Fixed Deposit Account

Account where a customer's deposits are fixed for an agreed period of time subject to nonwithdrawals before the elapse of the period. Interest income will be forfeited for withdrawals made before maturity period.

Basic Requirements:

• 3 passport size photos.
• Valid identification documents.
• Letter of introduction from either employer or local authorities.

Benefits:

• Account earns interest.
• Account can be liquidated any time on notice.
• Account can be pledged as collateral for loans.