Saving Account Open Iraq : Rasheed Bank

Name of the Organization : Rasheed Bank
Type of Facility : Saving Account Open
Country : Iraq

Official Website : http://rasheedbank.gov.iq/

Saving Accounts Open :

They are saving accounts for individuals or companies, under which the Bank is committed to give an annual interest specified depending on the amounts deposited at saving accounts.

Related : Rasheed Bank Iraq Remittance Request for Bills : www.statusin.org/5642.html

Owner of account is given a saving account book of a certain number, in which deposit and withdraw movements are written down according to date and type of movement. It is confirmed by a signature of category A or B signatory.

Description of Services :
The account is opened depending on a form in which customer name, signature and address and date of application of opening the account are written down. The form includes the conditions that should be adopted and liabilities on the Bank as result to opening the account. The signatures of customer, his/ her representative (if any) and the form competent employee are gained. The accounts are subject to the Bank procedures and instructions.

Procedures :
The required documents are ID card, habitation card , personal photo, Iraqi Citizenship Document and any other documents.

Document Required :
The legal framework is the banking regulations issued by the Central Bank f Iraq and other official entities and the applied laws, under which the Bank is committed to perform the deposited amount plus defined interests.

Legal Framework And Conditions :
Standard Time of Service starts from date of customer’s request to open the account, submission of required documents and depositing the amount till posting it on computer, registering it in the related book and documenting it by both categories A and

Standard Time of Service :
Specific commissions are charged for opening the account and the saving account book provided to customer.

Fees :
Specific commissions are charged for opening the account and the saving account book provided to customer.

Credit Department :
The department carries out credit operations of all types, providing credit facilities to customers in the issuance of overdrafts, discounting bills of exchange, issuance of letters of guarantee in both monetary and contractual terms, and temporary facilities such as advances in current account overdrafts and loans in medium and short term Iraqi Dinars and loans (in foreign currency for sectors / private / mixed / public).

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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