Bank Branches
ATMs
Affeliate Companies

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Exchange Rates
Currency Buy Price Sell Price
USD 17.8750 17.96
GBP 23.2018 23.6857
KWD 56.1887 59.4261
SAR 4.6972 4.7907
2017 Budget
Interest Rates

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Master Card

Prepaid Return Term Deposits

 

- The new advantage is represented in the possibility of the customer collecting the return on the despot as soon as its is locked with the branch without necessarily waiting until its maturity.

 

- The prescribed advantage (optional advantage for customer) is only applied to local deposits. The implementing branch must obtain a written approval from the customer to apply this advantage.

 

- The value of prepaid return is calculated in advance and so is the calculated return in case of premature redemption (automatically) to agree with the rate of return applied on deposits corresponding to the actual period for the stay of funds (minus 2%).

 

- In case of premature redemption, the value of what has been disbursed in excess is deducted by calculating the difference between the value of what has been disbursed in advance (on basis of the original term of the deposit) and what should have been disbursed in advance (pursuant to the actual period for the stay of funds).