Fixed Deposit accounts offer bigger returns on your money. Returns can be as high as 6.50% interest per annum.
Below are some features of the Fixed Deposit Accounts:
1. MBFD - Multi Benefit Fixed Deposits (Where money grows faster)
Features:
- Can be opened by Individuals / Firms / Corporate/NGOs
- Minimum Deposit of Afs 10,000/USD/EUR/GBP 300
- No charges for opening of accounts
- Can open any number of Fixed Deposits
- Minimum period is 3 months and Maximum period is up to 5 years
- If deposit amount is USD/EURO/GBP 100,000 or Afghani 5 million or more, the minimum period can be flexed but not less than one month.
- Attractive Interest rates, quarterly compounding, interest paid on maturity with the principal/amount deposited
- Accounts can be opened in the name of Minor above 12 years
- This account is suitable for depositors seeking a good return after a fixed time period
- Premature facility available but no interest paid if withdrawn/demanded before maturity date.
2. Easy FD - Easy Fixed Deposits (Income/Benefit at monthly intervals at higher rate)
Features:
- Can be opened by Individuals / Firms / Corporate/NGOs
- Minimum Deposit of Afs 10,000/ USD/EUR/GBP 300
- No charges for opening of accounts
- You can open any number of Easy Fixed Deposits
- Minimum period is 1 year and Maximum period is up to 5 years
- Interest payable Monthly
- Accounts can be opened in the name of Minor above 12 years
- Partial withdrawal facility available.
- This account is suitable for investors seeking a regular monthly income while keeping their principal deposit intact
Withholding tax will be deducted from the interest payable amount as per order of Ministry of Finance, Islamic Republic of Afghanistan.
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