Diaspora Fixed Time Deposit
High interest earning, time blocked, FCY denominated saving account for Ethiopian Diasporas. The deposit is opened, operated and the principal amount can be repatriated back in to a foreign country after the maturity period by the customer.
Product Features
- Safe
- Bears interest rate
- Crediting from local source is prohibited
- Serve as collateral or guarantee for loans or bids
- Can be repatriated to abroad after maturity
- Initial Deposit : USD 5,000
- Minimum deposit amount : USD 5,000
- Maximum deposit amount : No Limit
- Withdrawal Limit : Not Allowed
- Withdrawal can be made through cash
Eligibility Requirements
- Present valid and renewed Ethiopian origin ID, passport or ID where nationality is explicitly defined and one recent photograph (3×4)
- Valid resident and/or work permit that certify the Ethiopian National living and working abroad for more than one year
- Tin registration certificate, Renewed trade license and commercial registration certificate (For MSME)
