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Account services

  Kauthar Bank offers individuals a complete range of services and additional options for cash and set tlement transactions:

• Opening a demand/current account in manats, USD, Euro and other currencies
• Charging funds to accounts in cash and non-cash forms
• Bank transfers across Azerbaijan and overseas
• Withdrawal of cash from account
• Release of transaction and account summaries and statements, copies of payment documents
• Multi-currency conversion transactions to purchase and sell currency
• Advice on banking transactions.

  Also Kauthar bank offers large sorts of bank services to physical and juridical persons.

-setting up and leading bank accounts
-transactions with plastic cards
-money transfers
-documentary operations of credit by clients
-guaranty, deposit transactions
-transactions with securities
-post, telecommunication services
-investment transactions.

Services to individuals - utility payments

 İn Kauthar Bank you will have the ability to make utility payments.

- Gas
- Water
- Electricity

Payment of AZERCELL, BAKCELL, CATEL and NARMOBILE bills

  Kauthar Bank offers clients opportunity to pay the bills of cellular communication operators - Azercell, Bakcell, Catel and Narmobile.

Procedure for opening a current/demand account for individuals:

  To open a current/demand account you need to come to the Bank with an identification document. At the Bank, you will complete an application form for opening an account and certify a signature specimen.

  To open a current account individuals authorized to engage in entrepreneurial activities will also need to present to the Bank:
A duplicate certificate from the Ministry of Taxes (1 copy for each kind of account)

  Cash and settlement services will be performed on the basis of the rates set under the Agreement signed between the Bank and the Client.


Procedure for opening current accounts for legal entities:

  To open a current account you need to fill out an application form for opening an account (1 copy for each kind of account) and submit the following documents to the Bank.
  Charter registered with the Ministry of Taxes (till January 1, 2008 Ministry of Justice) (notarized copy)
 Certificate of state registration issued by the Ministry of Taxes (till January 1, 2008 Ministry of Justice) (notarized copy)
 Statement from the State Registry of Legal Entities issued by the Ministry of Taxes (till January 1, 2008 Ministry of Justice) (notarized copy)
 Duplicate certificate issued by the Ministry of Taxes (one copy for each kind of account)
Copies of documents ascertaining the identities of the company's Chief Executive Officer and Chief Accountant
Notarized card with signature and corporate seal specimens

Cash and settlement services are provided based on tariff rates set under the Agreement signed between the Bank and the Client.


For foreign companies


Juridical persons and entrepreneurs which are not residents of AR should provide the following documents to open a settlement account:
Application form
Notarized copy of registration certificate of representative office or branch
Notarized copy of Charter
Notarized list of authorized signatures and identity cards of the appropriate persons
Notarized copy of registration certificate at State Social Protection Fund
Copy of notification from the Ministry of Taxes for the opening of a settlement account (separate copy for each account)
Copy of registration certificate at the State Statistics Committee (copy duly notarized)

 Kauthar bank’s service and operation tariffs.

Currency rates

18.08.2014
 CBABUYSELL
USD0.78420.7790.786
EUR1.05051.0441.055
GBP1.3121.31.323
RUR0.02170.02110.0219

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