Current NGO

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/NPOs(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 500 & USD/EUR/GBP 7

Rate of Interest p.a

Product Level - Zero

Account Closure charges

AFN 500 and USD/EUR/GBP 10.

Non maintenance of Minimum Balance fee

AFN 300 USD/EUR/GBP 6

Statement required: Yes

Free

Statement Charges

For Local NGOs Monthly once Free / For international NGOs Free any time

Duplicate statement charges

250 AFN (It’s free for international NGOs)

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 900. 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

Contact

Contact our department for any help


Email
customerservice@azizibank.af

Phone
+93 (0) 701 80 15 15 (International)
15 15 (Domestic)

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