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An FCY denominated fixed time deposit 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
  • 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
Basic Requirements

For Natural person [Retail Business Segment]

  • Has to be of legal age [>= 18 years]
  • Present valid and renewed ID card and two recent photographs (3×4)
  • The customer should be engaged in Shari’ah compliant business [Halal Business]
  • Initial Deposit.

For Artificial Persons [Partnership, Assn., Ço-ops., PLCs, Share Companies, etc.] MSME &Corp.

  • Valid and renewed Ethiopian origin ID, passport or ID where nationality is explicitly defined
  • 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 and Corporate)
  • The customer should be engaged in Shari’ah compliant business [Halal Business]
  • \Initial Deposit.
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