Short-term deposit account - IRR

This account refers to deposits that allow the customer to make deposits and withdraw, up to the total amount, without any concern about the time period. The interest paid to such accounts is calculated and paid every month based on the minimum balance during the month. For the time being, the on-account interest rate is 5% and minimum interest-bearing required deposit is 500,000 Rials.

Terms and documentation for opening short-term deposit account

• ( Opening deposit accounts for individuals under 18 years of age and legally incapacitated persons is possible in accordance with applicable laws and regulations.) Applicants must be at least 18 years of age or provide a judgment from a competent court of law declaring them adult,
• presenting the original Birth Certificate and valid National Card, for natural persons,
• Presenting the articles of association or articles of incorporation, the first announcement of company registration printed in the official gazette and the last announcement of company changes published in the official gazette, for legal entities,
• presenting valid employment documents such as work permit, commercial card, permanent doctor’s work permit, advocate’s license, certificate of employment and etc. for individual clients,
• submitting valid documents approving the address,
• In addition to providing valid proof of residence, the customer’s residential address must also be registered in the National Real Estate and Housing System.
• filling out the application forms,
• Providing the minimum required amount for opening a corporate Qard‑al‑Hasanah current account, sufficient to cover the applicable tax stamp duty and related fees..