Foreign Savings Account
Savings account designed for US Dollars, British Pound Sterling and Euros.
Main Features:
- Restricted cash withdrawals.
- Quarterly charge of USD 15.
- Set minimum credit balance is USD 500 or equivalent
- Cash withdrawals personally made to the account by holders i.e. no third parties are allowed to transact on account.
- Cash deposit books issued to account holders.
Basic Requirements:
- 2 Passport size photographs.
- Proper identification, valid ID, DL passport or voters card.
- Reference from known bank customer.
- Initial deposit of US Dollars 500 or equivalent.
Benefits:
- Account earns interest in foreign currency credit balances.
- Unrestricted Cash and Cheque deposits.
- Unrestricted cash withdrawals within the minimum balance.
- Access to a variety of loan products.
- Minor and joint savings accounts are allowed.