Bokra Accounts

A saving account in Egyptian Pounds tailored for women only to fulfil her future needs by paying monthly fixed installments with different tenors to gain the principal and cumulative interest at the end of the period plus the benefit of life insurance.

Benefits:

• Account available in Egyptian pound and for women only.
• Exemption from account opening fees and periodic expenses.
• Free issuance for Meeza Card.
• Fixed interest rate paid at the end of the period.
• Period and installment determine by the customer.
• Account duration is from 1 year to 10 years.
• Possibility of redemption of the account’s value 6 months after the issuance date according to early redemption tables.
• Possibility of opening more than one account for the same customer with different tenors & installments.
• Possibility of granting a credit facility or secured credit card against Bokra account with the same currency on favorable terms.
• Installment can be paid through different ways:
  • Deduct installment directly from the linked account.
  • Deposit installment directly in Bokra account.

Features:

• Minimum amount for installment 100 EGP.
• There are two types of Bokra Account:
  • Bokra account with fixed monthly installments to earn total saved amount plus the cumulative interest at the end of the period.
  • Bokra insured account with fixed monthly installments to earn total saved amount plus the cumulative interest at the end of the period. In addition to life insurance to assure guarantees the payment of the total value agreed upon at the end of the period, by covering the difference between the maturity value of the account at the end of the period and the total installments paid until the date of death.

Interest Table:

Redemption Table:

Required Documents:  

• National ID and Birth certificate for minors
• Passport for foreigners
• Recent utility bill (with current address)
• Account opening terms and conditions