CALL DEPOSIT ACCOUNT
Advantages of both current and savings account.
Product Features
- Individual, Joint, Company, Association
- 3% p.a Intrest Rate (above Ks. 10,000,001)
- Ks. 10,000 initial deposit
- Ks. 10,000 minimum balance
- Daily interest calculated on balance and paid on quarterly
Required Documents:
Company
- Company Profile
- Company license
- Resolution of BOD to open account at MOB with
- Account Type
- Authorized person to operate the open account with withdraw option.
- Stamp rubber seals including name, designation and company name assigned by company.
Terms & Conditions
Deposit/Withdrawal
- Deposit, withdrawal and balance check can be done by bringing the call deposit book to any branch of MOB by the account holder or by a representative appointed by the account holder in accordance with the Bank’s rules.
Closing Account
- The account closing can proceed at the MOB branch where the account was opened by returning the call deposit book.
- Interest and remaining balance of the account will be provided to the account holder once the account closing process is complete.