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
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