Time Deposit

SME-TD.jpg
 

Features

  • Flexibility to choose the TD’s tenor and frequency as follows:

     
    7 – 15 days 15 days – one month Month 2 Months 3 Months 6 Months 1 Year
  • Interest rate determined based on the amount and tenor as per the bank’s policy .
  • Can be renewed at maturity for the same period of time according to the published interest rate at the time of renewal unless the customer instructed otherwise .
  • Overdraft Facility up to 90% from TD amount

Characteristics/ Features

  • A deposit in foreign currency ( USD – GBP – EURO ) held at the bank for a given period of time.
  • Flexibility to choose the TD’s tenor and frequency as follows:

     
    1 Month 2 Months 3 Months 6 Months 1 Year
  • Minimum opening balance of USD 1000 or its equivalent and multiples.
  • Interest rate is determined based on amount and tenor as per the bank’s policy .
  • Can be renewed at maturity for the same period of time according to the published interest rate at the time of renewal unless the customer instructed otherwise .
  • Over draft Facility up to 80% from TD amount