Last Updated on 25 February 2019

Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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RAKBANK Fixed Deposit

RAKBANK Bank

Fixed Deposit

Min Balance to Maintain

AED 25K

Monthly Fee

AED 0

Annual Fee

AED 0

Relationship Manager

No

RAKBANK
min balance

AED 25K

Min Balance to Maintain

monthly fee

AED 0

Monthly Fee

annual fee

AED 0

Annual Fee

relationship manager

No

Relationship Manager

View details on bank page

Required Documents

  • Emirates ID
  • Valid Passport and residence Visa
  • Birth Certificate or Identification Document for Minors
  • Address proof
  • Details of Ultimate Beneficial Owners
  • Bank Reference Letter and Company Profile
  • Trade License
  • Memorandum of Association
  • Partnership Agreement

Main Benefits

  • Interest rates are high
  • A wide range of tenure options available - one week, one month, three months, six months and one year
  • Profit payout options are available at monthly, quarterly, or at maturity
  • It gets automatically renewed on maturity, or on request
  • Attractive rates for AED and USD deposits
  • Available to individuals and entities
  • Preferential rates offered exclusively for UAE Nationals

Rakbank

Established in 1976, RAKBANK or the National Bank of Ras Al Khaimah (P.J.S.C), is one of the oldest banks in the UAE. As a member of the UAE Banking Federation (UBF), RAKBANK follows the Custom Charter as stipulated by the UBF and tries to encourage best practices in the financial services industry. It works with a vision to provide ‘simply better’ financial solutions to its customers in and around the UAE’ and a Mission to be the leading bank in the UAE by offering best products.

   Get in touch with RAKBANK Customer Care

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