In compliance with BPD Circular No. 30 of November 29, 2005 Emirates Global Islamic Bank also offers the Basic Banking Account to its depositors.  This facility is targeted towards providing an affordable banking service to customers who are unable to maintain a high balance requirement.

• The Basic Banking Account is a Rupee current account on which no profit / return will be paid to the depositor
  
  
• Offered to individuals only
  
  
• Account opening requirement of Rs. 1000 only

• No balance maintenance requirement and no penalty for low balances
  
  
• The account will be automatically closed in case of nil balance for a continuous period of 6 months
  
  
• The customer will be allowed 2 deposits (cash or clearing) and 2 withdrawals (cash or clearing) in a month free of cost.  Transactions over and above will be charged as per Schedule of Charges
  
  
• Unlimited, free of cost Cash withdrawals through EGIB’s own ATMs will be allowed.  Transactions on Non-EGIB ATMs will be charged as per Schedule of Charges
  
  
• Statement of account will be issued once a year
  
  
• All other services will be provided as per the bank’s prevailing Schedule of Charges