Global IME Bank goal based saving plan: what is it and how does it work?

Global IME Bank has launched a new savings plan called goal-based saving. This plan allows mobile banking users to set a financial goal and save money step by step to reach it.

Customers can set a target amount starting from 50,000 rupees up to 500,000 rupees. The saving period can be as short as 6 months or as long as 2 years. The mobile app will show how much needs to be saved each month, how much interest will be earned, and when the goal will be completed.

How does it work?

The money can be saved directly from the primary account automatically, or customers can choose to deposit it themselves each month. Customers can also add extra money to their goal at any time and even close the account before the set time if they wish.

One unique feature of this plan is round-up saving. With this option, every time a customer makes a QR payment, a small extra amount is added to their savings goal. The app offers three choices: nearest to, flat amount, or percentage. For example, with the percentage option, if a person sets 10% and spends 200 rupees, then 20 rupees will go into the savings account.

Global IME Bank says it will provide higher interest rates on money saved through this plan. All processes, from setting the goal to tracking progress, can be done through the Global Smart Plus mobile app.

The bank is one of Nepal’s largest private banks and has won multiple international awards, including Best Bank titles from Global Finance and EuroMoney. It operates across all 77 districts with more than 1,000 service centers, including branches, ATMs, extension counters, and international offices. Along with banking services, the bank also provides remittance services from countries such as the United States, United Kingdom, Canada, Australia, South Korea, Japan, Saudi Arabia, Qatar, and many others.