Bank Accounts in the UAE
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The CBI Fixed Deposit Account offers flexible term and high-interest rates. However, interest rates are subject to change anytime.
Also, the account for Fixed Deposit can be opened in any of the major currency including the Arab Emirates Dirham.
The features and benefits of the CBI FD account include:
Following is the Detailed Interest Rate offered by the CBI Fixed Deposit:
|TENURE||INDICATIVE INTEREST RATE FOR AED FD (NTB FUNDS)(UP TO 20 MILLION AED)|
|A Year and 6 months- 3 Years||2.75%|
|5 Years and 1 month||4%|
To open a CBI Fixed Deposit Account, the required criteria for eligibility are as follows:
The required documents to open CBI Fixed Deposit Account in the UAE are as follows:
To open a CBI Fixed Deposit Account in the UAE, the applications can apply through:
To close a CBI Fixed Deposit Account in the UAE, the customer will need to submit a letter to the bank.
Q.1 For a new customer, what are the requirements for Personal Banking with the CBI?
Ans: The requirements for the Personal Banking with the CBI are below-
Q.2 For a new customer, what are the requirements for Priority Banking with CBI First?
Ans: The requirements for the Priority Banking with the CBI are below-
Q.3 Can I use my expired Passport to apply for the CBI Fixed Deposit?
Ans: No, your Passport must have a minimum of 3 months validity left.
Q.4 What documents can I submit for the address proof?
Ans: For the documents regarding address proof, you can submit any of the following-
Q.5 Which currencies are a part of the major currencies?
Ans: The major currencies are EUR, AED, USD, and GBP.
Q.6 Is there any way to open a CBI Fixed Deposit Account without having any primary account?
Ans: No, there is no other way. To open a Fixed Deposit Account with the CBI, you need to have a Savings or Current Account with the bank.
Q.7 If I want to close the account within 1 year of opening it, will I be charged?
Ans: Yes, you will be charged AED 100 for closing an account with a year of opening it.
Q.8 Is there any relationship fee?
Ans: No, there is no relationship fee. However, you will have to maintain the relationship balance.