CURRENT ACCOUNT
Objective: The objective of current account is to enable the business
community or business entity deposit certain amount of money and withdraw any amount
at any time.
Benefit:
- It is dvantageous to promote businesses.
- Instead of using paper money, cheques are easy, portable and advantageous security wise.
- It is advantageous to let the business community enjoy credit facilities.
Who benefits from the Service?
- the business community in various capacities.
- Governmental & non-governmental organizations.
- Service giving enterprises.
Initial current account deposit: It is possible to open
current account starting from Birr 500 for an individual,
and Birr 10,000 for organizations.
Interest rate:Deposits in current account bear interest rate of Birr 0.5%
and the interest earned is credited to the account every month if the minimum monthly balance
is at least Birr 10,000.00
See Also
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