Special Short – term Investment Deposit Account

-The minimum deposit required for opening special short – term deposit account is 50000 Rials.

-The minimum term of special short – term deposit account is 6 months .

- Additional deposits to or withdrawals from the account until the maturity date is not allowed.

-The interest of the account is calculated at the end of each month and is transferred   to the account introduced by the holder on the first working day of the next month.

- Payment of interest is as payment on account (Ala – Alhesab) and after the declaration of definite interest rate and in case the definite interest is more than payment on account, the balance of interest is paid to the account holder.

- If the account is cancelled before 30 days from the date of opening , it will gain no interest.

- If the account is cancelled after 30 days and before the maturity date, it will gain an interest rate equivalent to 0.5% less than the interest rate for regular short – term deposit account.

-The interest rate of special short – term deposit account is currently 13% as payment on account (Ala – Alhesab) per year.