NBF Fixed Deposits:
NBF stands for National Bank of Fujairah. The bank offers fixed deposits at attractive rates of interest for different tenures. Investing in NBF Fixed Deposits, not only you get attractive returns on your investments, but you can also enjoy a lot of flexibilities in term of choosing deposit tenures as per your convenience. However, the interest rates offered by NBF on fixed deposits may change depending on the market condition and without giving any prior notification to customers.
NBF Fixed Deposits: Benefits & Features
- Enjoy attractive rates of interest on FDs.
- You can choose a maturity date based on your convenience.
- Offer roll-over facility to help you renew your fixed deposits automatically.
- Sweep facility is available by using which you can transfer pre-defined amounts.
- Offer built-in Flexi Overdraft facility for temporary usage.
- NBF Fixed Deposits come with a credit card to help you enjoy further benefits.
What is a Fixed Deposit?
A fixed deposit is a type of a savings account wherein you can invest for a particular period of time and get guaranteed returns on your savings. Fixed deposits are high interest providing term deposits and offer higher returns on your savings compared to normal savings accounts. These deposits come with flexible tenures, and you can choose your investment tenures based on your convenience. On maturity, banks pay you the interest on your FDs along with the original principal amount. If you intend to withdraw your deposit before a given maturity date, you need to give a prior notice to your bank and seek permission. Banks charge a penalty fee for such premature withdrawals of fixed deposits.
National Bank of Fujairah is one of the leading banks in UAE. Established in 1982, the bank is well known for providing quality banking experience in areas like Corporate and Institutional Banking, Treasury, Online Banking and Personal Banking etc. Recently, NBF has extended its range of services to include comprehensive personal banking and shariah compliant services. NBF offers financial support to a number of industries which include manufacturing, construction, oil and shipping, education and healthcare. The bank constantly tries to create a lasting relationships with customers by providing them superior customer service.
National Bank of Fujairah also offers the following products in UAE: