- It is an interest-bearing account with an agreed maturity date. The minimum maturity period is three months.
- It is opened with an initial deposit of US Dollar 5,000 or its equivalent in any of the above-stated currencies.
- Interest on such accounts shall be payable only if the account is maintained at least for a minimum period of three months.
- Interest income on such accounts is tax-free.
- The Bank will give a certificate to its customer when the money is transferred following the opening of the account.
- Allowed to set the interest rate on non-residence fixed foreign currency account upon negotiation but not less than LIBOR.
