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Savings deposit account is an interest bearing account rendered for physical and legal persons (Individuals, organizations and associations etc
The minimum balance to open a savings account is Birr 50.00. However, savings account may also be opened and maintained with zero balance provided that the account holder deposits the above amount in one month time.
Savings account can also be opened and operated through agents of the above persons provided that that can fulfill the legal agency criteria.
At the time of opening saving account an individual is required to bring renewed id, driving license, passport or trade license and companies and associations are required to have an article and memorandum of association.
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