Current Deposit Account
Bank of Bhutan offers you an easy and safe way to conduct all your Banking Operations. With BoB Current Account get your cheques collected quickly, make easy payments & withdrawals. Bank will also execute Standing Instructions (SI) on your behalf to make Banking experience smooth.
ELIGIBILITY
Current Deposit Account can be opened by:
INTEREST RATE
CLICK HERE to view the interest rate.
REQUIRED DOCUMENTS
| Eligibility | Documents Required |
|---|---|
| 1. Individual, either or survivor, jointly with other individuals | ✓ Two passport sized photographs ✓ Citizenship Identity Card/Passport photocopy ✓ Rubber stamp and business license for individual businessman |
| 2. Firms – Sole Proprietorship | ✓ Trade License photocopy ✓ Citizenship Identity Card/Passport photocopy ✓ Letter of Authority & photographs of the persons operating the Account ✓ Rubber stamp of the firm ✓ Two passport sized photographs of the proprietor |
| 3. Partnership | ✓ Partnership Deed ✓ Trade License Photocopy ✓ Citizenship Identity Card/Passport photocopy of Partners ✓ Rubber stamp of the firm ✓ Two passport sized photographs of the each partner ✓ Copy of the latest financial returns of the partnership ✓ Any official valid document identifying the partners and the persons having power of attorney and their address |
| 4. Clubs, Societies, Associations | ✓ Application letter ✓ Article of association ✓ Certificate copies of by-law/rules/constitution of the club ✓ Board Resolution ✓ 2 passport sized photographs of each officer holder ✓ Citizenship Identity Card copies of each officer holder ✓ Rubber stamp ✓ Copy of the latest financial reruns of the company or, if no return is available, an estimate of annual income |
| 5. Limited Companies, Government Corporations, etc. | ✓ Memorandum & Article of Association ✓ Copy of Board of Directors resolution Authority of the Company to open & operate the Account ✓ Citizenship Identity Card copy of the directors and key executives ✓ Trade License ✓ 2 passport sized photographs of the directors and key executives ✓ Certificate of Incorporation ✓ Rubber stamp of the company ✓ Letter of authority (Signature of authorized person who will conduct bank transaction) ✓ The latest financial returns of the company or, if no return is available, an estimate of annual income |
| Minimum Balance | Nu.1,000/- |
DORMANT ACCOUNT
All dormant current accounts will be levied a dormancy fee of Nu.200/-per annum.
CHEQUE BOOKS
To enable customers to withdraw money or make payments to third parties, the Bank supplies Cheque Book containing printed cheque leaves to customers. Cheques should be kept under lock and key and bank should be informed immediately in case of theft or misplacement.
STANDING INSTRUCTIONS (SI)
SI refers to the instruction given by the customers to the Bank to undertake certain transactions weekly, fortnightly, monthly, quarterly, half-yearly or annually on their behalf. However, customers should make sure that their account has sufficient balance to carry out the instructions. No charge/additional charge will be made for noting standing instructions(SI). Our usual charges while undertaking SI, like exchange on drafts, postage etc. would however, be recovered from the account along with the amount remitted or transferred.
CLOSURE OF ACCOUNT
Account can be closed as and when desired by the account holder with reason specified in the account closure form. An account can be closed only at the request of all signatories.