SAVING DEPOSIT ACCOUNT

Earn interest by depositing money every month.

Product Features

  • Individual, Joint, Company
  • 8.25% p.a interest rate
  • Savings passbook (lost charges of Ks.500)
  • Ks 1000 initial deposit
  • Ks 1000 minimum balance

Documents Required:

Company

  • Form E,
  • Form 6,
  • Form 26,
  • Resolution of BOD to open account at MOB  with
    1. Account Type
    2. Authorized person to operate the open account with withdraw option.
    3. Stamp rubber seals including name, designation and company name assigned by company.
    4. Articles and Memorandum of Association with endorsement by Company Authorized Person.
    5. Company license

Terms & Conditions

Deposit/Withdrawal

  • Deposit, withdrawal and balance check can be done by showing the saving book at any branch of MOB by the account holder or by a representative appointed by the account holder.

Closing Account

  • The account closing can proceed by returning the saving book to the branch the account was opened.
  • Interest and remaining balance will be provided to the account holder once the account closing is complete.