Terms and Conditions of the Prizes Time Deposit Account
- The product is for the new deposits only
- The minimum deposit balance is 50,000 JODs, and for a binding period of 60 days
- The prizes time deposit account is for all customers: individuals, companies, and business owners
- the winning customer is excluded from participating for a period of 2 months from the date of winning the prize, which is equivalent to a full binding period
- Deceased customers are excluded from the draw of time deposit
- Prizes are subject to income tax, and according to the tax rate approved under the income tax instructions
- The award shall be canceled after a period of 6 months from the date of its announcement in the event that the winner did not refer to the bank to claim it
- The remaining terms and conditions approved by the bank in the field of opening accounts and the policy of identifying customers shall be applied
- Time deposit accounts belonging to the bank’s employees, their spouses and children, and member of the board of directors are excluded from the program
- It is required that more than 30 days have passed since the deposit opening date in order to enter the prize draw
- If the value of the deposit is less than 50,000 JODs, the account’s participation in the prizes will be canceled and transferred to a regular or savings deposit account, according to the customer’s wishes
- All cash insurance accounts of all types are excluded from entering the prize draw
- The draw takes place on official working days only