BANKING SERVICES
TIME DEPOSIT ACCOUNTS
Term deposit service is the service that enables you to benefit from the interest on the deposited amount, where the customer receives the interest according to the time period specified by him, and leaves the option to him to obtain the interest paid directly in the bank account, or to reinvest it with the original deposit capital
- A higher return and a fixed interest that does not change throughout the linking period (price tab le as an electronic link)
- Flexibility to choose the period of attaching the deposit: 1 month, 3 months, 6 months, 12 months, 18 months, 24 months
- Possibility to increase the amount of the tied deposit at any time
- Linking to the current account to protect against overdraft
- A founding member of the deposit guarantee company subject to the central bank of iraq (currently under establishment) and an announcement will be made…
- The minimum balance within the account is one million Iraqi dinars
Documents required to open an account:
For the Iraqis:
- A valid identity document (the unified national card) in addition to a copy of an iraqi passport (to confirm the name in arabic and english upon opening the account and in an accurate form.
- Proof of residence (obtaining a landline, electricity or water bill for a period not exceeding 3 months from the date of submitting the application, or a copy of the rental contract or title deed for the land and the house, in addition to a recent copy of the residence card)
For Non-Iraqis:
For the palace:
Terms and conditions apply