Recurring Deposits

"A basic monthly saving plan, which helps you to regulate your savings and reap its benefits on maturity of your investment."

  • Key Features
  • Eligibility
  • Charges
  • Apply Online

Key Features

  • Account can be opened by Individuals, Minors, Illiterates, NRIs and Associations (as per guidelines of bank)
  • Regularizes savings by encouraging a saving habit.
  • Account can be open in AED currency only
  • Minimum installment amount: AED 500/- in multiples of AED 100/-
  • Deposit tenure: 1yr / 2 yrs / 3 yrs
  • Interest: * As per applicable card rate (To see Interest Rate)


KYC guidelines as prescribed by the Central Bank of UAE
In case of existing relationship with us - Duly filled Account opening application form (Signed in front of bank officials)

For New customer

  • Duly filled Account opening application form (Signed in front of bank officials)
  • Photocopy of valid Passport including address page & valid VISA page.
  • Copy of valid emirates ID
  • Photocopy of valid labor contract (In case of salary account)
  • No objection certificate from sponsor
  • Two recent passport size photographs
  • Copy of Tenancy contract/ Ejari wherever applicable
  • Original documents to be presented for verification

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As applicable from time to time, please refer Service charges guidelines separately or click Service charges to see more details.

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