Kathmandu, September 27:

Laxmi Bank has launched a new automated service that allows its customers to bank through email.

The service, which is the first of its kind in Nepal, comes right to customer’s desktop, providing with instant updates of the transactions, states a press release issued here today by the bank.

The bank’s customers, who have signed up for the email banking services receive advice in the form of an email on a nominated email ID as soon as a debit or a credit transaction is made to their account. This service allows the customers not only to get instant updates about their banking transactions but also provides alerts on loan repayments, e-statements for credit cards, exchange rates, newsletters, fixed deposit and credit expiry details.

“The service keeps customers informed and helps them to monitor their accounts more closely,” says Jiwan Limbu, head of the IT department at Laxmi Bank.

Apart from a strong technology that supports the bank’s electronic service delivery channels such as internet banking, SMS and now eMail, Laxmi Bank continues to increase its distribution network, states the note.