Current Deposits product is ideal for Business firms, companies, institutions, and other corporate bodies, etc., who need banking facilities more frequently. This is one of the most basic and flexible deposit options, allowing transactions without limiting the numbers.
Key Features
- Account for any resident Individuals who are either GCC Nationals or Indian nationals including Persons of Indian Origin.
- Account in the name of a minor can be opened till he/she becomes major (i.e., 21 years of age) provided the account will be operated by a natural guardian only i.e., the father or mother of the minor
- A/c can be opened in AED & USD currency only
- A joint Account is permitted with operating instructions of Jointly, one only.
- Opened basically for Savings purposes with chequebook facility.
- Cheque Book issuance subjected to satisfactory AECB Report
Documents Required
- Duly filled account opening application form (signed in front of bank officials)
- Photocopy of valid passport including address page and valid VISA page
- Copy of valid Emirates ID
- Photocopy of valid labour contract (in case of salary account)
- No objection certificate from sponsor
- Two recent passport-size photographs
- Copy of Tenancy contract/Ejari wherever applicable
- Original documents to be presented for verification
Charges
- As applicable from time to time, please refer Service charges guidelines separately or click Service charges to see more details.