Savings Accounts

Safe, Secure and Tax-Free

We offer you EDBI's Savings Accounts with the following qualifications (for making a deposit in foreign currency):
Terms and Conditions:

• Original I.D Card and a copy. (Valid Passport as well as visa is required for foreigners).
• Minimum amount of USD 100 for opening account.
• Deposit Accounts: LIBOR*+1
• Minimum Investment: USD 1,000 or its equivalent in other currencies
• Acceptable Currencies: U.S. Dollar (US$), EURO (EUR), Great British Pound (GBP), Arab Emirates Dirham (AED), and so forth.
• Deposit period: 1-12 month(s)

Free of Income Tax

* London InterBank Offered Rate:
LIBOR is the rate of interest at which banks in London lend funds to other prime banks. LIBOR is released, each business day in LONDON at 11:00 GMT, by the BBA ( British Bankers Association). LIBOR is used as the reference rate for money markets.