FAQ

FAQ

Saving Accounts
 
A - copy of ID. · Filling the opening saving account form and given sample of signature. · Depositing minimum amount of R,O 5/ in the account name.
Yes, according to power of Attorney.
Yes, it possible on condition that he must present himself personally of through legal authorization.
Currently the rate of interest is 1% the interest is recorded at the end of June & December of each year.
The saving account will be change from moving to non moving account in case no money is deposited in the account for one complete year and its balance was in the limit of R.O ( 50/) or less on wards commission of R.O (1) will be deducted for every three months, if the balance is less than the commission, the balance what so ever be and them the account will be closed. No, interest registration or statement of account will be sent to the owners of these accounts if the account is registered as non moving.
There is NO, current accounts.
In case of closing the saving account after one year of the date of opening the saving account, no fees will be paid . Incase of closing saving account before one year passes from the date of opening the saving account, fees of R.O (1) will be imposed .
In case of closing the account after one year there will be no charges
 
In case of closing the account before one year there will R.O.1,000 charge.
There will be no charges when saving account statement is required.

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