Common account
features
Operations of Account:
·
The account will be operated by the
authorised person as per mandate provided during the opening of account.
·
Change in instructions for the
operations of account should be informed to bank in writing with the relevant
documents like letter signed by joint individuals for Joint accounts. Similarly
for current accounts signature of all the partners for Partnership accounts,
Board resolution for Limited company accounts, Letter issued by competent
authority for Institution and organizations accounts will be obtained.
Resolution passed by governing body for the club, Association, Religious
institute.
Account Statements:
·
The periodical account statement is
provided by Bank. You may have the internet facility with unique user ID and
password to view your account and you can generate the account statement for
your account.
Issuance of Cheque Book and
Operations by using cheque books:
- Cheque Books will be provided to you and you have to bear the
charges for the cheque book as stipulated by New Kabul Bank.
- The Bank is having every right to revise the charges as and when
required.
- Any alteration and cutting proper authorization by the drawer
requires that he has to put his full signature. It is advised that while
filling the cheque you should be careful to avoid any alteration and
cutting.
- You may stop the payment of cheque by submitting the letter duly
signed by authorised signatory. The letter should consist the name of
account and account number, customer ID, Payee’s name, Date of issue of
cheque and Amount. If these details are not provided then Bank may not
accept the request and if any losses incurred to customer then Bank is not
liable for it.
- The Bank will levy the fees for the stop payment instruction as per
the service charges stipulated by Bank and can be revised from time to
time.
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