Fixed Deposit with Flexible Terms Account

Product Features

• Long-term deposit periods (6 months and 12 months).
• Monthly interest credit to the customer's current account.
• Competitive interest rates.

Product Terms and Conditions

• The fixed deposit account is linked to an active current account, and the interest is credited to this account. The interest is not credited to the fixed deposit account itself.
• Partial withdrawal from the fixed deposit account is not allowed; only full withdrawal is permitted. This clause overrides over any other terms and conditions of the bank.
• Interest is credited monthly to the customer's current account specified in the form, regardless of the deposit period.
• In case of breaking the fixed deposit, the deposit amount is transferred to the specified current account, and a penalty for breaking the fixed deposit is charged to the current account according to the bank's approved formula.
• No financial transactions (deposit/ withdrawal/ transfer) can be made on the account during the deposit period.
• If the customer wishes to modify the deposit amount or the deposit period, the fixed deposit must be fully terminated and then re-deposited with the new desired terms.
• The fixed deposit is automatically renewed after the deposit period ends for a similar period according to the announced interest rates.
• The general terms and conditions of the fixed deposit product apply to this product and its calculation formulas.
• Deposits are priced according to the pricing table specific to this product.