Existing Emirates NBD customer

• Sign an application

New to bank customers

• Valid National ID
• Recent Utility Bill (maximum three months)
• HR letter / Salary slip / 3 months bank statement

Self-employed

• Valid National ID
• Recent Utility Bill (maximum three months)
• Recent copy of commercial register and tax card

Pensioners

• Valid National ID
• Recent Utility Bill (maximum three months)
• Proof of pension

Foreigners

• Valid Passport with country entry visa
• Recent Utility Bill (maximum three months)
• Residency / Work permit

Time Deposits:

• Time Deposits will be offered to all customers whether individuals or companies, and can be linked to either an individual or company account
• Time Deposits tenors are: 1 week, 2 weeks, 1 month, 2 months, 3 months, 6 months and 1 year
• Minimum amount to issue a TD:
  • Less than one month: EGP 100,000 or equivalent of USD 20,000 in major foreign currencies
  • One month and over: EGP 5,000 or equivalent of USD 2,000 in major foreign currencies
• Interest is credited at maturity for each Time Deposit’s type
• Interest rate for each type of TD:

  Time Deposit Tenor		Interest Rate
  1 Week		2.00% p.a.
  2 Weeks		2.00% p.a.
  1 Month		3.00% p.a.
  2 Months		3.00% p.a.
  3 Months		3.25% p.a.
  4 Months		3.25% p.a.
  5 Months		3.25% p.a.
  6 Months		3.75% p.a.
  1 Year		4.00% p.a.

12-Month Time Deposits:

• Available in EGP and all major foreign currencies
• Tenor of 12 months
• Interest is credited monthly / quarterly
• Interest is credited in both currencies EGP and USD
• Minimum amount:
  • For periods less than one month, minimum deposit is EGP 100,000 or equivalent of USD 20,000 in major foreign currencies
  • For periods of one month and over, minimum deposit is EGP 5,000 or equivalent of USD 2,000 in major foreign currencies
• Automatic renewal at maturity date upon client’s preference
• Can be used as a collateral for a loan, overdraft or credit card with a financing ratio of up to 90%
• The interest rate for the EGP TDs is 2.75% p.a.
• The interest rate for the USD TDs is 0.2% p.a.

18-Month Time Deposits:

• Offered to individuals and companies
• Available in local currency only
• Tenor of 18 months
• Interest rate is 8.00% and is credited monthly in EGP to the account
• Automatic renewal at maturity date upon client’s preference
• Can be used as a collateral for a loan, overdraft or credit card
• Minimum amount to issue the TD is EGP 5,000

24-Month Time Deposits:

• Offered to individuals and companies
• Available in local currency only
• Tenor of 24 months
• Interest rate is 8.50% and is credited monthly in EGP to the account
• Automatic renewal at maturity date upon client’s preference
• Can be used as a collateral for a loan, overdraft or credit card
• Minimum amount to issue the TD is EGP 5,000