Khalti Launches Nepal’s First Wallet-Based Recurring Smart Deposit in Partnership with Manjushree Finance
Khalti, a well-known digital wallet in Nepal, has launched a new feature called Wallet-Based Recurring Smart Deposit in partnership with Manjushree Finance. This feature allows users to open and manage a recurring deposit account directly from the Khalti app, making it the first time such a saving option has been offered through a digital wallet in Nepal.
While recurring deposits (RDs) are already available through banks and financial institutions, Smart Deposit makes it possible to do this digitally without visiting a branch.
Key Features of Recurring Khalti Smart Deposit
Funds deposited through this feature are transferred to Manjushree Finance, and the interest is applied based on their regularly published rates. The entire process follows the guidelines of the Nepal Rastra Bank.
- Start with just Rs. 100
- Choose deposit intervals: daily, weekly, or monthly
- Tenure options: 6 months to 60 months
- Open and track deposits within the Khalti app
- Interest rates as per Manjushree Finance’s RD rates, updated monthly
Statements from Khalti and Manjushree Finance
“Smart Deposit helps users save small amounts regularly without the need for physical banking,” said Basanta Dahal, Head of Business Partnership at Khalti.
Tej Raj Timilsina, CEO of Manjushree Finance, added: “Users who already use Khalti for digital transactions can now open a recurring deposit account easily and save both time and effort.”
Why It Matters
Khalti’s wallet-based recurring smart deposit is a useful feature for individuals who want a convenient and flexible way to save regularly, especially those who prefer handling their finances through mobile apps. With low entry requirements and in-app tracking, this service may appeal to students, freelancers, and regular users of digital wallets.
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