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CDS Accounts for Bonds
maka
#1 Posted : Monday, June 22, 2015 2:09:00 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Man opening the account is just a hustle they should look into it....

REQUIREMENTS FOR OPENING AND CHANGING DETAILS FOR THE CDS
ACCOUNTS FOR INDIVIDUALS/JOINT ACCOUNTS
1. Individuals may hold a single or joint CDS accounts but NO minor accounts.
2. Each individual CDS account holder/applicant MUST complete the CDS accounts specimen signature mandate
card (the card) which can be collected from any of the Central Bank of Kenya Branches in Nairobi, Mombasa,
Kisumu, Eldoret or the Currency Centers in Meru, Nakuru and Nyeri.
3. The card (s) should be completed in BLOCK LETTERS, neatly and clearly.
4. Names MUST be written in the order that they appear on the identification document.
5. NO alternations/errors.
6. The card MUST not be folded or disfigured in anyway.
7. Signatories to the CDS account will be required to sign the card in the presence of a designated CBK Officer or
any Authorized Agent.
8. On completion applicants will personally submit the duly completed card (s) together with:
a. One recent coloured Passport size photograph of the account Holder.
b. The reverse side of the photograph MUST be certified by the applicants Bankers and stamped.
c. The photograph must NOT be stapled or glued to the card.
d. The original and clear copy of the National Identity card/valid Passport/alien certificate for
verification. (Note that the copies will be retained by CBK)
9. Two signatories of your Bankers, whether a Commercial Bank or Financial institution must sign and stamp the
card on the space provided, confirming the Bank account details.

KINDLY NOTE
 The Commercial Bank/Financial institution under note 9 above must be licensed by the Central Bank of
Kenya.
 Payments will be made to the Bank account specified in the mandate card.
 On receipt of all the requirements, CDS account application (s) will be processed within seven working days.
 Change of address may be advised through a letter signed by signatories as per the mandate.
 To change details of the CDS account one completes a CDS card and follows all the requirements mentioned
from no. 1 to 9.
 For any further clarifications kindly contact us on Tel +254 020 2860000
/email:ndo@centralbank.go.ke/applications@centralbank.go.ke/visit our offices in Nairobi, Kisumu,
Mombasa, Meru, Nakuru or Nyeri.
possunt quia posse videntur
wazuaguest
#2 Posted : Monday, January 11, 2016 8:39:37 PM
Rank: Member

Joined: 2/9/2012
Posts: 576
If they are doing Mkiba they should make this process simpler.
Africa belongs to Africans.
kimanimsc
#3 Posted : Monday, January 11, 2016 8:59:12 PM
Rank: Member

Joined: 5/4/2015
Posts: 241
Location: Kahno
maka wrote:
Man opening the account is just a hustle they should look into it....

REQUIREMENTS FOR OPENING AND CHANGING DETAILS FOR THE CDS
ACCOUNTS FOR INDIVIDUALS/JOINT ACCOUNTS
1. Individuals may hold a single or joint CDS accounts but NO minor accounts.
2. Each individual CDS account holder/applicant MUST complete the CDS accounts specimen signature mandate
card (the card) which can be collected from any of the Central Bank of Kenya Branches in Nairobi, Mombasa,
Kisumu, Eldoret or the Currency Centers in Meru, Nakuru and Nyeri.
3. The card (s) should be completed in BLOCK LETTERS, neatly and clearly.
4. Names MUST be written in the order that they appear on the identification document.
5. NO alternations/errors.
6. The card MUST not be folded or disfigured in anyway.
7. Signatories to the CDS account will be required to sign the card in the presence of a designated CBK Officer or
any Authorized Agent.
8. On completion applicants will personally submit the duly completed card (s) together with:
a. One recent coloured Passport size photograph of the account Holder.
b. The reverse side of the photograph MUST be certified by the applicants Bankers and stamped.
c. The photograph must NOT be stapled or glued to the card.
d. The original and clear copy of the National Identity card/valid Passport/alien certificate for
verification. (Note that the copies will be retained by CBK)
9. Two signatories of your Bankers, whether a Commercial Bank or Financial institution must sign and stamp the
card on the space provided, confirming the Bank account details.

KINDLY NOTE
 The Commercial Bank/Financial institution under note 9 above must be licensed by the Central Bank of
Kenya.
 Payments will be made to the Bank account specified in the mandate card.
 On receipt of all the requirements, CDS account application (s) will be processed within seven working days.
 Change of address may be advised through a letter signed by signatories as per the mandate.
 To change details of the CDS account one completes a CDS card and follows all the requirements mentioned
from no. 1 to 9.
 For any further clarifications kindly contact us on Tel +254 020 2860000
/email:ndo@centralbank.go.ke/applications@centralbank.go.ke/visit our offices in Nairobi, Kisumu,
Mombasa, Meru, Nakuru or Nyeri.

Armed with passport photo, should take 30 minutes. The card require very basic info and then hand over to your bankers who will 8b ad 9.
bird_man
#4 Posted : Monday, January 11, 2016 9:52:46 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
The boring part is you have to return the form PERSONALLY and they close at 2pm!
Formally employed people often live their employers' dream & forget about their own.
maka
#5 Posted : Tuesday, January 12, 2016 7:25:05 AM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
bird_man wrote:
The boring part is you have to return the form PERSONALLY and they close at 2pm!


The governor should change that part because if you have pin and I.d it should be straight forward to open the account...or maybe they appoint agents to collect the forms on their behalf.Someone went there jana was told it will take 30 days to open the account...
possunt quia posse videntur
Kabird
#6 Posted : Tuesday, February 02, 2016 8:27:02 PM
Rank: New-farer

Joined: 2/6/2011
Posts: 60
How can these people be so ineffective...They never respond to any written correspondence..Anyone know how long it takes for a CDS account to be open once they receive all requisite paperwork.
maka
#7 Posted : Tuesday, February 02, 2016 8:52:32 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
Kabird wrote:
How can these people be so ineffective...They never respond to any written correspondence..Anyone know how long it takes for a CDS account to be open once they receive all requisite paperwork.


Boss pole thats how things operate in that world...its like they live in the 90s...takes between 7 to 30 days...depending on how much you keep on calling and pushing them to expedite...and if you are lucky that your call goes through and the fellow on the other side is audible...myriad of problems.
possunt quia posse videntur
bird_man
#8 Posted : Wednesday, February 03, 2016 3:38:56 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
maka wrote:
Kabird wrote:
How can these people be so ineffective...They never respond to any written correspondence..Anyone know how long it takes for a CDS account to be open once they receive all requisite paperwork.


Boss pole thats how things operate in that world...its like they live in the 90s...takes between 7 to 30 days...depending on how much you keep on calling and pushing them to expedite...and if you are lucky that your call goes through and the fellow on the other side is audible...myriad of problems.

Was there today to return my application.Was told it will take 3weeks to open an account.Goodness!I thought its a matter of clicking "New Account" on T24 system and getting it authorised....??
Formally employed people often live their employers' dream & forget about their own.
bird_man
#9 Posted : Wednesday, February 03, 2016 3:40:37 PM
Rank: Veteran

Joined: 11/2/2006
Posts: 1,206
Location: Nairobi
maka wrote:
Kabird wrote:
How can these people be so ineffective...They never respond to any written correspondence..Anyone know how long it takes for a CDS account to be open once they receive all requisite paperwork.


Boss pole thats how things operate in that world...its like they live in the 90s...takes between 7 to 30 days...depending on how much you keep on calling and pushing them to expedite...and if you are lucky that your call goes through and the fellow on the other side is audible...myriad of problems.

Was there today to return my application.Was told it will take 3weeks to open an account.Goodness!I thought its a matter of clicking "New Account" on T24 system and getting it authorised....??
Formally employed people often live their employers' dream & forget about their own.
wannaberich
#10 Posted : Wednesday, February 03, 2016 4:10:03 PM
Rank: Member

Joined: 4/24/2014
Posts: 159
Location: Nairobi
bird_man wrote:
maka wrote:
Kabird wrote:
How can these people be so ineffective...They never respond to any written correspondence..Anyone know how long it takes for a CDS account to be open once they receive all requisite paperwork.


Boss pole thats how things operate in that world...its like they live in the 90s...takes between 7 to 30 days...depending on how much you keep on calling and pushing them to expedite...and if you are lucky that your call goes through and the fellow on the other side is audible...myriad of problems.

Was there today to return my application.Was told it will take 3weeks to open an account.Goodness!I thought its a matter of clicking "New Account" on T24 system and getting it authorised....??


Was also told it takes 3 weeks to open an account . I was not impressed.In this day and age opening an account should be instant. This is my week 3 waiting to see if it will be opened.
Money comes and goes. When you have it enjoy it.
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