A credit card is a payment card issued to users as a system of payment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them. The issuer of the card creates a revolving account and grants a line of credit to the cardholder, from which the user can borrow money for payment to a merchant or as a cash advance.
A credit card is different from a debit card as debit requires the customer bank account with available balance to be deducted during the transaction. Credit cards allow the consumers to perform a transaction as per the limit assigned to the card holder.
** Tap or simply wave a card at contactless enabled Point of Sales (POS) device to pay instead of inserting or swiping a card. Check if you’re Visa Card has a Contactless Indicator 
on it, then find the Contactless Symbol 
at POS device. Per transaction limit for purchase on Tap and Pay is NPR 2,000/-
Eligibility
- Any Nepalese citizen with age of 18 years and above
- For salaried, Monthly income source of NPR 15,000 or above
- For businessman, Annual business income of NPR 150,000 or above
- Applicant should not be blacklisted in Credit Information Bureau (CIB)
Documentation
Salaried
- Salary Certificate/Salary’s Bank statement (last three months)
- Copy of Citizenship/Passport/PAN
- Latest Photograph (PP Size)
Businessman/Self-employed
- Company Registration related documents/PAN.
- Audited Financial for the last 2 years.
- Latest audited Balance Sheet and statement of Profit and Loss of the Company.
- Additional documents may be required on case to case basis or as per the company nature.
- Copy of Citizenship & Latest Photograph.
Fees & Charges
| Billing Details | |
|---|---|
| Billing Date | 1st of English Month |
| Payment Date | 16th of Each English Month |
| Soft Grace Period | 1 day |
| Service Fees Related | |
| Joining Fee * | Rs. 500 |
| Annual Fee * | Rs. 700 |
| Card Re-issuance/Replacement Fee | Rs. 500 |
| PIN re-generation Fee | Rs. 150 |
| Limit enhancement fee | Rs. 750 |
| Transactions Fee Related | |
| Cash withdrawal from SrBL’s ATM | Rs. 200+ 2% of transaction amount |
| Cash withdrawal from Other Bank's ATM of Nepal | Rs. 250+ 2% of transaction amount |
| Cash withdrawal from India | Rs. 300+ 2% of transaction amount |
| Balance inquiry from SrBL’s ATM | Free |
| Balance inquiry from Other Bank's ATM | Rs. 50 |
| Others | |
| Late payment fee | Rs. 300 or 1% of overdue amount or maximum 2,000 |
| Minimum Payment | 10 % or Rs. 1,000.00 whichever is higher |
| Interest Rate | 2% per month |
| Cash Limit | 10% of credit limit |
| E-com/Online Payment Activation | Free |
| Block/Unblock Fee | Free |
*Same fees apply for Supplementary card issuance
Safety & Security
- Do not disclose credit card PIN to anyone.
- Report lost or stolen cards immediately.
- Frequently change the ATM PIN.
- Frequently check the account statement for transaction verification.
- Verify SMS/email alert after each transaction.
- Immediately contact bank for any dispute or any unusual activities found.
