It is an account specially designed for business transactions. There are no restrictions on number of credit/ debit transactions. No interest is paid on current account.

Subject to bank’s approval, a current account may be opened:

• By a person in his/her own name or jointly with other individual(s).
• In the name of firm, Club and association, society.
• In the name of Private and Public Limited Company.
• In the name of trustee, liquidator etc.
• By any other institution etc.

It is essential that the prospective customer should be introduced by an existing account holder. It is preferable that introducer should come to the bank for introduction. However in case it is not possible for the introducer to come to the bank, it is very important that signature of the introducer should be verified with utmost care and if possible the introduction may be confirmed with the introducer on telephone/in writing.

For Individual:

• Copy of citizenship certificate for Nepali national.
• Copy of Embassy registration certificate issued by Embassy of Kathmandu, as Indian national/copy of valid passport.
• Two copies of recent photograph should also be obtained.

For Proprietorship Firm:

• Declaration of Sole Proprietorship.
• Copy of renewed Firm Registration Certificate.
• Copy of renewed Income Tax Registration Certificate.
• Copy of identification paper of promoter/ account operators.
• Two copies of recent photograph of proprietor should also be obtained.

For Partnership Firm:

• Letter of Partnership duly signed by all partners.
• Copy of Partnership Deed duly attested.
• Certified copy of Partnership Registration.
• Identification papers of all partners and account operators.
• Income tax registration/renewed certificate.

For Corporate Bodies:
Certified copies of the following should be obtained:

• Memorandum and Articles of Association of the company.
• List of existing directors.
• Resolution of Board of Directors to open and operate the account.
• Company registration and Income Tax registration/renewed certificate.
• Identification papers of directors and account operators.
• Notification of appointment of office bearers as authorized account operators in case of Corporations.

For Clubs, Societies and Associations:
Certified copies of the following documents should be obtained:

• List of Office Bearers and their addresses.
• Copy of Resolution to open and operate the account.
• Name and signature of persons authorized to operate the account.
• Copy of registration certificate.
• Identification papers of account operators.
• Affiliation certificate with the Social Welfare Council or other concerned Councils.

Note: The above list is not exhaustive and documents may vary depending on the constitution of the organization.