The Iranian residing in Foreign countries, who are going to open deposit banks accounts or transfer local and foreign currencies into beneficiary account, are privileged to honor it through EDBI's correspondents banks.
Conditions of opening deposit-bearing-interest account in EDBI (Iranian residents in foreign countries)
The Iranian residing in Foreign countries, who are going to open deposit banks accounts or transfer local and foreign currencies into beneficiary account, are privileged to honor it through EDBI's correspondents banks.
Meanwhile, interest-bearing-account owners are privileged to receive principal plus interest of sum on maturity date, reinvest and transfer it to the very correspondent banks.
Considering unification in exchange rate and permission for dealing foreign currencies in daily exchange rate, all Iranians can request EDBI to convert foreign currency into Rial and place deposits with EDBI for whatever period they wish, also they can request EDBI to convert principal and sum to foreign currencies and transfer it to BNF banks through EDBI's correspondent banks.
In this kind of accounts interest rate applied by EDBI is LIBOR plus 1 as margin.