FAQs

  1. How often is interest paid and in what currency is it paid?

    Interest will be credited on the first day of the following month and paid according to the respective currencies.

  2. What is the difference between a normal current account and a Master Foreign Currency Account?

    A cheque book is not issued to an individual Master Foreign Currency Account compared to normal current account holders.

  3. How much do I need to open such an account?

    A minimum of USD1,000 or its equivalent is required to open a Master Foreign Currency account whereas for Foreign Currency Placement, a minimum of USD5,000 equivalent is required to earn interest.

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