Investment Account
Every person who has legal competence is able to open on time investment
deposit account in his/her name or in the name of his/her supporting
persons. There are two types of on time account of short-term
and long-term accounts.
Short-Term Deposits
1. General short-term deposit account: The interest rate
for this account is 7 % and at the minimum 50,000 Rials should be
deposited for at least 3 months.
2. 6-months specific short-term deposit: The interest rate
of this account is 9 % and it cannot be changed throughout the depositing
period.
3. Short-term deposit for buying house: The applicants of
buying house should deposited certain amount with the bank in order
to be able to enjoy facilities for buying house, otherwise the applicants
will receive an interest equal to the interest rate of short-term
deposits.
Long-Term Deposits
1. Long-term investment deposit for 1 year: It is a kind
of deposit account with the interest rate of 14 %.
2. Long-term investment deposit for 2 years: It is a kind
of deposit account with the interest rate of 16 %.
3. Long-term investment deposit for 3 years: It is a kind
of deposit account with the same interest rate of the long-term investment
deposit for 2 years.
4. Long-term investment deposit for 4 years: It is a kind
of deposit account with the interest rate of 17 %.
5. Long-term investment deposit for 5 years: It is a kind
of deposit account with the same interest rate of the long-term
investment deposit of 4 years.
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