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 The customer makes such a deposit with the understanding that the proceeds can only be withdrawn after the term has ended or an advance notice given.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