• What is a Fixed Deposit?

  Fixed deposits (also called term or time deposits) are financial instruments offered by banks offering a higher rate of interest than regular savings accounts, until the specified maturity date.

  Considered as a safe investment or principal amount is always guaranteed.

• What are the types of Deposits offered by Emirates NBD?

  Standard FD

  • These are fixed deposits which have fixed tenures ranging from 7 days to 5 years.
  • Applicable Interest rates based on amount, tenor and currency. Click Here for current rack rates.

  FlexiDeposit

  • A fixed deposit account that gives you the freedom to make partial withdrawals for emergencies, while keeping the rest of the deposit safely intact.
  • Minimum tenor of 3 months required.
  • Applicable Interest rates based on amount, tenor and currency. Click Here for current rack rates.

  RegulaReturns Deposit

  • A fixed deposit account that gives you returns prior to maturity.
  • Selection of monthly, quarterly and half-yearly interest payouts.
    • Monthly Interest Payouts: Minimum tenor requirement is 3 months
    • Quarterly Interest Payouts: Minimum tenor requirement is 6 months
    • Semi-Annual Interest Payouts (246): Minimum tenor requirement is 12 months
  • Tenor ranging from 3 months to 3 years Applicable Interest rates based on amount, tenor and currency. Click Here for current rack rates.

  Goal Recurring Deposits

  • Multiple goal based saving options, such as General Savings, Education, Retirement, Travel, Marriage
  • Define goal tenor and monthly contribution amount for each goal separately
  • Flexible tenors starting from 6 months to 5 years.
  • Please click here for the applicable rates and the interactive tool to calculate monthly savings.

   

• How can I open a Fixed Deposit?

  Fixed Deposit accounts may be opened by residents and non-residents. An operative account (Current or Savings) is mandatory prior to opening a Fixed Deposit (FD) account.

  For existing accountholders, an individual can apply online, mobile or through branch applications.

• What are the documents required for opening a Fixed Deposit?

  Application Forms

  • Fixed Deposit-Recurring Deposit Form
  • Fixed Deposits-Recurring Deposit Form - Priority Banking
  • Terms and Conditions of FLexiDeposit
  • Terms and Condition of RegulaReturns
  • Undertaking for Fixed Deposits
  • Undertaking for Fixed Deposits (2 Years & Above)

  Eligibility and Documentation

• What is the minimum amount required for opening a Fixed Deposit?

  The Minimum amount of deposit required is AED10, 000 (or equivalent) for standard Fixed Deposit and for Goal Recurring Deposits, a minimum deposit of AED500 or USD200 is required.

Show More

• What is a Fixed Deposit?

  Fixed deposits (also called term or time deposits) are financial instruments offered by banks offering a higher rate of interest than regular savings accounts, until the specified maturity date.

  Considered as a safe investment or principal amount is always guaranteed.

• What are the types of Deposits offered by Emirates NBD?

  Standard FD

  • These are fixed deposits which have fixed tenures ranging from 7 days to 5 years.
  • Applicable Interest rates based on amount, tenor and currency. Click Here for current rack rates.

  FlexiDeposit

  • A fixed deposit account that gives you the freedom to make partial withdrawals for emergencies, while keeping the rest of the deposit safely intact.
  • Minimum tenor of 3 months required.
  • Applicable Interest rates based on amount, tenor and currency. Click Here for current rack rates.

  RegulaReturns Deposit

  • A fixed deposit account that gives you returns prior to maturity.
  • Selection of monthly, quarterly and half-yearly interest payouts.
    • Monthly Interest Payouts: Minimum tenor requirement is 3 months
    • Quarterly Interest Payouts: Minimum tenor requirement is 6 months
    • Semi-Annual Interest Payouts (246): Minimum tenor requirement is 12 months
  • Tenor ranging from 3 months to 3 years Applicable Interest rates based on amount, tenor and currency. Click Here for current rack rates.

  Goal Recurring Deposits

  • Multiple goal based saving options, such as General Savings, Education, Retirement, Travel, Marriage
  • Define goal tenor and monthly contribution amount for each goal separately
  • Flexible tenors starting from 6 months to 5 years.
  • Please click here for the applicable rates and the interactive tool to calculate monthly savings.

   

• How can I open a Fixed Deposit?

  Fixed Deposit accounts may be opened by residents and non-residents. An operative account (Current or Savings) is mandatory prior to opening a Fixed Deposit (FD) account.

  For existing accountholders, an individual can apply online, mobile or through branch applications.

• What are the documents required for opening a Fixed Deposit?

  Application Forms

  • Fixed Deposit-Recurring Deposit Form
  • Fixed Deposits-Recurring Deposit Form - Priority Banking
  • Terms and Conditions of FLexiDeposit
  • Terms and Condition of RegulaReturns
  • Undertaking for Fixed Deposits
  • Undertaking for Fixed Deposits (2 Years & Above)

  Eligibility and Documentation

• What is the minimum amount required for opening a Fixed Deposit?

  The Minimum amount of deposit required is AED10, 000 (or equivalent) for standard Fixed Deposit and for Goal Recurring Deposits, a minimum deposit of AED500 or USD200 is required.

• Can I open a Fixed Deposit in different currencies?

  You can most definitely open a fixed deposit in a different currency. Please click here for currencies offered by us

• What are the range of tenures for which I can open a Fixed Deposit?

  The tenures in which you can open a Fixed Deposit range from 7 days to 5 years.

• What are interest rates for a Fixed deposit? Is it different for other currencies than AED?

  Rates differ based on applicable tenor and currency. Kindly, Click Here for current rack rates.

• What are frequencies available for receiving the interest on a Fixed Deposit?

  For Fixed Deposits, interest is payable on maturity. RegulaReturns (RR) Deposits gives clients an option for Monthly, Quarterly and Semi-Annual interest payouts.

• Will I receive a Fixed Deposit advice?

  You will receive a Fixed Deposit advice, on both booking and renewal. It will be sent as physical paper advice to your registered PO Box updated as per the bank records.

• How do I amend a Fixed Deposit instruction?

  You can amend a Fixed Deposit instruction by visiting the nearest branch or by logging in to Online Banking and placing a request through Fixed Deposit/Goal Recurring Deposit Instruction. For additional funding, deposits will be prematurely closed and rebooked as a new Fixed Deposit.

• How do I redeem a Fixed Deposit prior to the original term?

  Deposits withdrawn prematurely will be paid interest as per prevailing foreclosure policy. For FlexiDeposits, partial withdrawals permitted as low as 1Dh. There will be no interest paid for partially withdrawn amounts. Interest will be paid on maturity date on the remaining balance amount.

• How do I redeem a Fixed Deposit?

  By visiting the nearest branch or login to Online Banking to place a request through FD Renewal/Withdrawal Instruction

  You may redeem your Fixed Deposit by visiting the nearest Emirates NBD branch or by logging in to your Online Banking and placing a request by selecting: My Finances > Accounts > Savings & Deposits, and then select the deposit which you would like to Redeem.

  

• If I don't redeem my Fixed Deposit on the maturity date, will it get auto renewed?

  If the instructions are to Auto-Renew on maturity, then it will In the absence of any instruction from the customer (at least two working days prior to the maturity of the Fixed Deposit), the Fixed Deposit, together with interest accrued, will be renewed for similar period at the prevailing rate of interest on the date of such renewal.