2023-04-21 06:24:56
The National Bank of Egypt issued a new decision recently regarding the administrative expenses for opening the current account, in addition to the administrative expenses for opening the cloud every three months, in addition to fees for delaying the payment of amounts withdrawn from the credit card.
Increasing the expenses of opening the current account
And the National Bank of Egypt announced that it was decided to raise the expenses of opening the current account, so that the cost amounted to regarding 91 pounds, in addition to that administrative expenses are calculated every three months at a value of 30 pounds, provided that they increase to be 120 pounds during one year, according to what was mentioned by sources within the National Bank. He indicated that the fees for late payment of amounts withdrawn for exceeding the credit limit on the purchases visa will be raised from 50 pounds to 75 pounds.
Imposing violations charges and valid letters on credit cards
The National Bank of Egypt imposed fees for violations and valid letters on credit cards at EGP 75, and the National Bank raised the commission rate on cards secured by a salary guarantee or a certificate from 1.9% to 2.2% per month.
The National Bank of Egypt raised the quarterly interest rate
With regard to investment certificates, the National Bank of Egypt raised the quarterly return rate on investment certificates B, which are issued for a period of one, two, and 3 years, by 2% on the background of Central Bank decisions, stressing that the return for two years has become 11.5% instead of 10% with a quarterly return. He explained that the return on investment certificates from group B was raised to 11% instead of 9.50%.
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