What is a fixed deposit account?

A fixed deposit account is a savings product that lets you place funds with the bank for a chosen period and earn a fixed return until maturity.

What is the minimum amount required to open an Emirates NBD Fixed Deposits Account?

The minimum deposit required is AED 10,000 or equivalent in supported foreign currencies.

What tenures and currencies are available for Emirates NBD Fixed Deposits?

Customers can choose tenures from 7 days to 5 years. Fixed Deposits are available in AED, USD, GBP, EUR, SAR, AUD and CAD.

Can I withdraw my fixed deposit before maturity?

Yes, premature withdrawals are permitted. However, the applicable return is adjusted based on the elapsed tenor and reduced by 1% p.a. penal interest.

Fixed Deposit | Emirates NBD

Available in foreign currencies

Minimum deposit of AED 10,000

Apply through Mobile or Online Banking, or at a branch

Fixed Deposit Account

Digital Account Opening

Flexible tenures, higher returns

Benefit from an overdraft facility without breaking your deposit

Currencies: AED, USD, GBP, SAR, EUR, AUD, CAD

Flexible tenure from 7 days to 5 years

Minimum deposit of AED 10,000 or its equivalent in other currencies

Key features

Overdraft facility available
Rate fixed until maturity of deposit
Interest payout on maturity
Early closure permitted

Fixed Deposit rates

Key Facts Statement (KFS)

Bank with us securely and from anywhere

Mobile & Online Banking

On-the-go banking

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Security

Safeguarding your information
is a shared responsibility

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Requirements and documents for opening an account

UAE Nationals

Identification
- Original Emirates ID and copy
- Copy of passport
In case of a salary transfer account, we’ll need one of the following documents:
- Copy of Labour card
- Copy of Employee ID
- Latest salary letter
- Copy of employment visa page from passport

Expats

Identification
- Original Emirates ID and copy
- Copy of passport
In case of a salary transfer account, we’ll need one of the following documents:
- Salary transfer letter (not more than 30 days from date of issue for non-government companies. For government companies, validity as mentioned in the letter.)
- Copy of appointment letter or contract
- Copy of payslip (less than 3 months old)
- Statement with previous month’s salary
- For bulk accounts: consolidated letter from HR (with salary of each employee mentioned)

Non-residents

Passport and copy with visa page and one of the following documents
- Utility bill (not more than 3 months old)
- Bank statements (not more than 3 months old and you can print these off online banking too)
- Reference letter from a banker in home country confirming the length and nature of your relationship with them (this should be a minimum of 12 months); residential address of the customer as per the bank records

GCC Nationals

Identification
- Passport and copy or UAE National ID and copy
For current or checking accounts any one of the following documents:
- UAE National ID
- Labour card and copy
- Work Permit and copy
- Letter from employer
- Copy of recent telephone or electricity bill (not more than 3 months old)
- Tenancy contract in your name

Self-employed (non-individuals)

Passport copy and EIDA copy of all signatories/owners/director
Trade license if the company incorporated in the UAE
Memorandum of association (MOA)
Board resolution

UAE Nationals

Identification
- Original Emirates ID and copy
- Copy of passport
In case of a salary transfer account, we’ll need one of the following documents:
- Copy of Labour card
- Copy of Employee ID
- Latest salary letter
- Copy of employment visa page from passport

Expats

Identification
- Original Emirates ID and copy
- Copy of passport
In case of a salary transfer account, we’ll need one of the following documents:
- Salary transfer letter (not more than 30 days from date of issue for non-government companies. For government companies, validity as mentioned in the letter.)
- Copy of appointment letter or contract
- Copy of payslip (less than 3 months old)
- Statement with previous month’s salary
- For bulk accounts: consolidated letter from HR (with salary of each employee mentioned)

Non-residents

Passport and copy with visa page and one of the following documents
- Utility bill (not more than 3 months old)
- Bank statements (not more than 3 months old and you can print these off online banking too)
- Reference letter from a banker in home country confirming the length and nature of your relationship with them (this should be a minimum of 12 months); residential address of the customer as per the bank records

GCC Nationals

Identification
- Passport and copy or UAE National ID and copy
For current or checking accounts any one of the following documents:
- UAE National ID
- Labour card and copy
- Work Permit and copy
- Letter from employer
- Copy of recent telephone or electricity bill (not more than 3 months old)
- Tenancy contract in your name