This account is tailored made for portfolio manager to open the account of their PMS client's to meet their client's specific investment objectives. It is completely operated by portfolio manager and cannot be opened upon the request of individual customers.
Features
| Minimum Balance | Zero |
| Interest Rate | As per the published interest rate |
| KS iMobile/Debit Card/Locker | Facility not provided under this AcType |
| Demat/Meroshare | Free for first year |
| Other Charges | As per STC |
| Interest Calculation/Posting | Interest Calculation on daily basis and payable on quarterly basis |
Discount quoted for first year means first year of service taken not first year of account opening.
Required Documents
Documents to be collected from Portfolio Manager.
- Duly filled specialized Account Opening Form designed for PMS saving account and KYC.
- Citizenship and NID
- Account Opening request letter from the designated Portfolio manager.
- Authorized Signature from the Portfolio Manager or as per the terms and condition of the Agreement
Points to be noted:
- PMS Saving Account can only be opened through the documents received from portfolio manager and cannot be opened upon the request of individuals.
- This account is completely operated by respective portfolio manager.
- All the accounts opened on official request from Capital shall be placed under "Dr. Restriction" and shall be released once due diligence of actual beneficial owner is done i.e. due diligence of the person in whose name the account has been opened by any of the branches of the Bank.
- The verification of person and the original document should be made by official of the bank either on Bank premises or Capital premises whichever is feasible.
- Specific Account Opening Form (AOF) for PMS account shall be used in which PMS client or beneficial owner signature and thumb print should be compulsorily affixed.
