NBF Fixed Deposit Account

Bank Accounts in the UAE

NBF Bank offers a wide variety of options with a deposit account for the customers in the UAE. These options include the Fixed Deposit Account, the Dream Deposit Account and the Instant Interest Deposit Account.

With the Instant Interest Deposit Account, the Account holders can earn profits from day one. The NBF Fixed Deposit Account offers a competitive interest rate as well as flexible tenure.

Features & Benefits of NBF Fixed Deposit Account

The features and benefits of the NBF Fixed Deposit Account are given below:

Type of Deposit Account Features and Benefits
Fixed Deposit
  • Roll-over facility
  • Sweep facility is available
  • Flexible overdraft facility
  • Attractive rate of interest
  • Flexible date of maturity
  • credit card
Dream Deposit
  • Up to 2.75% p.a. rate of interest
  • Tenor ranges from 6 months to 3 years
  • Setting up of standing instructions at Savings Account or Current Account
Instant Interest Deposit
  • Instant return on deposits
  • The tenor ranges from 6 to 24 months
  • Competitive rate of interest
  • Full interest on maturity

NBF Debit Card

Explore Types of Bank Account

Eligibility Criteria to Open an NBF Fixed Deposit Account

To open a Fixed Deposit Account with the NBF Bank in the UAE, the applicant should qualify with the following terms:

  • A minimum deposit of AED 500 is required to open Fixed Deposit Account
  • A minimum deposit of AED 100,000 is required to open an Instant Interest Deposit
  • The applicant should be an existing customer of the NBF Bank

Open NBF Bank Account

Documents Required to Open an NBF Fixed Deposit Account in UAE

Following are the documents required to open a Fixed Deposit Account with the NBF Bank in the UAE:

  • The Passport of the Applicant
  • Emirates ID of the Applicant
  • Resident Visa (for the expats)
  • Filled and Signed Application form

How to Open an NBF Fixed Deposit Account in the UAE?

The applicant can apply through the following ways to open a Deposit Account in the UAE:

  • visit the nearest branch of the NBF Bank
  • Apply via Online

How to Close an NBF Fixed Deposit Account in the UAE?

To close the Deposit Account with the NBF Bank in the UAE, the customer should visit the nearest branch of the bank.

NBF Fixed Deposit Account FAQs 

Is it true that I can earn instant interest with the Instant Interest Deposit Account?

Yes, it is true. In fact, you earn a profit from the first day.

What is the penalty for premature withdrawal of the term deposit?

You will be penalized up to 2 % of the deposit for withdrawing the amount prematurely.

What is the minimum amount to open an NBF Fixed Deposit Account in the UAE?

You will have to make a minimum deposit of AED 10,000 to open an NBF Fixed Deposit Account in the UAE.

What is the current Prime Rate of the NBF bank?

The current prime rate of the NBF Bank in the UAE is 9.5%.

What are the prices for the safe deposit lockers?

Following are the prices for the safe deposit lockers in the NBF Bank:

  • Small- AED 400
  • Medium- AED 800
  • Large- AED 1500
  • Safety Deposit Locker- AED 500
Does NBF Bak apply taxes?

Yes, NBF Bank includes 5% of VAT wherever it is applicable.

What is the contact number of the NBF Bank customer support team?

You can contact the customer team of the NBF Bank at 8008NBF(623).

Will I be charged for supplementary Debit cards?

The first supplementary card is free. However, additional supplementary Debit cards will cost you AED 25 each.

What is the minimum deposit required with the Dream deposit Account in the NBF Bank?

With the Dream Deposit Account in the UAE, you will need to make a minimum installment of AED 500.

Is it necessary to have a Savings or Current Account to open a Fixed Deposit Account with the NBF Bank?

Yes, To open a Fixed Deposit Account with the NBF Bank, you should be an existing customer of the bank.

Account Types

Bank Wise Account

Bank Account Swift Code

Bank Account Banner

Reviews & Ratings

★★★★★
4.6 / 5 (based on   24,008 google icon reviews)
main-icon
SiyasDubai, June 19, 2024
★★★★★
Opened a Joint Savings Bank Account via Policybazaar.ae!Opening a joint savings bank account through Policybazaar.ae was incredibly easy. The application process was seamless, and within minutes, my wife and I secured our financial future together. Now, managing our finances and planning for the future has become much simpler and more efficient. Highly recommend it!
main-icon
Riaz Imran Ahmed MargusonSharjah, June 15, 2024
★★★★★
Comparison of Different Bank Account Options Became Easy!I could compare my options to open a bank account in Dubai with Policybazaar.ae on just one portal. They have all the options listed on the website and I could compare them right there. To add to it, the customer care service helped at every step. Thanks, Policybazaar.ae!
main-icon
MOHAMMED KHALID SHAREEFDubai, June 3, 2024
★★★★★
I am Happy with the Customer Care Service!Hey folks! This place has amazing customer care service. I mean I opened a current account recently from here. Man, they helped me from the start. The application process became smooth and easy. I am so happy with Policybazaar.ae. Good Job peeps!
main-icon
Afsal Bin MuhammedAbu Dhabi, May 18, 2024
★★★★★
I Opened a Savings Account via Policybazaar UAE!Going out in this scorching heat is tedious when it comes to opening a savings account. This is why I opened my 18-year-old daughter’s savings account through PB UAE. I got amazing options from the best banks in UAE. The one I chose offers a promising interest rate. So my daughter’s future is surely secure!
main-icon
YASSIN NEZARDubai, April 25, 2024
★★★★★
Got My Business Transactions Sorted with the Current Account I Opened!I recently started my home business and was looking to open a current account. I was confused and overwhelmed with all the options I got to know of from my friend. I even visited a lot of banks but remained confused. Then I came across PB UAE and all my doubts were handled well. My business transactions are in line now. Thank PB!
main-icon
Adwait PhatakRas Al Khaimah, March 13, 2023
★★★★★
Opened ADIB Business Account!I recently opened an ADIB Business Account with Policybazaar.ae and I am extremely pleased with the benefits that I received. I have access to a variety of services such as online banking, debit cards and a dedicated Relationship Manager. Additionally, I can enjoy attractive discounts on insurance premiums, loan facilities, and access to corporate finance solutions. The best part is that I can now manage my finances more efficiently and conveniently.
READ ALL REVIEWS

More From Bank Accounts

  • Recent Articles
  • Popular Articles
Read More Articles
Compare Our Products
Car InsuranceCar Insurance
Term InsuranceTerm Insurance
Health InsuranceHealth Insurance
Travel InsuranceTravel Insurance
Credit CardCredit Card
Personal LoanPersonal Loan
Credit ScoreCredit Score
Car LoanCar Loan
Home LoanHome Loan
Investment and Life PlansInvestment and Life Plans
Bank AccountBank Account
Financial CalculatorsFinancial Calculators
Home InsuranceHome Insurance
Business InsuranceBusiness Insurance
Group Health InsuranceGroup Health Insurance
Life InsuranceLife Insurance
Payment Methods
Office No. 1304, Al Shafar Tower 1, Barsha Heights (Tecom), Dubai, UAE.Insurance is provided by Policybazaar Middle East Insurance Brokers, regulated by the UAE Insurance Authority, LicenseNo:123PB Fintech FZ LLC Office No. 214, 2nd Floor, Building number 06, Dubai outsource City, Dubai, UAE.Insurance is the subject matter of solicitation. © Copyright-2024 policybazaar.ae. All Rights Reserved.