Document requirement:
Following documents are required to open a Current / Savings Account with the Bank.
- Personal Account
- Personal Identification (Citizenship Certificate / Passport)
- Nominee Declaration
- Proprietorship Account:
- Declaration of sole proprietorship
- Copy of Registration Certificate
- Partnership Account:
- Letter of Partnership duly signed by all partners.
- Copy of the Partnership Agreement
- Certified copy of Partnership Registration
- Account of corporate bodies, Copy of:
- Memorandum and Article of Association of the Company
- Resolution of Board of Directors to open and operate an account
- List of directors duly signed by respective Directors with home address and phone
numbers
- Certificate of commence of commencement of business
- Accounts of clubs, societies and associates ( all documents to be duly certified by the
charity):
- List of Office Bearers
- Copy of by-laws
- Copy of Resolution to open and operate the account
- Name and signature of persons authorized to operate the account
- Copy of the Registration Certificate.
Current Account
- Initial deposit of NRs. 5,000.00 must be made to open a current Account in local currency
and USD 100.00 or equivalent in foreign currency A/C which is also the minimum balance
acceptable by the Bank to maintain the account. Any balance below minimum will be liable
to incidental charges as fixed by the Bank from time to time.
- Interest on the Overdrawn Current Account will be charged on daily products at the
prevailing rates and debited to the account on every Nepali month end..
- Foreign currency A/C can not be overdrawn, as per the regulation.
Savings Accounts
- Interest will be calculated and credited to depositor's Savings Accounts on minimum
monthly balances bi-annually.
- Initial deposit of NRs. 2,500.00 must be made to open the local currency A/C and USD
50.00 or equivalent in foreign currency A/C which is also the minimum balance acceptable
by the bank to maintain the account. No interest will be calculated for balance less than
specified above.
- Savings A/C cannot be overdrawn.
Product & Services | Nostro Banks | Funds Transfer
Account Openning - Ducument Requirement - General Rules | Coresponding Addresses

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