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Deposit Schemes

Deposit Schemes

Who can open deposit account with us:

Individuals / Undertakings who are residing / operating outside UAE and are eligible to be treated as Professional Client (as defined by Dubai Financial Service Authority) can open deposit account with us. Please use the link below "who can be a client" to know the eligibility criteria for Professional Clients.

Deposits Schemes

We are accepting deposits from Corporates as well as Individuals with attractive interest rates

Salient Features:

  • Tenures ranging from 1 Month to 5 years
  • Attractive Rate of Interest (Current Rates)
  • No Tax on Interest earning
  • Nomination facility for individuals
  • Joint account facility for individuals
  • Auto renewal facility
  • Option to choose Fixed or Floating Rates
  • Loan facility against deposit
  • Premature payment (conditions apply)

Documents required for opening accounts - Individuals

  • Completed Account Opening Form
  • Attested Copies of Passport
  • Attested Copies of identification documents
  • Latest Passport size photographs of all the deposit holders

Documents required for opening accounts - Corporates

  • Commercial Registration
  • Certificate of Registration
  • Memorandum and Articles of Association / Partnership Deed
  • Copies of official photo identity of authorised signatory(ies)
  • Latest Audited Balance Sheet
  • Fax Agreement
  • Board Resolution to open and operate account with SBI, DIFC, Dubai
  • Anti Money Laundering report if any.