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Installment Deposit Account

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An installment deposit account is a longer-term saving. It is where you put a set amount of money or
installment into the account daily or monthly for a set period of time and let it grow. Once the period is over,
you withdraw the principal and interest together.
When you open your installment account, you will get a free passbook and have no annual or maintenance
Important information
• USD 10 minimum deposit (normal installment) and USD 500 minimum deposit (premier installment)
• For pre-mature withdrawal, interest rate of 0.8% is offered
– National ID Card or valid passport
– Valid passport Employment certificate, contract or business certificate(s) Proof of current living address
certified by relevant authorities, lessor or employer
Business Entity
– Certificate of Incorporation Business license Memorandum and Articles of Association Patent tax
certificate/Tax registration letter Board of directors or Directors’ resolution
– National ID card or passport of owner(s), shareholders or director(s), and authorized signatories
– Memorandum of Understanding (MOU) or Authorization Articles of Association and Organization Tax
registration letter Board of directors or directors’ resolution Proof of source of funds and assets National
– ID card or passport of founders, board of directors, or director(s) and authorized signatories