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Standard Chartered Saadiq Savings Account

Standard Chartered Bank Account

Standard Chartered

Min. Salary

AED

Min. Balance

3000 AED

Interest Rate

0%

Non Maintenance Fee

26.5 AED

Features

Conventional Banking
Free Debit Card
Internet Banking
Mobile Banking
Sharia Compliant

Standard Chartered Saadiq Savings Account is based on the concept of Mudaraba. It offers benefits like higher withdrawal limits, 24/7 access to funds, etc. It is a Shariah compliant product.

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Benefits

  • Earn profits on this account
  • It is based on the concept of Mudaraba and is Shariah compliant.
  • Get a free internationally recognized debit card.
  • Make local bill payments.
  • The minimum initial deposit should be AED 10,000.
  • The account is subject to minimum relationship balance requirement and fall-below fees.

Fees & Charges

  • Account Closure (Within one year)= Not AvailableNon- Standard Chartered ATM Transactions in UAE- Cash Withdrawal = AED 2.10
  • Fee for using the ATM outside UAE and GCC = AED 21

Interest Rates

  • Profit rates are calculated and declared on a monthly basis

Documents Required

  • For Residents – Passport, Emirates ID, and Resident Visa
  • For Non-Residents – Passport, Bank Statements, and Address proof

Eligibility

  • The account can be opened by UAE National, Residents, and Non-Resident individuals
  • The candidate must be minimum 18 years of age.

Addition Information

  • Account holder needs to maintain a minimum average monthly balance of AED 3,000
  • No monthly service charge applicable.
  • 24/7 convenient access to funds, set up standing instructions.
  • Get eStatements and instant SMS alerts.
  • Online and mobile banking platform.
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Disclaimer: Information found on saverfox.com is provided for illustrative purposes only, rates are subject to change based on your personal circumstances. You should always speak to a trained professional before applying for any financial product

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