Qatar Islamic Bank (QIB), the country's leading digital bank, has launched an innovative new “Growing Deposit”, a first-of-its-kind in Qatar, through its mobile app. “Growing Deposit” is a recurring, unique deposit account that allows QIB customers to place an amount of their choice each month and save money with ease. It gives more flexibility to the deposit holders as they can choose to place a fixed amount each month for a period ranging from two years to 10 years in Qatari riyals and/or US dollars. The minimum monthly amount to open a "Growing Deposit" is QR2,000 or $1,000 and the profit is credited into customers’ accounts at the end of every quarter. The deposit yields great benefits
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