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A customer signing up for a Boubyan Personal Savings account.

Benefits

  • Monthly installment deducted directly from your account
  • Profits calculated monthly and paid yearly
  • Flexibility to break the plan before maturity and refund the full accrued saved amount along with the accrued profits
  • Flexibility to withdraw partially from the plan
  • The total savings plan target amount is covered by Boubyan Takaful insurance

Hello

Features

  • Saving plan tenor is from 2 to 15 years
  • Plan amount from KD 3,000 to KD 250,000
  • Monthly installment amount KD 20 and above
  • Available in KD

Required Documents

  • Copy of the child’s civil ID
  • Copy of the parent or guardian’s civil ID 
  • Filled medical questionnaire 
  • Printed monthly installment calculation for the Education Savings Plan 

Terms & Conditions

  • Salary transfer to a Boubyan account 
  • Salary starting from KD 1,000
  • Minimum saved target amount KD 10,000
  • Maximum saved target amount KD 250,000
  • Minimum tenure 4 years
  • Maximum tenure 18 years
  • The fixed deposit reaches maturity once the parent is 65 years old or the child turns 18 (whichever comes first).