Current Account

The wide array of services offered to meet the dynamic requirement of modern-day business.  General banking services are complemented by credit services for business diversification, domestic and international payment for business operation and trade services.

Required Documents

  • Duly filled application form
  • Citizenship/Passport.
  • Passport size photograph.
  • Foreign Currency (FCY) income source document – for    FCY account

Frequently Asked Questions

Proprietorship firms

  • Duly filled account opening application form
  • Covering letter instructing the bank to open account with specific instructions (if any)
  • Certificate of Registration
  • Certificate of Permanent Account Number (PAN)
  • Audited financials of last financial year
  • Power of attorney (for appointment of account operators other than proprietor
  • Citizenship/Passports of proprietor and account operators
  • Passport size photographs of proprietor and account operators
  • Duly filled Personal Information Particulars of proprietor and account operators
  • Operating licenses (applicable as per nature of business)

Additional document for FCY account

NRB FCY license or Customs documents (भन्सार प्रज्ञापन पत्र) evidencing export of goods (≥USD 1,000) last financial year; as specified by prevailing foreign exchange regulation.

Exemption of audited financials: Declaration by the firm’s proprietor if the firm is not required to prepare/submit audited financials as per law.

Note: Original documents must be presented for verification by bank officials.

Partnership firms

  • Duly filled account opening application form
  • Covering letter instructing the bank to open account with specific instructions (if any)
  • Certificate of Registration
  • Certificate of Permanent Account Number (PAN)
  • Partnership deed
  • Audited financials of last financial year
  • Power of attorney (for appointment of account operators other than partners)
  • Power of Attorney given by partners for financial and administrative operations if partner is a legal entity.
  • Citizenship/Passports of partners and account operators
  • Passport size photographs of partners and account operators
  • Duly filled Personal Information Particulars of partners and account operators
  • Operating licenses (applicable as per nature of business)

Additional document for FCY account

NRB FCY permit or Customs documents (भन्सार प्रज्ञापन पत्र) evidencing export of goods (≥USD 1,000) last financial year; as specified by prevailing foreign exchange regulation.

Exemption of audited financials: Declaration by the firm’s partners if the firm is not required to prepare/submit audited financials as per law.

Note: Original documents must be presented for verification by bank officials.

Limited liability companies incorporated in Nepal

  • Duly filled account opening application form
  • Covering letter instructing the bank to open account with specific instructions (if any)
  • Certificate of Registration/Incorporation
  • Certificate of Permanent Account Number (PAN)
  • Memorandum of Association, & Articles of Association
  • Amendments to Memorandum/Articles of Association, and Certificate of Incorporation to evidence changes in name, address, business purpose etc.,
  • Share registration log to evidence current composition of shareholders (in case of non-listed limited companies)
  • Audited financials of last financial year
  • Copy of board minute (or extract certified by Company Secretary in case of public limited companies) containing decision of Board of Directors
    • to operate account,
    • enjoy account services (as applicable),
    • appointment of account operators,
    • and account operating conditions (if any)
  • Power of attorney conferred by the board on Chief Executive and other executives to perform financial transactions.
  • Citizenship/Passports of Directors, Chief Executive and account operators
  • Passport size photographs of Directors, Chief Executive and account operators
  • Duly filled Personal Information Particulars of Directors, Chief Executive and account operators
  • Passport size photograph, citizenship/passport, and duly filled personal particulars of natural persons holding 10% or more shares of the company
  • Operating licenses (applicable as per nature of business)

Additional Document for Subsidiary of Foreign Companies

  1. Notarized Certificate of Incorporation of Parent Company
  2. Notarized Articles of Incorporation (or Memorandum & Articles of Association) of Parent Company
  3. Notarized document evidencing registered address of Parent Company

Additional document for FCY account

NRB FCY permit or Customs documents (भन्सार प्रज्ञापन पत्र) evidencing export of goods (≥USD 1,000) last financial year; as specified by prevailing foreign exchange regulation.

Exemption of certificate of incorporation: Certificate of Registration not required for institutions established under specific Act of Nepal

Note: Original documents must be presented for verification by bank officials. Copy documents received from foreign countries must be notarized.

Cooperatives, Clubs and Non-Government Organizations registered in Nepal

  • Duly filled account opening application form
  • Covering letter instructing the bank to open account with specific instructions (if any)
  • Certificate of Registration
  • Document evidencing change in address
  • Certificate of Permanent Account Number (PAN)
  • Constitution
  • Amendments to Constitution, and Certificate of Registration to evidence changes in name, address, purpose etc.,
  • Audited financials of last financial year
  • Copy of minute (or extract certified by Company Secretary in case of public limited companies) containing decision of Board of Directors/Working Committee
    • to open and operate account,
    • enjoy account services (as applicable),
    • appointment of account operators,
    • and account operating conditions (if any)
  • Power of attorney conferred by the board/committee on Chief Executive and other executives to perform financial transactions.
  • Citizenship/Passports of Directors/(Central) Working Committee members, Chief Executive and Account Operators
  • Passport size photographs of Directors/(Central) Working Committee members, Chief Executive and account operators
  • Duly filled Personal Information Particulars of Directors/(Central) Working Committee members, Chief Executive and account operators
  • Operating licenses (applicable as per nature of business)
  • For Foreign currency (FCY) account: Approval from Nepal Rastra Bank or as per prevailing FCY regulation of Nepal Rastra Bank

Public and Private Trusts

  • Duly filled account opening application form
  • Covering letter instructing the bank to open account with specific instructions (if any)
  • Certificate of Registration
  • Document evidencing change in address
  • Certificate of Permanent Account Number (PAN)
  • Constitution of the Trusts
  • Amendments to Constitution, and Certificate of Registration to evidence changes in name, address, purpose etc.
  • Deed of trust formation
  • Audited financials of last financial year
  • Copy of minute of board/management committee containing decision of Board of Directors
    • to open and operate account,
    • enjoy account services (as applicable),
    • appointment of account operators,
    • and account operating conditions (if any)
  • Power of attorney conferred by the board/Management Committee (MC) on Chief Executive and other executives to perform financial transactions.
  • Citizenship/Passports of Directors/MC members, Chief Executive and Account Operators
  • Passport size photographs of Directors, Chief Executive and account operators
  • Duly filled Personal Information Particulars of Directors/MC members, Chief Executive and account operators
  • Operating licenses (applicable as per nature of business)
  • For Foreign currency (FCY) account: Approval from Nepal Rastra Bank or as per prevailing FCY regulation of Nepal Rastra Bank

Schools and Colleges

  • Duly filled account opening application form
  • Covering letter instructing the bank to open account with specific instructions (if any)
  • Certificate of Registration/Approval to operate school/college
  • Certificate of Permanent Account Number (PAN)
  • Memorandum of Association & Articles of Association
  • Amendments to Memorandum/Articles of Association, and Certificate of Incorporation to evidence changes in name, address, business purpose etc.,
  • Audited financials of last financial year
  • Copy of board/Management Committee (MC) minute
    • to operate account,
    • enjoy account services (as applicable),
    • appointment of account operators,
    • and account operating conditions (if any)
  • Power of attorney conferred by the board on Chief Executive and other executives to perform financial transactions.
  • Citizenship/Passports of Directors/MC members, Chief Executive and account operators
  • Passport size photographs of Directors/MC members, Chief Executive and account operators
  • Duly filled Personal Information Particulars of Directors/MC members, Chief Executive and account operators
  • For Foreign currency (FCY) account: Approval from Nepal Rastra Bank or as per prevailing FCY regulation of Nepal Rastra Bank

Note: Original documents must be presented for verification by bank officials.

International Non-Government Organizations

  • Duly filled account opening application form
  • Covering letter instructing the bank to open account with specific instructions (if any)
  • Certificate of Registration
  • Document evidencing change in address (as applicable)
  • Certificate of Permanent Account Number (PAN)
  • Constitution
  • Amendments to Constitution, and Certificate of Registration to evidence changes in name, address, purpose etc.,
  • Audited financials of last financial year
  • Copy of minute (or extract certified containing decision of Board of Directors
    • to open and operate account,
    • enjoy account services (as applicable),
    • appointment of account operators,
    • and account operating conditions (if any)
  • Citizenship/Passports of Directors, Chief Executive, executive representative appointed for Nepal and Account Operators
  • Passport size photographs of Directors, Chief Executive, Executive representative for Nepal and account operators
  • Duly filled Personal Information Particulars of Directors, Chief Executive, Executive Representative and account operators
  • Agreement with Government of Nepal (GON) or Social Welfare Council (if any) or Recommendation from government or Embassy of concerned country
  • For Foreign currency (FCY) account: Approval from Nepal Rastra Bank or as per prevailing FCY regulation of Nepal Rastra Bank

Note: Original documents must be presented for verification by bank officials. Copy documents received from foreign countries must be notarized.

Foreign Companies

  • Duly filled account opening application form
  • Covering letter instructing the bank to open account with specific instructions (if any) signed by Chief Executive/President
  • Power of attorney given to the executive representatives and others to operate accounts and perform financial transactions signed by Chief Executive/President.
  • Certificate of Registration/Incorporation
  • Documents evidencing current registered address and address in Nepal, number and addresses of major branches/offices of the company
  • Certificate of Tax Registration certificate of foreign company
  • Certificate of Incorporation in Nepal
  • Tax registration certificate in Nepal (PAN certificate)
  • Memorandum of Association & Articles of Association (or Articles of Incorporation)
  • Audited financials of last financial year
  • Personal details of directors and Chief Executive of foreign company: Name, Designation, telephone number/mobile number, and email address
  • Duly filled Personal Information Particulars of executive representatives and account operators in Nepal
  • Citizenship/Passport, passport size photographs, and documents revealing addresses: of Two executives (Chief Executive and second in command) of the foreign company, executive representative in Nepal and account operators.
  • Passport size photograph, citizenship/passport, and duly filled personal particulars of natural persons holding 10% or more shares of the foreign company
  • Operating licenses (applicable as per nature of business)
  • Agreement with Government, its agencies, or autonomous agencies (as applicable)
  • For Foreign currency (FCY) account: Approval from Nepal Rastra Bank or as per prevailing FCY regulation of Nepal Rastra Bank

Note: Original documents must be presented for verification by bank officials. Copy documents received from foreign countries must be notarized.

Diplomatic Missions/Embassies

  • Duly filled account opening application form
  • Official covering letter from the mission/embassy
  • Power of Attorney for account operation
  • Citizenship/Passport, passport sized photographs and documents revealing addresses of Account Operators
  • Duly filled personal particulars of Account Operators

Government Agencies, Organizations formed under special laws of Nepal, Businesses owned by Government

  • Duly filled account opening application form
  • Official covering letter to open and operate account with special instructions if any.
  • Passport/Citizenship and Passport size photographs of Account Operators
  • Duly filled Personal Particulars of Account Operators
  • Document evidencing decision/authorization to operate account and power of attorney to account operators: as per the Acts, Constitution, financial and administrative bylaws governing the organization.
  • For Foreign currency (FCY) account: Approval from Nepal Rastra Bank or as per prevailing FCY regulation of Nepal Rastra Bank