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Accounts and Deposits

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Deposits Accounts

 

In Egyptian pounds:

  • The bank opens a deposits account for a limited term and with prior notification, for a period spanning between seven days and seven years
  • The full deposit can be redeemed at any time before the date of maturation, along with the full interest for the actual period of deposit, in accordance with the applicable redemption rate at the bank
  • Upon maturation, the interest is registered in the current or savings accounts, or is added to the original deposit, according to the customer’s request
  • Loans can be taken out against the deposits, according to the regulations stipulated by the bank
  • Credit cards can be issued with the deposit acting as a guarantee, according to the regulations stipulated by the bank

 

In foreign currencies:

  • Banque Misr offers a series of deposits in foreign currencies with various terms, according to the customer’s wishes
  • Interest is registered in the current or savings accounts, or is added to the original deposit, according to the customer’s request
  • Upon redeeming the deposit prior to maturation, the interest is dispensed for the actual period of deposit
  • Deposits can be made for minors or others in accordance with the regulations stipulated by the bank
  • Loans can be taken out against the deposits, according to the regulations stipulated by the bank