ADIB Banoon Children’s Savings Account ADIB Min. Salary AED Min. Balance 0 Interest Rate 0.62% Non Maintenance Fee 0 Features ADIB Banoon Children’s Savings Account is a Sharia Compliant account for children. Comes with a prepaid debit card and profit rate. Apply Now Benefits It is a Sharia Compliant Savings Account This savings account is for children Get Darhoom Prepaid Debit Card. The minimum amount of AED 5,000 required to be eligible to earn profit Minimum of AED 1000 to open a Banoon Children’s Savings Account Profit distribution is made on a quarterly basis Mobile App to access your account Fees & Charges Account Closure (Within one year)= AED 100 Non- ADIB ATM Transactions in UAE- Cash Withdrawal = AED 2 Non- ADIB Transactions in UAE – Balance Inquiry / Declined Transaction= AED 1 Fee for using the ATM outside UAE and GCC = As per host country system Interest Rates For Tier >250K, 0.62% per month For Tier 25K – 250K, 0.33% per month For Tier 10K – 25K, 0.32% per month For Tier 5K – 10K, 0.31% per month The interest rate may vary for the upcoming months, in accordance with the ADIB’s Banking Services Agreement Documents Required Passport/ID of Parent Passport/ID of child Valid Visa for expatriates Valid Emirates ID of Parent & Child 1000 AED as opening balance Eligibility For UAE nationals and residents Account can be opened by the guardian for his/her minor child Addition Information Live chat facility to get answers related to your account or any other banking service Apply for account via online, by phone or visit your nearest branch Secure access to your account and funds through internet banking, phone or SMS banking Apply Now
