Blocked savings accounts for individuals saving towards the realization of specific projects. Withdrawals cannot be made from the account during the contractual period.
Initial Deposit: 10,000 FCFA
Credit Interest: 5% per annum
Account Opening Fee: 3,600FCFA
Minimum Balance: 10,000 FCFA
Minimum Blocked Duration: 06 months
Penalty for Early Closure: 50% of due interest
- Safe keeping of funds for a project
- Possibility of using the account as Cash Collateral for a Loan
- SMS Notification on all Transactions
- 5% Interest on savings
- Zero account handling charges
- Stress free savings
Account Opening Requirements and Documents:
- 3 Passport Size photographs
- A copy of National Identification
- Justification of income (Pay slip, Professional Badge, Confirmation of Employment, proof of business ownership, etc.)
- Location plan of residence
- Taxpayer Identification Number
- Signed and dated hand written request to block the account
Want to know more about our FINASDDEE Blocked Savings Account (FIBLOSA)?
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