas Bank has launched a refined mobile application called "Mahalaxmi Smart Sathi" in alignment with Nepal Rastra Bank’s objectives for the upcoming Dashain, Tihar, and festive season. The app offers advanced, secure, and user-friendly digital banking services. It includes several new features not found in traditional banking apps, such as:

1. Real-time fixed deposit collateral loan of up to Rs. 8,00,000, a first among development banks in Nepal.
2. Online KYC form submission and updates.
3. The ability to apply for savings and fixed deposit accounts online.
4. Self-assessment of loan eligibility and loan application submission via the app.

The app aims to increase banking access in rural and semi-urban areas, promoting financial inclusion while reducing the need for in-person visits to the bank. Available on both Apple Store and Play Store, the app will automatically update on users' devices. For more details, customers can contact 9847387524. The bank has been serving Nepal with 103 branches and over 8 lakh customers for the past 30 years under the motto "Strong Bank, Successful Partnership."