Benefits
- Monthly recurring deposit
- Interest rate of 1% per year on your monthly deposits
- You will also get a bonus at maturity which is equal to your one monthly deposit amount.
- 36 months fixed tenure for making deposits
- monthly deposit amounts of AED 1,000
- Is available in AED only
- No interest is paid in case of pre-matured withdrawals. Only principle amount saved will be returned
Fees & Charges
NIL
Interest Rates
- 8.25 % p.a
Documents Required
- Filled deposit application form
- Emirates ID, National ID, Valid Passport or Residence Visa
Eligibility
- UAE National or UAE Resident who is at least 18 years of age
Addition Information
- Interest is accrued on a daily basis
- Online banking, mobile banking, and conventional banking option available
- With a guaranteed interest income of 1% and an bonus at maturity equal to your one monthly deposit, earn a total return of up to 8.25% at the end of 36 months
- Open account instantly through online banking
- Partial withdrawals are not permitted