Flexible and steady, wins the race
Start investing in an RD account with BoB.
Recurring Deposits
"Enjoy higher rate of interest with longer periods of deposit. Your money remains safe and secure with an option of easy liquidity."
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Key Features
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Documents Required
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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)
- 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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