RAKBANK Fixed Deposit

Last Updated on 25 February 2019

ADIB Smart Account
RAKBANK Bank

WarningMessage This product is valid by the Bank

Fixed Deposit

min balance

Min Balance to Maintain

AED 25K

Monthly Fee

AED 0

annual fee

Annual Fee

AED 0

relationship manager

Relationship Manager

No

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.

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