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8. By Product Type

No: 420092840000 Date(g): 6/10/2020 | Date(h): 19/2/1442 Status: In-Force

Effective from Oct 01 2020 - Sep 30 2020
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 8.1Demand Deposits:
 
  Represent non-special commission bearing customer deposits that have no maturity and can be withdrawn without prior notice. These deposits also include current accounts. If a bank does not pay any commission rate on the demand deposits, the balance should be calculated with 0% rate.
 
 8.2Saving Deposits:
 
  Represent non-checking special commission bearing customer deposits with no defined maturity.
 
 8.3Time Deposits:
 
  Represent special commissions bearing customer deposits with a defined maturity.
 
 8.4Other Deposits:
 
  Any other deposits not already classified in the above category such as Repos, Swaps transaction with SAMA and other.