Recurring Deposit

National Bank of Ras Al-Khaimah PJSC (RAKBANK)

National Bank of Ras Al-Khaimah PJSC (RAKBANK) logo
Minimum Deposit AmountAED 350.00
CurrencyAED
Tenure365 - 1825 days
Interest Payment FrequencyOn Maturity
Interest/Profit Rate2.5%
Early Withdrawal PenaltyNo interest if withdrawn before 6 months; lower interest applied for withdrawals after 6 months.
Partial Withdrawal AllowedNo
Islamic DepositNo

Special Features

Allows small monthly contributions for disciplined savings.

Other Deposits: