Organization : Rastriya Banijya Bank Limited (RBBL)
Facility : Student Financial Assistance Project
Country : Nepal
Website : https://www.rbb.com.np/content/student-financial-assistance-project
RBB Student Financial Assistance Project
Student Financial Assistance Fund Development Board (SFAFDB) and Rastriya Banijya Bank (RBB) signed agreement for carrying out banking and consulting services for the administration of student financial assistance trust fund on the 21st November, 2008.
Related / Similar Service : RBB Online A/C Opening Nepal
RBB, hence called as Administrator, signed agreement with sub-consultants DEVTEC Nepal (P) Ltd and Research Inputs and Development Action (RIDA) for acquiring technical support in this regard.
The main objective of the task is to administer the student financial assistance program starting from awareness raising, selection of students and disbursement of financial assistance through the different branches of Rastriya Banijya Bank.
Objectives
** launch awareness campaign
** conduct Proxy Means Testing (PMT) to select beneficiaries
** provide financial assistance (scholarship and loan) to higher secondary level and bachelor’s level students throughout the country, and
** facilitate work-study initiatives.
The program will be implemented throughout the country covering all community secondary and higher secondary schools.
The financial support will be provided to students studying in higher secondary and higher education level after conducting Proxy Means Testing (PMT) of students studying in grade 10 and 12. The program is expected to benefit altogether 7,800 students.
Requirements
Requirements for A/C opening in RBB for SFAF :
** Photocopy of Nepalese citizenship
** Photocopy of transcript of the marksheet
** Resent 3 photos – passport size
** Recommendation letter from the college/campus
** A Commitmant note (Kabuliyatnama) of the student
FAQs
1. Is RBB Visa Debit Card Secure?
Yes, RBB has started issuance of chip based EMV cards, which are secured and cannot be cloned as the normal plain plastic cards.
2. When can I get RBB chip based VISA Card?
The customers who want to new cards, renew the cards or need to replace the old cards can apply for the new cards and shall be provided the chip based VISA cards.
3. Can we directly use Debit card after getting from RBB Branch?
Yes, you can but while using card at ATM machine if the error comes as “INVALID CARD” then you have to contact your RBB Branch or directly go to RBB Card Center as your card is not activated yet.
4. Does PIN is required for POS transaction?
Yes, almost of the POS machines require PIN while purchasing the goods. The operator swap the card and give you a copy of transaction slip and your job is to see the amount and sign the one copy and present to sales operator.
To prevent the miss use from unauthorized person always sign at the back of your Debit card where expected your signature.
5. What should I do if I lost VISA debit card?
You have to Immediately Call at the RBB Card Center number which is mentioned at your VISA debit card. Bank will not responsible to any financial loss in case of delay reporting.
The reporting Time interval is 7:00 AM to 8:00 PM in normal working Day and 9:00 AM to 7:00 PM on holidays.