RAKBANK Recurring Deposit

• Save a small amount monthly regularly
• Interest rates up to 2.5% per annum
• Start saving from AED 350 per month
• Flexible deposit tenor of 1 year to 5 years
• Interest will be accrued daily and compounded annually  
• Maximum deposit amount of AED 10,000 monthly

NIL

Interest rate payable up to 2.5% per annum for RAKBANK Recurring Deposit Account.

• For tenor up to 2 years, 2% per annum
• For tenor of 3 to 5 years, 2.5% per annum

• Duly filled form

• Minimum deposit of AED 350 per month is required

• Assured return at end of the tenor
• Guaranteed return payable upfront
• No penalty applicable for any delayed/ defaulted payment