Request for IQD & USD Deposits Iraq : Rasheed Bank
Name of the Organization : Rasheed Bank
Type of Facility : Request for IQD & USD Deposits
Country : Iraq
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Official Website : http://rasheedbank.gov.iq/
Request for IQD & USD Cash Deposits :
They are cashes (cash, check, bill) which are deposited by natural or artificial persons at the Bank, payable at request, after a notice or on a specific due date; for certain without an interest , depending on the agreement. They are of types (time, fixed and at notice)
Related : Rasheed Bank Iraq Provided to customers for importing Documentary LCs : www.statusin.org/5640.html
Description of Service :
Request is submitted to open a deposit account according to the investments set for this purpose and type of deposit under same conditions and descriptions required for opening current account, in which Bank conditions are set out. Documents submitted by the depositor are obtained. Type and term of deposit and depositor name and address are listed. His/ her signature is obtained in the presence of the employee who has the record. The defined card is signed by two employees, one of them is a category A signatory, and is referred to the branch manager for approval.
Procedures :
Same documents submitted for opening a current account.
Required Documents :
The legal framework is the conditions set out in the Deposit Acceptance Form, which are the Bank conditions, plus taking necessary pledges or submitting authorization by the depositor to extend the deposit beyond the due date and other applied forms.
Legal Framework And Conditions :
Standard Time of Service is defined by nature of the deposit, whether it is cash, check or bill, and the time spent to register it at the clerck and cashier and signatures of authorized signatories and branch manager.
Standard Time of Service :
There are other conditions and regulations may be submitted by the depositor and according to the agreement between the two parties.
Further Information And Links /The Concerned Ministry :
Defined fees and commissions of the Fee List are charged, according to type of the deposit, whether it is IQD or USD deposit.
About Us :
Al Rasheed Bank was established under Law No. (52) for the year 1988. It is subject to the Public Companies Law No. (22) for the year 1997 and on 4/12/2001 the capital of the Bank became two billion Iraqi Dinars.
The Rashid Bank aims to support the national economy through its functions, With the following :
1- Comprehensive commercial banking
2 – Investment of money at home and abroad
3. Financing all economic sectors according to development plans
4 – Providing banking services in the field of internal transactions of current accounts and savings and fixed deposits and grants advances and miscellaneous loans (in dinars and foreign currency) and credit facilities for individuals and companies.
Contact Us :
Al Rasheed Bank
General Administration
Al Rasheed District, Mahalat 110, Street 25
Pour. Postal Bab Al – Mu’amaz – Baghdad – Iraq
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