This account can be opened for both
individuals and legal entities upon presentation of an
approved personal identification document for individuals, and
the approved registration
documents for companies, institutions and legal entities.
This account may be opened in the name
of one or more individuals with specification of the
authorized signatories and their signatory powers
Fixed deposit accounts carry a certain
interest the percentage of which shall be set at the time of
deposit and upon each renewal.
The balance must be higher than the
minimum set for this account in the relevant area, otherwise
the interest shall not be computed.
No checkbooks are given for this type of
account; and transfers there from cannot be made through the
Withdrawals from this account may not be
made unless it matured.
On maturity, the account is
automatically renewed for an identical period and at the
interest rate prevailing thereupon, unless otherwise
instructed five days prior to maturity date by the account
Withdrawals or transfers from this
account may not be made before dates of maturity, unless
otherwise stipulated by the prevailing norms, laws and