Term Deposits

Key Features

• Account can be opened by Individuals, Minors, Illiterates, NRIs and Associations (as per guidelines of bank)
• Deposits can be in –6- Currencies viz. AED, USD, GBP, EUR, YEN and CHF
• Minimum tenor of Deposit is one month
• Maximum tenor is one year
• Minimum Deposit AED 5000 / USD 5000 / GBP 3000 / EUR 5000
• Attractive interest rates (depending upon the term of deposit) subject to change from time to time
• Auto Renewal facility is available.

Eligibility

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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Charges

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

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