Flexible and steady, wins the race

Start investing in an RD account with BoB.

  • Key Features
  • Documents Required
  • Charges

Recurring Deposits : Key Features

  • Account can be opened by Individuals, Minors, Illiterates, Non-Residents, and Associations (as per guidelines of bank)
  • Regularises savings by encouraging a saving habit
  • Account can be open in AED currency only
  • Minimum installment amount: AED 100 in multiples of AED 100maximum of AED10000/-per month
  • Deposit tenure: 12/24/36/48/60 Months
  • Bank’s Card Rate prevailing at the date of instructions received.

Recurring Deposits : Documents Required

KYC guidelines as prescribed by the Central Bank of the 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 and valid VISA page
  • Copy of valid Emirates ID
  • Photocopy of valid labour 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

Recurring Deposits : 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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