General rules for Current / Savings Account

  1. The constituent(s) can only withdraw sums from his/their account by means of cheque supplied to him/them by the Bank for that particular account.
  2. Cheques should be signed as per specimen signature supplied to the Bank and any alteration in the cheque must be authenticated by the drawer's full signature.
  3. Post dated and stale cheques will not be paid.
  4. The Bank will register instructions from the drawer of a cheque to stop its payment, but it cannot accept any responsibility in case such instructions are overlooked.
  5. Collections are undertaken at the risk of the constituent(s) only. The Bank shall endeavour to collect cheques and the items as promptly and carefully as possible, but it can accept no responsibility in case of any delay or loss. All cheques and other instruments should be crossed before they are paid-in for credit of accounts. Uncleared items through credited in the account, shall not be available for being drawn against. The Bank shall have a right to debit the customers' accounts, if they are not realised.
  6. The Bank will take care to see that credit and debit entries are correctly recorded in the accounts of the constituent(s) but in case of any error, the Bank shall be within its rights to make the correct adjusting entries without notice and recover any amount due from the constituent(s). The Bank shall not be liable for any damage, loss etc., consequent on such errors.
  7. Any change in the address or constitution of the constituent(s) should be immediately communicated to the Bank. The post office and other Agents for delivery shall be considered Agents of the constituent(s) for all deliveries of letters, remittances etc., and no responsibility can be accepted by the bank for delay, non delivery etc.
  8. In the absence of contract to the contrary, the credit balance in any account in the names of two or more persons, on the death of one or more of them, shall be payable to the survivors, and if there is a debit balance, the survivors and the estates of deceased constituent(s) shall be jointly and severally liable for repayment thereof.
  9. A receipt for moneys, cheques, securities etc. on behalf of the bank is valid only if signed by duly authorised officers.
  10. The Bank reserves to itself the right to add to or alter any or all of the rules after notification and such altered or additional rules shall immediately thereafter be deemed to be binding on all constituents.
  11. The Bank reserves to itself the right to close without previous notice any account which, in its opinion, is not satisfactorily operated upon or for any other reason whatsoever which shall not be incumbent on the Bank to disclose to the constituent(s).
  12. A distinctive number is allotted to each account which should be quoted in all correspondence relating to the account and when making deposits or withdrawals.
  13. For individual accounts please fill in a Nominee form "D".
  14. Periodic statement of accounts shall be considered correct unless we receive from you in writing to the contrary within fifteen (15) days after dispatch thereof by us.

Product & Services | Nostro Banks | Funds Transfer
Account Openning - Ducument Requirement - General Rules | Coresponding Addresses

E-mail: banshi@hbl.mos.com.np