Azizi Bank

Account type	Current
Transaction Charges	Nil

Below are the parameters and product features for Current KIDS product.

Current Kids accounts are for individuals desirous of having bank account to save their funds which are accessible to them any time across the counter/Alternate channels.

Eligibility	Under age of 18
Operations in the Account	Account to be operated by guardian till the minor attains the age of 18 years.
Currency	Afghani (AFN) and USD (only two currencies allowed)
ATM Card	Eligible
Daily ATM withdrawal limit	AFN 2,500 (or eq)
Minimum Amount/Balance	AFN 500, USD/50
Maximum Amount/Balance	No limit
Tenor	No fixed tenor. Payable on demand.
Standing Instructions required	Facility Available.
Standing Instructions Setup charges (one time)	For credit of Kids Account from parents/Guardian’s account Free
Account Opening Charges	Account Opening Charges Nil – Free
Monthly Maintenance	Nil – Free
Rate of Interest p.a	NA
Account Closure charges	If closed within 3 months. AFN 500 and USD 10 (except in case of death it is NIL). After 3 months-NIL
Online Payment( Master Card )	5000 AFN / Equivalent
Non maintenance fee (Monthly)	AFN 100/ USD 2
Statement required	Yes
Statement Charges	Monthly once Free.
Duplicate statement charges	150 AFN up to 10 pages each or part thereof. 3 USD/EUR/GBP up to 10 pages each or part thereof
Duplicate ID Card charges	Free
Cheque book	Not to be issued except special approval by COO.
Cheque book charges	NA
Stop payments/return cheque books charges	Not applicable
SMS Alert Charges	Free
Purpose	Personal: Personal deposit for Child’s future
Eligible sectors	Only individuals
Acceptable KYC	AOF and CIF forms (CIF for Kid and Parent/Guardian separately) duly filled in Copy of birth Certificate, Tazkira or Valid Passport for Afghans Copy of Passport + Valid Visa and valid work permit for foreigners Copy of Court letter confirming the custodian of the minor (in case the guardian is other than the father or mother) Copy of Tazkira or valid passport of the Guardian Copy of passport with valid visa of the guardian being a foreign national In case of guardian income source being from business, copy of business license In case of guardian income source being from rent of property, copy of Rent/Lease agreement In case guardian salaried employee, copy of employment letter/Agreement In case of guardian Income being from other sources any other valid supporting documents TIN for Parent/Guardian Copy of Proof of address
Re-KYC	Every 12 months
BIS Registration	Mandatory (for both Kid and Parent/Guardian)
Internet Banking Registration	Free
Customer ID card	Free
Account Balance Certificate required	Yes
Account Balance Certificate	AFN 250 & USD 5
Interest Certificate required	NA
Interest Certificate	NA
BC issue against account required	Yes
BC issue against account	0.10% of face Value-Minimum AFN 600 & Maximum AFN 60,000. 0.10% of face Value-Minimum USD 10 & Maximum USD 1000.
Cancellation of BC	AFN 250 & USD 5
Attestation of Signatures/Issue of any other Certificate/letter AFN 100 & USD 2	AFN 100 & USD 2
Inoperative	Period 12 months
Dormancy Period	10 years
Special Instructions	Account shall be operated by parent/Guardian One CIF shall be created for Minor and another for Parent/Guardian. Both CIF will be linked to the Account.
Title of Account	‘’’XYZ u/g ABC’’ XYZ=KID ABC=Parent/GuardianFdupli

Current kids account

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