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Fixed Deposit with Flexible Terms Account Fixed Deposit with Flexible Terms Account

Fixed Deposit with Flexible Terms Account

Fixed Deposit with Flexible Terms and Interest Credited to Current Account

Allows you to benefit from attractive returns with the flexibility to choose the investment period

We present to you the Fixed Deposit product with flexible terms, which allows you to benefit from attractive returns with the flexibility to choose the investment period. Whether you are looking for a short-term or long-term investment, this product is designed to meet your financial goals.

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.
International Bank Account Number (IBAN)

The IBAN has been generated according to the correct Housing bank account number you have entered. Housing banks will not be held liable for any damage or loss of any nature resulting directly or indirectly from entering an incorrect or an invalid account number.

 

IBAN Checker:​​ To check your​ International Bank Account Number (IBAN) Please click here

 

Learn More about the International Bank Account Number  (IBAN) Please click here