TRUSTEE SERVICE
Using our trustee services , MOB, as a trustee , holds funds of the customers and by using these funds for the benefit of another individual or group, the customers will earn interest.
Product Features
- Can open a trust account for an individual (or) Joint, an association , a Fund , a monastery or a company.
- Trustee service periods may be 3 months, 6 months, 9 months, 12 months.
- Interest Rate – 8.00% p.a
- Minimum amount –Ks.1,000,000
- Maximum amount – Unlimited
- Minimum duration -3 months
- Two weeks’ notice for discharge of trust deed
- Earn interest (on days) if the trust deed is discharged before the maturity date.
Required Documents
- NRC Copy (Trustor)
- NRC Copy (Beneficiary)
- Current (or) Savings A/C Number