Features:
Minimum initial deposit of SAR 5,000 and up to SAR 1 million
Monthly contribution of SAR 500
The product is offered to individual customers only
Available in Saudi Riyal only
Tenor ranges from 1 to 5 years
The monthly installment will be Gregorian calendars
Possibility of maintaining multiple Recurring Deposits Accounts
Returns are paid at the end of the contract with the basic of investment amount
Access to your account statement through E-channel without performing any financial transaction
Banque Saudi Fransi - Recurring Deposit Account :
Minimum Balance
Minimum Salary
Monthly contribution of SAR 500
Opening Balance
Minimum initial deposit of SAR 5,000 and up to SAR 1 million
Annual Rate
Monthly Fee
No
Documents required
Saudi Citizens
Saudi National ID
GCC Citizens
Passport
National ID
Expatriates
Iqama ID
Copy of passport
Eligibility
The customer must be at least 20 years old.