DEPOSITS ARE BROADLY DIVIDED INTO
1. Demand deposits: Theses deposits accepted from the public are repayable on demand by withdrawing the same through the different delivery channels (cheques, drafts, cash withdrawals, transfers withdrawal through ATM and Internet banking and any other mode) provided by the bank.
THESE DEMAND DEPOSITS ARE FURTHER BIFURCATED INTO
a. Current Deposits: These type of accounts are aimed to facilitate the business community to enable them to avail the banking services for managing their business operations in more organized way with proper control and transference. In current account there is no restriction on the number of operations. This is a non-interest bearing account, unless agreed upon or under any specific scheme.
Eligibility: Accounts can be opened by
1. individuals & joint holders.
2. Proprietorship or Partnership firms.
3. Private & Public Limited Liability Companies.
4. Education & health institutes or any other organizations.
5. Non-profit and Non-Government organizations, clubs, societies and associations.
DOCUMENTS REQUIRED
1. FOR INDIVIDUALS
a. Customer identification (Tazkira / passport )
b. Business license
c. TIN Numbers
2. FOR OTHER TYPE OF CUSTOMERS VIZ FIRMS, COMPANIES AND SOCIAL AND NON-GOVERNMENT, NON-PROFIT ORGANIZATIONS
a. Copy of license for conducting the business from the concerned authorities.
b. Registration certificate of the organization.
c. Bye-laws and constitutions of the organization.
d. Board resolution / management decision to open account.
e. Tazkiras / passports of the persons authorized to open and operate the account.
f. TIN number (Afghanistan Tax Index Number).
g. Introduction letter from any existing customer.
FEATURES
1. Accounts will be opened in AFN, USD, GBP and EURO.
2. No account opening and account maintaining charges.
3. One cheque book will be issued free of cost on opening of the account.
4. Pass book, customer ID card, statement of account will be given free of charge.
5. ATM debit card will be issued free of charge.
6. collection of local cheques will be done at no cost.
7. Internet Banking Facilities will be provided free of charges on specific request with secured passwords.
8. For Minimum balance requirements and other features, refer the details from the relevant specific scheme.
Current account will also be opened for Margin Money purpose from the borrowers as a part of their contribution / security for obtaining fund based and non-fund based credit from the bank. In the case of Margin Money deposits, there is no stipulation of minimum balance, no minimum period and no interest will be paid on the amounts held. The margin money deposit will be kept under lien and will be released or repaid on satisfactory repayment / discharge of the liability by the borrower.