Fixed 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 The customer makes such a deposit with the understanding that the proceeds can only be withdrawn after the term has ended or an advance notice given.
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.
Initial Deposit:
- Current Individual Account: AFS 3,000 USD 60 Euro 60 GBP 60 AED 250
- Saving Account: AFS 3,000 USD 60
- Not Available in other Currencies
Term Deposit:
- AFS 500,000 USD 10,000
- Not Available in other Currencies
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)
Initial Deposit:
- AFS 15,000 USD 300 EURO 300 GBP 300 AED 1,000