Description

The National Bank of the Kyrgyz Republic's Board Resolution No. 41/12, dated October 31, 2012, approves the Instruction for Working with Bank Accounts and Deposit Accounts. This instruction outlines the procedures for opening, maintaining, and closing bank and deposit accounts for individuals, sole proprietors, and legal entities. It applies to commercial banks, certain financial institutions, and deposit-taking microfinance and credit organizations licensed by the National Bank, as well as the State Development Bank of the Kyrgyz Republic, subject to specific legal limitations. The instruction's goal is to set minimum operational requirements for these accounts and their transactions.