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Call Deposits

Get more than you expect

Enjoy attractive returns as well as peace of mind as you watch your money grow with our call Deposits account.

Looking for higher returns, but don’t want to lock away your money? You’ve got it. Enjoy higher returns and easy access to your money. Also, earn attractive interest rates on your minimum daily balance with optimum flexibility. You can access your money by giving just two working days’ notice.

Call Deposit  accounts require a minimum average monthly balance to be maintained. Failure to which the following fees in the currency of the account will be incurred:

Currency Minimum Average Monthly Balance Fee
AED 3,000* 25*3
USD 3,000*1 25*3
GBP 3,000*2 25*3
EUR 0 0
CHF 0 0
JPY 0 0

*Minimum average monthly balance for company accounts to earn interest is AED 25,000
1Minimum average monthly balance required for company accounts is USD 10,000
2Minimum average monthly balance required for company accounts is GBP 10,000
3Not applicable to Business Accounts


Currency Interest (% p.a.)
AED 0.10
USD 0.10
JPY -0.60

For Personal Call Deposit Account, Interest is accrued daily and paid quarterly for AED/USD.

For Business Call Deposit Account, Interest is accrued daily and paid monthly for AED/USD.

For both Personal and Business Call Deposit Account:

  • If interest payable is less than AED 10/USD 3, then no interest is credited.
  • JPY interest charges are accrued daily and applied monthly.
  • We will require written withdrawal instructions from you with a notice of two working days in order for you to be able to access the funds.
  • No cheque book and debit card is issued with this Account.
  • Debit card is required for accessing Digital Banking facilities, and hence, you will not be able to get access to Digital Banking unless you have another transactional account that provides you with a debit card.

You are required to:

  • Review this document and all other terms & conditions set out in the application form in detail;
  • Regularly check our website  www.rakbank.ae for updates;
  • Notify the Bank in writing if there is a change in your employment or income details, contact details, residential status, identification details, financial details or any other material information as declared in the application form; and
  • Always safeguard sensitive banking details such as a/c number, cheque book, Debit Card, login ID, passwords, pin number etc.
  • The Bank may amend the features, fees, charges, terms & conditions of the Account on 60 days’ notice to you in advance.
  • The Bank may amend the profit rates for the account on 30 days’ notice to you in advance.
  • If the Account is not used for a period of 1 year, it will be designated as inactive and you will not be able to transact unless activated again.
  • If the Account balance is not sufficient to settle outstanding dues, these will be recovered as and when the Account is funded or alternatively from any other account held by the customer with the Bank.

In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.



  • Foreign currency denominated accounts may incur foreign currency services. Applicable foreign currency services will be debited from the available balance. This may cause reducing balance even without customer induced withdrawals.
  • Foreign currency exchange rates are used for computing minimum balance as well as minimum balance charges. Applicable balance amounts in foreign currency may vary based on the exchange rate variation from month to month.
  • The Bank may close the Account if KYC or identification documents are not updated regularly, or if required as internal policies or upon request from regulatory / judiciary entities.
*Note: Verification Image text is case sensitive

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