Approved by the Resolution of Board of the Central bank of the Republic of Uzbekistan of March 16, 2009 No. 7/2

The instruction about the bank accounts opened in banks of the Republic of Uzbekistan?

This Instruction according to the Civil code of the Republic of Uzbekistan, the laws of the Republic of Uzbekistan "About the Central bank of the Republic of Uzbekistan", "About banks and banking activity", "About currency control" and "About electronic document management" determines procedure for opening, renewal and closing of bank accounts of clients with banks in national and foreign currencies.?

I. General provisions

1. In this instruction the following concepts are used:

the bank account - policy tool of the relations arising between bank and the client as a result of the conclusion of bank account agreement according to which the bank shall accept and enlist the money arriving into the customer account (account holder) carry out orders of the client about transfer and issue of the corresponding amounts from the account and carrying out other account transactions;

the savings deposit account - the account on which it is recorded the means created on the basis of periodic fees of clients, sberegayemy for implementation of particular purposes and directed for these purposes or returned after agreement cancelation;

the term deposit account - the account on which it is recorded funds of clients deposited for the term which is strictly approved in the agreement;

the loan account - the account on which it is recorded the credits issued to clients in accordance with the established procedure;

the on-demand deposit account - the account on which it is recorded the means of the client issued or listed according to its first requirement.

2. Clients can open the following types of accounts in banks:

a) on-demand deposit accounts;

b) savings deposit accounts;

c) term deposit accounts;

d) loan accounts;

e) other deposit accounts.

The on-demand deposit account of business entity in national currency opened for the first time after its state registration is its main on-demand deposit account (further the key account). All on-demand deposit accounts in national and foreign currencies opened by business entity after the key account are its secondary accounts.

3. Legal entities and physical persons independently choose banks for the settlement and cash servicing and have the right to open on-demand deposit accounts, and also savings, urgent and other deposit accounts in national and foreign currencies in one or several banks.

4. For receipt of the funds allocated from the Government budget to the organizations received means from the budget, and use of these means budget accounts, and also for accounting of extrabudgetary funds of these organizations - on-demand deposit accounts, savings and term deposit accounts are opened.

For financing of capital building at the expense of centralized means to the single customer separately on each construction object secondary on-demand deposit accounts open.

5.  Ceased to be valid

6. According to article 11 of the Law of the Republic of Uzbekistan "About bank secrecy" the data which are bank secrecy are provided to bodies of the State Tax Service in the cases concerning the tax matters of the client (correspondent) of bank according to the legislation.

7. When opening by clients of bank accounts the bank account agreement is signed (on household deposits - bank deposit agreement).

The bank account agreement (on household deposits - bank deposit agreement) based on the agreement signed between bank and its clients consists by approval of the agreement of the offer in writing or by means of systems of remote servicing.

The relations arising on bank account agreement (on household deposits - to bank deposit agreement), are regulated by the Civil code of the Republic of Uzbekistan and other acts of the legislation.

In bank account agreement conditions of receipt and transfer of the means arriving into the customer account, the execution of orders according to the order means on the customer account connected with these actions of the right and obligation of the client and bank, the commissions, which is subject to payment for banking services and other conditions are specified.

Specify in bank account agreement of condition on collection of intermediary payment for introduction of the means which arrived on the bank account of the client (for credit turnover), it is forbidden.

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