Product Savings Account
  •           Saving Bank Account – AED offers an interest rate of 2.00% p.a. 
  •           This account is for individuals only.
  •           All account holders are eligible for ATM card.
  •           The account operation is by way of cash deposits / withdrawals
  •           Collection cheques are accepted in the account
  •           Interest will accrue each month on the lowest balance of the month and will be applied to the customer account once a year and on closure of account.
  •           Standing Orders for transfer of funds from one account to another and for remittances are accepted
  •           Statement can be issued at any frequency to suit the needs of customers as per their requests, else yearly statement is issued.
  •           No restriction on number of withdrawals
  •           All Accounts are opened based on KYC guidelines as per Central Bank of UAE
 
 
Requirement for opening of SB Account.
 
  •           Duly filled application form (Plaese contact your nearest BMI branch for the necessary forms and more information)
  •           Passport copy
  •           Copy of Labor card / Emirates ID
  •           Two recent passport size photographs
  •           Original documents will be verified and returned