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