ADIB Banoon Children’s Savings Account ADIB Min. Salary AED Min. Balance 0 Interest Rate 0.62% Non Maintenance Fee 0 FeaturesADIB Banoon Children’s Savings Account is a Sharia Compliant account for children. Comes with a prepaid debit card and profit rate. Apply NowBenefitsIt is a Sharia Compliant Savings AccountThis savings account is for childrenGet Darhoom Prepaid Debit Card.The minimum amount of AED 5,000 required to be eligible to earn profitMinimum of AED 1000 to open a Banoon Children’s Savings AccountProfit distribution is made on a quarterly basisMobile App to access your accountFees & ChargesAccount Closure (Within one year)= AED 100Non- ADIB ATM Transactions in UAE- Cash Withdrawal = AED 2Non- ADIB Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1Fee for using the ATM outside UAE and GCC = As per host country systemInterest RatesFor Tier >250K, 0.62% per monthFor Tier 25K – 250K, 0.33% per monthFor Tier 10K – 25K, 0.32% per monthFor Tier 5K – 10K, 0.31% per monthThe interest rate may vary for the upcoming months, in accordance with the ADIB’s Banking Services AgreementDocuments RequiredPassport/ID of ParentPassport/ID of childValid Visa for expatriatesValid Emirates ID of Parent & Child1000 AED as opening balanceEligibilityFor UAE nationals and residentsAccount can be opened by the guardian for his/her minor childAddition InformationLive chat facility to get answers related to your account or any other banking serviceApply for account via online, by phone or visit your nearest branchSecure access to your account and funds through internet banking, phone or SMS banking Apply Now
