It is important that you inform us of any change in your contact details to ensure that all correspondences reach you in a timely manner.
What are the risks involved?
You are advised to do your own risk assessment before opening Wadia Current Deposit-i account. However, there is no risk involved in this product if the sources of their deposits are from permissible business activities.
What are the fees and charges I have to pay?
Customer is required to pay service charge and fees that is chargeable as per the Bank’s terms and tariffs such as when a transaction is affected via ATM, PoS, other cash dispensing outlets, and other cost recovery activities. If there are any changes in fees and charges that are applicable to your facility, the Bank will notify...
What are the other key terms and conditions of this product that I should know?
This account works under al-wadiah yad dhamanah principle (not Amanha). Thus, it is assumed that customers allow the Bank to use their fund for whatever permissible business permitted by Shari’ah; The gift paid to this account holder shall not be fixed, consistent and is not part of the contract; Under the contract of Wadiah, the custodian, i.e. the Bank...