Term deposit with multiple profit payment options
Now you have the choice to earn the profit on your deposit through flexible options. Whether you choose to receive your profit Upfront, Monthly, Quarterly, at Maturity, QIB will give you the option at your convenience.
Benefits
- Profit Payout Options:
- Upfront
- Monthly
- Quarterly
- On Maturity
- Tenor: 1, 2, 3 and 5 years
- Currency: Qatari Riyal only
Criteria
- Minimum Deposit Amount of QR 100,000.
- Full redemption is acceptable. partial redemption is not allowed.
- Early redemption:
- If redeemed later than 6 months: profit will be paid as per the profit rates every quarter for the tenor (until date of maturity); profits already paid will be deducted from the principal in addition to a 0.10% as nominal redemption.
- If redeemed in 6 months or earlier: No profit will be paid for early redemption and paid profits will be deducted from deposit principal amount. A further deduction of 0.10% as redemption fee will be applied.
- Auto renewal options: Not available. Upon maturity, you can apply for a new deposit by signing a new application form.
- Finance of up to 90% of the deposit amount.
Requirements
- You can apply at the nearest branch by filling the form or online
- Copy of your ID (for Locals & Expats)
- Copy of Passport (for Expats)
*Terms & Conditions apply
