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deposit with the understanding that the proceeds can only be withdrawn after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 Fixed 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:
·
AFS 500,000/USD 10,000 (Not
Available in other Currencies).
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