Documents required to open a Bank Account in Nepal according to NRB KYC norms.

Have you ever wanted to open a bank account and confused which document should be submitted?
Don't worry we have a list of documents that you should present in bank according to the nature of your account.

(a)Personal Accounts

1. Clear Name and surname

2. Name of father or husband

3. Permanent address (Supporting documents are to be submitted. Such

documents may be Certificate of Citizenship , Passport, electricity and

water bill and location map prepared by bank staffon site visit (if

necessary), voter identity Card, land ownership document etc.)

4. Temporary Address

5. Date of birth

6. Telephone number (if available)

7. Citizenship/passport (number and description)

8. Copy of identity card in case of an employee of the Government of

Nepalor of the entity owned by the Government of Nepal.

9. Photo

10. Other required documents (may be specified by bank and financial

institution themselves. )

(b) Accounts of Partnership or Proprietorship firm

(1) Name of the firm

(2) Address

(3) Telephone/mobile number ( if available)

(4) Name and address of all partners (including phone number)

(5) Photo of partners

(6) Firm registration certificate

(7) Partnership Deed

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(8) In case of partnership firm, authorization letter regarding operation of

financial and administrative transaction.

(9) Other required documents (maybe specified by bank and financial

institutions themselves.)      

(c) Accounts of Companies

(1) Name of company

(2) Address of head office.

(3) Full address (including phone, fax)

(4) Certificate of incorporation and Operating license, Memorandum of

Association and Article of Association

(5) Name and address of Board of directors (phone number, if available)

(6) Photos of members of the Board of Directors.

(7) Board resolution authorizing opening and operation of the account

(8) Authorization by Board of directors to Chief Executive Officer or other

officer for conducting financial transactions.

(9) Other required documents (may be specified by bank and financial

institutions themselves.)

(d) Accounts of Club/Non-governmental Organization

(1) Name of Club and Non-governmental Organization

(2) Address

(3) Certification of registration

(4) Constitution of the Organization or clubs.

(5) Name and address of Executive committee (telephone No. if available)

(6) Telephone No.

(7) Executive committee's decision regarding opening of account

(8) Photos of directors/members of working committee of club and Nongovernmental

Organization

(9) Authorization for the operation of accounts financial transactions.

(10) Other required documents (may be specified by bank and financial

institutions themselves.)

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(e) Account of Cooperatives

(1) Name of Institution

(2) Address

(3) Telephone No. (if available)

(4) Constitution

(5) Name and address of Board of Directors (telephone number, if available)

(6) Photos of Board of Directors.

(7) Certificate of Registration

(8) Board's resolution regarding opening of account and authorization to

conduct financial transactions.

(9) Other required documents (may be specified by bank and financial

institutions themselves.)

(f) Accounts of Public and Private Trust (Guthi)

1. Name

2. Address

3. Telephone No. (if available)

4. Constitution of the trust

5. Agreement relating to the establishment of the Trust.

6. Name and address of management trustee.

7. Photos of trust members.

8. Certificate of Registration

9. Name and address of member of Board/Management Committee.

10. Resolution of Board/Management committee regarding opening of

account and authorization to conduct financial transactions.

11. Other required documents (may be specified by bank and financial

institutions themselves.)

(g) Accounts of School, Campus or other educational entity

(1) Name of School or Campus

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(2) Address

(3) Constitution or Memorandum of Association and Article of Association

(4) Certificate of Approval

(5) Name, address, telephone number and photo of chief executive of the

School or Campus.

(6) Name and address of member of Board/Management committee

(telephone number if available).

(7) Resolution of Board/Management committee regarding opening of

account and authorization to conduct financial transactions.

(8) Other required documents (may be specified by bank and financial

institutions themselves).

(h) Accounts of International Non-governmental Organization

(1) Name of Organization

(2) Address

(3) Copy of agreement with Social Service National Coordination Council, if

available.

(4) Copy of agreement with Nepal Government, if any.

(5) Recommendation letter from concerned country or embassy.

(6) Charter of the organization

(7) Name, address, telephone number and photos of two principal executives

of the organization and documents confirming the address.

(8) Name, address and photos of representative or chief appointed by the

Nepal office of such organization and documents confirming the address.

(9) Organization's authorization to open account and authorization for

financial transactions.

(10) Other required documents (may be specified by bank and financial

institutions themselves).

(i) Account of Foreign Individual

(1) Name, family name and address.

(2) Name of father or husband

(3) Copy of the valid visa

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(4) Copy of passport

(5) Recommendation letter of the organization s/he is working in (if an

employee)

(6) Address and contact place in Nepal

(7) Other required documents (may be specified by bank and financial

institutions themselves).

(j) Accounts of Foreign Company

(1) Documents relating to incorporation of the foreign company.

(2) Memorandum of Association and Article of Association of the company.

(3) Letter of authorization to open account and authorization to conduct

financial transaction provide by the foreign (parent) company.

(4) Documents confirming registered and business address.

(5) Name, address, telephone number and photos of two principal executives

of foreign company and documents confirming the address.

(6) Address in Nepal and contact person.

(7) Other required documents (may be specified by bank and financial

institutions themselves).

(k) Accounts of Diplomatic Mission/Embassy

1. Letter of Mission/Embassy

2. Authorization of operation of the account

3. Name, address, photo of the account operator and documents confirming

the address.

4. Other required documents (may be specified by bank and financial

institutions themselves.)

(l) Accounts of Non-Resident Nepalese.

1. Name, surname and address.

2. Name of father or husband

3. Documents disclosing source of income

4. Agreement with employer organization/Appointment letter.

5. Copy of passport

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6. Address and contact place in Nepal.

7. Other required documents (may be specified by bank and financial

institutions).

 Customer with no account in the concerned bank

With respect to the customers requesting remittance to other place and customers

requesting payment of remittance, the bank and financial institutions shall identify such

customer appropriately and maintain the records of name and addresses of such

customers safely so as to be able to retrieve at the time of need.

[NOTE: Any correction are welcomed.]