NBQ Fixed Deposit

National Bank of Umm Al Qaiwain Account

NBQ

Min. Deposit

50,000 AED

Interest Rate

0%

Choice of Terms

1 month

Features

Internet Banking

Islamic Banking

Mobile Banking

Multiple Currencies

No Salary Transfer

Overdraft Facility

Premature withdrawals

Sharia Compliant

NBQ Fixed Deposit is a Sharia Compliant Fixed Deposit Account. Minimum deposit of AED 50,000, automatic renewal of deposit. Competitive interest rates, deposit available in AED, USD & GBP.

Benefits

This is a Sharia Compliant Fixed Deposit Account
Deposit available in AED, USD, GBP and other major currencies
Flexibility to choose a maturity date that suits your financial needs
Rollover facility to automatically renew your deposit
Interest paid at time of maturity
Required to deposit a minimum of AED 50,000. The maximum deposit amount is AED 1,000,000
Overdraft or loan facility up to an agreed percentage of the deposit amount

Fees & Charges

Premature Closure Charges= Penalty will apply (as per bank norms) on each withdrawal

Interest Rates

Earn interest for depositing amount in NBQ Fixed Deposit Account

Documents Required

Valid copy of passport and Emirates ID
Copy of valid residency visa for expatriates
Complete an application form and provide other identification documents as requested by the bank

Eligibility

Both residents and non-residents are able to open an account
Minors under the age of 21 and individuals with limited legal capacity may open an account
Individuals requiring a thumb print impression to operate the account may also open a Fixed Deposit account

Addition Information

Deposits are accepted for a minimum of 1 month and maximum for tenor as agreed with the bank
Transfer funds from existing NBQ accounts, or from other local or international banks
Preferential exchange rates can be given for large deposits
Option of adding a fixed amount automatically at renewal date