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Cantact Us
Saving Accounts
Empowering Your Financial Growth with Expert Solutions
Savings Account Advantages:
- Guaranteed Financial Return: The savings account offers a guaranteed financial return for a specific period, with various options for payment (monthly, quarterly, or annually).
- Easy Account Opening: Anyone can easily open an account and deposit funds without needing advanced financial expertise.
- Easy Access: You can access your funds at any time.
- Issuance of a Savings Book: A savings book is issued to the customer, which includes their name, recent personal photo, address, branch name, and account number.
- Return Calculation: Returns are calculated based on the deposited amount and the rate announced by the bank.
- Exemption from Fees: Customers are exempt from account opening fees, with only a printing fee of 5,000 dinars for the savings book.
Terms and Conditions:
- The minimum amount to open a savings account is 500,000 Iraqi Dinars, and the maximum is 1,000,000,000 Iraqi Dinars. Any amount exceeding this requires approval from senior management.
- The customer is solely responsible for the information provided to the bank.
- The savings book is the customer's responsibility. In case of loss or damage, the customer must immediately notify the bank in writing. The bank bears no responsibility unless officially informed.
- The savings book must be returned to the bank when the balance is fully withdrawn and the account is closed.
- All transactions must be recorded in the savings book. The validity of these records is verified by two signatures from authorized bank representatives, one of which must be a Grade A signature.
- The bank does not recognize any notes or modifications in the savings book unless approved by the bank and certified with authorized signatures. All updates must comply with the bank's rules and regulations.
- Returns are calculated monthly based on the lowest balance in the account during the month.
- Returns are paid according to the policies announced by the bank.
