Azizi Bank

We propose to launch a new product dedicated for NGOs/NPOs. Presently we are opening NGO/NPO accounts under Current Corporate product. We believe NGO sector needs a special product for below reasons:

To have special attention on these accounts from KYC/REKYC/AML point of view as NGOs/NPOs are more prone to be high risk
To have better product and enhanced value added-services to this sector
For better relationship Management

We propose to open all fresh NGOs/NPs(foreign and local) under the proposed new product.

Existing NGO accounts will also be migrated to new product.

Below are the parameters and product features for the proposed Current NGO product.

Eligibility	NGOs/NPOs (Foreign and Local) having License from Ministry of Economy
Type of Account	Current Account
Purpose	To facilitate Transactions for NGOs
Eligible sectors	Only Registered NGOs and NPOs
Acceptable KYC	AOF and CIF forms Executive committee's decision regarding open, operate & close bank account printed on the letterhead of the NGO matching the name on the license and should be stamped & signed by the authorized signatory Original Board Resolution (in case of a foreign NGO, attested copy of the board resolution by the relevant embassy and ministry of foreign Affairs Afghanistan) on letterhead with signature and stamp. Board resolution should also specify the mode of operation of account by the signatories and their photo and specimen signatures Copy of valid license (MOE) Name and address of Executive committee List of Directors/mem Telephone No. and email address Tazkra or passport copies of the Authorized signatories Letter of introduction of authorized signatories from MOE In case of foreigner authorized signatories, copy of valid passport along with valid visa and valid work permit Copy of Articles of Association and Memorandum of Association, Constitution of the NGO Copy of TIN for signatories as well as NGO Copy of Proof of address of NGO.
ATM Card	Not Eligible
Minimum Amount/Balance	AFN 10,000, USD/EUR/GBP 300
Maximum Amount/Balance	No limit
Standing Instructions required	Facility Available
Minimum amount of cash withdrawal allowed (Not at the time of closure of account)	AFN 500, USD/EUR/GBP 50
Tenor	No fixed tenor. Payable on demand
Standing Instructions required	Facility Available
Standing Instructions charges	AFN 250 & USD/EUR/GBP 5
Account Opening Charges	Nil – Free
Monthly Maintenance Fee	AFN 250 & USD/EUR/GBP 5
Rate of Interest p.a	Product Level - Zero
Account Closure charges	If closed within 3 months. AFN 500 and USD/EUR/GBP 10. After 3 months-NIL
Non maintenance of Minimum Balance fee	AFN 300 USD/EUR/GBP 6
Statement required: Yes	Free
Statement Charges	Monthly once Free
Cheque book charges	NA
Duplicate statement charges	250 AFN up to 10 pages each or part thereof. 5 USD/EUR/GBP up to 10 pages each or part thereof
Duplicate ID Card charges	AFN 250. USD/EUR/GBP 5.
Transaction count per month	Withdrawals are allowed any number of times
Transaction Charges	Free
Cheque book charges	AFN 500. USD/EUR/GBP 10 per Cheque book
SMS Alert required	Optional
SMS Alert Charges	AFN 100. USD/EUR/GBP 2
Transaction Alert	Yes
Cheque Book Issuance Alert	Yes
Cheque Book Fee Alert	Yes
Maintenance of Minimum Balance Fee Alert	Yes
Non Maintenance of Minimum Balance Alert	Yes
Non Maintenance of Minimum Balance Fee Alert	Yes
Account Opened Alert	Yes
Account Closed Alert	Yes
Account Level Message facility	Yes
Account Level Message facility	Yes
Standing Instruction Registration Alert	Yes

Current NGO

Randam Pages

Contact