Savings account operates under Modaraba principle. It earns the customers income depending upon the Bank’s financial results whereby the Bank pays profit to the account holders as agreed previously.
Features
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Can be opened in Bahraini Dinars and US Dollars;
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Profit is paid on a monthly basis;
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Savings accounts can be opened in the name of Individuals, Joint Personal, Sole Proprietorship, Body Corporate or any other legal entity;
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Free ATM card at the time of account opening;
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Free access to eBanking channels i.e. Internet Banking, Phone Banking and SMS Banking.
Requirements
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Copy of CPR + Passport
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CR + CPR (Private Business)
General Criteria
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Applicant must be 21 years old or above
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Minimum Initial deposit of BD 20 or USD equivalent
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A minimum balance charge of BD 1 if the average monthly balance is less than BD 20 or equivalent.
