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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 more than seven years
  • The full deposit can be redeemed at any time before maturity date, according to applicable redemption regulations 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