Salary accounts
Salary accounts are used for salary disbursement of employees for different organizations. Salary Accounts can be opened for government and non government organizations.
Currently employees of ministries such as,
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Ministry of Defence (MOD)
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Ministry of Rural Rehabilitation Development (MRRD)
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Ministry of Economy (MOE)
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Ministry of Foreign Affairs (MOFA)
and several private organization employees are receiving their salaries through Azizi Bank Branches
Detailed specifications for Salary Bank Accounts are as below:
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Government and non Government Organizations/Companies can open account of their employees
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No charges for opening of accounts
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Accounts can be opened with ZERO balance
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Minimum balance can be zero and maintenance charges are NIL
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Interest will be paid @ 6.5 % p.a. with monthly rests as per the norms applicable to Savings Accounts (Subject to change from time to time)
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Self withdrawal available
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The Scheme is suitable for all government and non government employees with the facility to deposit own money and withdraw at any time and earn profit too
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Account maintenance charges will be payable by organization and not by account holder
Terms and Conditions required for opening salary accounts with Azizi Bank:
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Organization (Customer) signs a contract with the Bank for opening of Salary Bank Accounts of their staff
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The contract will contain the rules, charges and conditions agreed by the two parties
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Organization (Customer) may open a Current Account with the Bank in which they will deposit the total amount of their salaries which will be used for disbursement to individual employees Salary Accounts
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Organization(Customer) may introduce their staff officially to the Bank for Opening Salary Bank Accounts for them
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Organization (Customer) may provide identification of its staff to the bank and should be responsible for the staff which they introduce
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Organization (Customer) may provide all required information for opening of a Bank Account with their digital photographs and signatures.
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Once the accounts have been opened for all employees of any organization, the Organization will provide the payroll of their staff to the bank in soft/hard copy. So that the total amount can be debited from main Current Account and to be deposited into individual salary accounts.
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The payroll must have a covering letter in which the Current Account Number (from which the amount will be debited) and the total amount of funds must be mentioned. And this letter must contain the signatures of authorized person(s) of the current account.
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Once this report is received by bank, Bank may require 24 to 36 hours to transfer the salaries to individual Salary accounts.
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Employees can then withdraw their salary from any branch of Azizi Bank in Afghanistan
Account maintenance Charges conditions for salary accounts:
The charges for account maintenance depend on the Monthly Average Balance in the main Current account of the organization. Details for the charges are as below:
|
Monthly Average Balance |
Charges |
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More than $ 100,000/- (USD One Hundred Thousand) Or equivalent Afghanis. |
Free |
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Between $ 100,000/- and $ 50,000/- |
$ 1 /Account/Month |
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Less than $ 50,000/- |
$ 2 /Account/Month |
*The above given charges are negotiable depending upon the value of the account.
For any further information regarding salary accounts you may contact.
Name: Abdullah Ali
Mobile: +93 (0) 797 20 35 45
Email: salaryaccounts@azizibank.af
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