CURRENT DEPOSIT ACCOUNT
No limit on deposits and withdrawals.
Product Features
- Individual, Joint, Company, Societies, Club Association, Sole Proprietor, Partnership
- Bearer or Order cheque book
- Ks 125 per 25 pages cheque book with stamp duty
- Ks 10,000 initial deposit
- Ks 10,000 minimum balance
Required Documents
Opening an Individual Account
- Complete application form with signature
- Copy of NRC/Passport
- 2 Guarantors/Referrers
Opening a Joint Account (More than one account holder)
- Two (or) more persons can open a joint account
- Complete application form with signature
- Copy of NRC/ Passport
- 2 Guarantors/Referrers
- For withdrawal, please mention clearly names and number of persons who will be designated to sign (Either one person (E Or S) or two persons out of three person joint account or two persons out of two person joint account)
Terms & Conditions
Withdrawal with Cheque
- Withdrawal can be done by using a cheque. If there is any amendment on the cheque, the account holder has to sign to acknowledge the amendment. For personal current account, the account holder can withdraw any time by himself or herself. Co-sharing accounts with more than one account holder can withdraw with any one of the holders’ signatures.
- For business current account, person who has the Power of Attorney approved by Board of Directors’ resolutions can withdraw.
- No limitation on amount and number of withdrawals. Debit authority can be activated when there is not enough money in the current account. The current account can be connected with savings account and transfer the money internally.
Closing the Account
- The current deposit account can easily be closed at the branch where the account was opened by the account holder.
- Unused Cheque must be resubmitted.