Can any type of company open any type of Deposit Account?
- Only non-profit organizations can
- The Term Savings Account can be opened in the name of individuals or non-profit institutions
- The Time Deposit Account can be opened in the name of individuals and any institution
Can I withdraw money from my Deposit Account anytime?
Only at maturity or 5%-10% upon emergency that occurs before maturity.
Can the Sight Deposit Account be linked to a debit card?
Yes.
Do any charges apply to the Deposit Account?
No charges are applicable by the Bank (only 7% government tax on credit interest).
How is the interest rate set?
Interest rates are set as per grid of balance bracket, maturities, currencies and type of account.
In which currency can I open a Deposit Account?
In all major currencies.
Is the passbook allowed with the Sight Deposit Account?
Yes.
What are the advantages of having a Deposit Account?
- A track record with the Bank that allows you to get any other product or service easier
- Preferential interest rates compared to the Current Account
What are the benefits of having a Deposit Account?
With the Deposit Account, you can:
- Start saving money for future plans, goals or emergency circumstances
- Store cash in a safe place while money is earning interest
What are the conditions to open a Deposit Account?
Standard conditions of account opening.
Minimum balance to benefit from credit interest as per grid.
- Term Savings Account can be opened in the name of individuals or non-profit institutions
- Time Deposit account can be opened in the name of individuals and any institution
What do I need to do to open a Deposit Account?
You must visit the branch with a copy of your ID or passport, fill in and sign all required documents.
What does the Deposit Account offer me?
- No charges applicable on the account (only government tax)
- Free enrollment in Audi Online (if current account available)
- No closing account fees
- Credit interest rate
What does the Sight Deposit Account offer me?
- Credit Interest Rate
- Transactions on Account (debit and credit)
- SMS Alert
- Free Audi Online service
- Free audimobile Free the first 3 months
- Free Quarterly e-Statement
- Debit Card
What is a Deposit Account?
A Deposit Account is an account provided by the Bank to set aside funds to be used later while earning a certain interest rate over a determined period of time.
What is the difference between a Time Deposit account and a Term Savings Account?
In the Time Deposit Account, you can have one statement of account per year against none for the Term Savings Account.