Ar Rihla Regular Savings Account-i
Ar Rihla Regular Savings Account-i (Ar Rihla) helps you get a head start in saving up for your journey to the Holy Land. With as little as S$50 a month, Ar Rihla offers you a regular savings plan that lets you save with ease and spiritual clarity.
*Bonus (if declared) will be credited on the first calendar day after the end of each 12-month period, starting from the second calendar month of account opening (at bank’s discretion)
- Minimum age: 16 years old
- For young individuals below 16 years of age, the account may be opened in the name of the parent or legal guardian as a Trust Account
- Initial Deposit
- S$10 (Singaporeans/Permanent Residents)
- S$500 (Foreigners)
Documents Requirement for Singapore Citizens or Permanent Residents
Documents Requirement for Foreigners
- Employment Pass
- Proof of Mailing Address (i.e. Utility/Telco/Bank statement with another bank in Singapore) where name must be the same as your Passport and Employment Pass
Account opening is subject to the Bank's approval.
Fees and Charges
Fees and Charges
|Fall-below fee (per month)||Singaporeans and Permanent Residents|
|Early Account Closure |
(within 6 months)
|S$30 early account closure fee, if the account is closed within 6 months of opening|
Please click here to view the other Bank charges applicable for Current Account
Deposit Insurance Scheme
Singapore dollar deposits of non-bank depositors are insured by the Singapore Deposit Insurance Corporation, for up to S$75,000 in aggregate per depositor per Scheme member by law. Monies and deposits denominated in Singapore dollars under the CPF Investment Scheme and CPF Retirement Sum Scheme are aggregated and separately insured up to S$75,000 for each depositor per Scheme member. Foreign currency deposits, dual currency investments, structured deposits and other investment products are not insured.