Provident Fund Account

Provident Fund

Checking Business Account

The Provident Fund Solution Account shall have a special time deposit feature. The Account shall benefit different (private, NGO) organizations and their employees with attractive interest rate along with access to loan facility.

What’s in it for you?
  • A customer using this account can earn attractive interest rates plus bonus shall be calculated per annum as per the policy and procedures of the Bank;
  • Provident fund account is a borrowing account (There will be credit facility of any kind on this account as per the policy and procedure of the Bank).
  • No minimum account opening balance and zero charges for debit transactions.
  • The Bank may provide account statement monthly free of charge.

Requirements
  • Letter of request to open and operate the account signed by the employer along with the list of the employees as the employer/organization shall be the guardian of the account until the contract of the employees will be terminated.
  • Copies of acceptable means of identification of the employees (Driver’s License, passport, I.D Card, and any other acceptable identification document deemed fit by the Bank)
  • Two passport size photographs of the employees.
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