The CBD Time deposit is a deposit account where the savings earns good returns at competitive interest rates. The time deposit comes with a choice of tenure for your convenience.
Interest will be payable on the Principal amount upon maturity
Minimum deposit of AED 10,000
Premature encashment is allowed
Auto-renewal facility available
Fees & Charges
NIL
Interest Rates
As per Banks norms
Documents Required
Completed deposit opening form
Valid passport, Residence Visa, Emirates ID, or National ID
Eligibility
UAE National, UAE Resident, or non-resident who is above 18 years of age
Applicants, less than 18 years should have a guardian as co-applicant
Addition Information
Either no interest will be paid or a penalty will be charged if the Time deposit is broken partly or wholly before maturity date, at the discretion of the Bank.
