Foreign Fixed Deposit Account

Account where a customer’s deposits in foreign currency are fixed for the agreed period of time subject to non-withdrawals before the elapse of the period. Interest income is forfeited for withdrawals made before maturity period.

Main Features:

• Cash deposit in foreign currency fixed for a specified period.
• Minimum amount to be fixed is USD 10,000 or equivalent.
• Maximum amount to be fixed is open.

Benefits:

• Account earns interest depending on the amount and period.
• Account can be liquidated any time upon notice.
• Account can be pledged as collateral for bank loans.