Fixed Term Deposits

A deposit held with a bank for a fixed term/period of time. The maturities of such deposits usually range from months to a few years. The customer makes such a deposit with the understanding that the proceeds can only be withdrawn after the term has ended or an advance notice given.

 

1. Individual Accounts

Required Documents for Opening of Current/Saving and Term Deposit Individual Accounts.

• National Identification Card (Tazkira) or Valid Passport.
• Photo (Passport Size)
• Employment Card or Supporting Documents to Prove Source of Income.
• Valid Visa/Working Permit for Non-Resident Customers.

1. 1. Initial Deposit:

• Current Individual Account: AFS 2,000,  USD 50,  EUR 60,  GBP 60,  AED 200
• Saving Account: AFS 2,000,  USD 100,  (Other Currencies not Operational yet)
• Not Available in other Currencies

1.2. Fixed Deposit (Term Deposit):

• AFS 50,000, USD 5,000, (Other Currencies not Operational yet)
• Not Available in other Currencies

 

2. Corporate Accounts

Required Documents for Opening of Corporate Accounts:

• Valid License
• Article of Association
• Board Resolution Letter
• Tazkira or Passport of Each Signatory/Directors
• Photo (Passport Size for Each Signatory/Directors)

2.1. Initial Deposit:

• AFS 10,000,  USD 200,  EUR 200,  GBP 200,  AED 800