Current Account - IRR

This single/ joint account is opened at the request of individual or corporate clients according to a contract between the bank and the applicant. Withdrawal from current account is made either by the clients (account holder) writing a cheque or through using electronic banking services. individual or corporate clients can withdraw money from their current account using the card associated with the current account. Interest is not accrued on the balance of current account.

Terms and documentation for opening current account for individual clients

• Applicants must be at least 18 years of age or provide a judgment from a competent court of law, declaring them adult,
• Not having a dishonored check or non-performing loan, and not be a subject of Articles (7) and (21) of the “Cheques Issuance Law”,
• recommended by one of the Bank’s clients, at least, who hold current accounts with the Bank or the banking system,
• presenting the original Birth Certificate and valid National Card,
• presenting valid employment documents such as work permit, commercial card, permanent doctor’s work permit, advocate’s license, certificate of employment and etc.
• submitting valid documents approving the address,
• In addition to providing valid proof of residence, the customer’s residential address must also be registered in the National Real Estate and Housing System.
• filling out the forms, 
• Providing the minimum required amount for opening a corporate Qard‑al‑Hasanah current account, sufficient to cover the applicable tax stamp duty and related fees.

Terms and documentation for opening current account for Legal Entities

• The individual clients who are members of board of directors and the individual persons who represent other legal entries in board of directors and the individual persons with the authority to sign on behalf of legal Entities, must meet the above-mentioned eligibility requirements of individual persons,
• The corporate applicant for opening the account, should not have a dishonored check or non-performing loan, and should not be a subject of Articles (7) and (21) of the “Cheques Issuance Law”,
• The articles of association or articles of incorporation and the latest notice of company registration printed in the official gazette as well as the latest changes made to the company published in the official gazette, should be provided,
• The permission for opening current account should have been granted by the articles of association,
• one of the Bank’s customers, at least, who holds a current account with the Bank or the banking system, should recommend the applicant,
• providing the minimum amount required for opening current account for corporate client (100,000 Rials) and the service fees is necessary.

Temporary current account

This account is opened by the founders of the company about to be established/ still in incorporation phase, in order to deposit cash capital for registration of the company.