{"id":2502,"date":"2020-12-02T12:56:43","date_gmt":"2020-12-02T12:56:43","guid":{"rendered":"http:\/\/localhost\/bdl\/?page_id=2502"},"modified":"2020-12-02T12:56:43","modified_gmt":"2020-12-02T12:56:43","slug":"term-deposit","status":"publish","type":"page","link":"https:\/\/www.bdl.dz\/en\/term-deposit\/","title":{"rendered":"term deposit"},"content":{"rendered":"\t\t
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\r\n Term Deposit- DAT<\/span>\r\n <\/i>\r\n <\/h3>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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What is it ?<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The term deposit is an investment of money in Dinars and \/ or currency made by the order of the customer (legal or natural person) for an agreed period.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Eligibility\u00a0<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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<\/i><\/div>\r\n \t
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\r\n\t \t\tAny natural or legal person.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\n <\/div>\n
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Associated products<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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<\/i><\/div>\r\n \t
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\r\n\t \t\tBank account.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Interest rate<\/h6>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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<\/i><\/div>\r\n \t
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\r\n\t \t\tThe interest rate for the DAT in dinars is fixed on the basis of the Bank's tariff conditions;\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n
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\r\n\t \t\tFor the DAT in foreign currency, the interest rate is set by the Bank of Algeria.\t \t<\/div>\r\n\t <\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\n <\/div>\n <\/div>\n <\/section>\n <\/div>\n <\/div>\n <\/div>\n <\/section>\n
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\r\n FAQ<\/span>\r\n <\/i>\r\n <\/h3>\r\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\n <\/div>\n <\/div>\n <\/section>\n
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\r\n What is a term deposit?<\/a>\r\n <\/div>\r\n
The term deposit is an investment of money in dinar and \/ or currency made by the order of the client (legal or natural person) for an agreed perio.<\/div>\r\n <\/div>\r\n
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\r\n Is the term deposit subject to interest?<\/a>\r\n <\/div>\r\n
The term deposit is subject to interest rates defined by the Bank's conditions in force.
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\r\n How interest are paid?<\/a>\r\n <\/div>\r\n
Interests are payable annually or at maturity. Remuneration of DATs in foreign currency is set by the Bank of Algeria.<\/div>\r\n <\/div>\r\n
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\r\n How can we be reimbursed? Is there a possibility to withdraw the money placed in the form of DAT?<\/a>\r\n <\/div>\r\n
Yes, for the withdrawal of the sum of money blocked in DAT, a request for reimbursement is to be established by the customer, so it can be reimbursed in advance or renewed.<\/div>\r\n <\/div>\r\n
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\r\n What is the subscription term for a term deposit?<\/a>\r\n <\/div>\r\n
The duration of subscription of a DAT in Algerian Dinars cannot be less than three (03) months. As for DATs denominated in foreign currency, they can be subscribed from one (01) month.<\/div>\r\n <\/div>\r\n
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\r\n At what amount, the DAT is authorized?<\/a>\r\n <\/div>\r\n
The amount of a DAT cannot be less than 10,000.00 DZD.<\/div>\r\n <\/div>\r\n
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\r\n What is special about the term deposit account?<\/a>\r\n <\/div>\r\n
Like any other Bank product, the DAT must be attached to a current account which will be used to record subscription, reimbursement and interest payment transactions.
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\r\n How do I subscribe to a term deposit?<\/a>\r\n <\/div>\r\n
The subscription of a DAT gives rise to the signature by the client of a written investment commitment indicating in particular the amount, the duration and the agreed interest rate.<\/div>\r\n <\/div>\r\n
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\r\n Will the customer be able to benefit from a preferential interest rate? If yes, how ?<\/a>\r\n <\/div>\r\n
As a reminder, the DAT is remunerated in accordance with the Bank's conditions in force.
\nWhen the amount of the investment is greater than or equal to fifty (50) million Algerian Dinar, the customer may request the application of a preferential rate, the decision of which is the responsibility of the General Management.
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\r\n Is it possible to renew the DAT before the expiry date? If yes, how?<\/a>\r\n <\/div>\r\n

\nYes, the renewal is carried out at the written request of the customer before the expiry date of the DAT. Otherwise, and at maturity, the Bank is exceptionally authorized to renew the old investment only once and for a maximum period of three (03) months.
\nThe renewal must first be preceded by the reimbursement of the expired DAT. The same treatment must be observed as if it is a new subscription.
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\r\n What are the DAT reimbursement methods?<\/a>\r\n <\/div>\r\n
Reimbursement of a DAT can take place on the due date or in advance at the customer's request.
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\r\n What are the conditions for early redemption?<\/a>\r\n <\/div>\r\n
Early redemption is authorized under the following conditions:
\n1.\tIn case the request occurs within a period of less than three (03) months, the placement does not give rise to any remuneration;
\n2.\tWhen the period is equal to or greater than three (03) months, the remuneration is paid by application of the period run and at the agreed rate of remuneration, reduced by 1%..
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\r\n What are the uses of DAT?<\/a>\r\n <\/div>\r\n
The term deposit can be used as a deed of pledge, guarantee and pledge, established by the Bank and signed jointly with the customer.<\/div>\r\n <\/div>\r\n
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\r\n How should the formalities for registering the deed of pledge?<\/a>\r\n <\/div>\r\n
The formalities for registering the deed of pledge must be completed by the client, who will be able to claim the setting up of his financing against delivery of the duly registered deed. In addition, the stamp, registration and deed of pledge must include the words \"Good for pledge\" as well as the joint signatures of the customer and the Commercial Manager before being sent to the \"Guarantee Management\" Department of the Operational Division.<\/div>\r\n <\/div>\r\n
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\r\n Is the DAT subject to oppositions?<\/a>\r\n <\/div>\r\n
The DAT cannot be subject to any opposition from the client. However, it may be subject to a blocking measure (opposition) initiated by a seizing third party. This is a bank or judicial garnishment or a notice to third party holder.<\/div>\r\n <\/div>\r\n
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\r\n What are the procedures taken by the Bank in the event of an opposition on the DAT?<\/a>\r\n <\/div>\r\n
In the case of an opposition issued on the DAT, the Bank must notify the customer by a letter setting out all the characteristics of the opposition and informing him of the blocking of his DAT..<\/div>\r\n <\/div>\r\n
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\r\n What are the formalities to be followed in case of the subscriber's death?<\/a>\r\n <\/div>\r\n
Only the DATs of natural persons are likely to be the subject of a settlement within the framework of the succession. When the Bank is informed of the death of a subscriber, in support of a death certificate in good and due form, it is necessary to proceed with the drop of the DAT on the current account which will be the subject of a liquidation within the framework of the formalities of succession.<\/div>\r\n <\/div>\r\n <\/div>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\n <\/div>\n <\/div>\n <\/section>\n
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<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t <\/div>\n <\/div>\n <\/div>\n <\/section>\n \t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Term Deposit- DAT What is it ? The term deposit is an investment of money in Dinars and \/ or currency made by the order of the customer (legal or natural person) for an agreed period. Eligibility Any natural or legal person. Associated products Bank account. Interest rate The interest rate for the DAT in dinars is fixed on the basis of the Bank’s tariff conditions; For the DAT in foreign currency, the interest rate is set by the Bank of Algeria. FAQ What is a term deposit? The term deposit is an investment of money in dinar and \/ or currency made by the order of the client (legal or natural person) for an agreed perio. Is the term deposit subject to interest? The term deposit is subject to interest rates defined by the Bank’s conditions in force. How interest are paid? Interests are payable annually or at maturity. Remuneration of DATs in foreign currency is set by the Bank of Algeria. How can we be reimbursed? Is there a possibility to withdraw the money placed in the form of DAT? Yes, for the withdrawal of the sum of money blocked in DAT, a request for reimbursement is to be established by the customer, so it can be reimbursed in advance or renewed. What is the subscription term for a term deposit? The duration of subscription of a DAT in Algerian Dinars cannot be less than three (03) months. As for DATs denominated in foreign currency, they can be subscribed from one (01) month. At what amount, the DAT is authorized? The amount of a DAT cannot be less than 10,000.00 DZD. What is special about the term deposit account? Like any other Bank product, the DAT must be attached to a current account which will be used to record subscription, reimbursement and interest payment transactions. How do I subscribe to a term deposit? The subscription of a DAT gives rise to the signature by the client of a written investment commitment indicating in particular the amount, the duration and the agreed interest rate. Will the customer be able to benefit from a preferential interest rate? If yes, how ? As a reminder, the DAT is remunerated in accordance with the Bank’s conditions in force. When the amount of the investment is greater than or equal to fifty (50) million Algerian Dinar, the customer may request the application of a preferential rate, the decision of which is the responsibility of the General Management. Is it possible to renew the DAT before the expiry date? If yes, how? Yes, the renewal is carried out at the written request of the customer before the expiry date of the DAT. Otherwise, and at maturity, the Bank is exceptionally authorized to renew the old investment only once and for a maximum period of three (03) months. The renewal must first be preceded by the reimbursement of the expired DAT. The same treatment must be observed as if it is a new subscription. What are the DAT reimbursement methods? Reimbursement of a DAT can take place on the due date or in advance at the customer’s request. What are the conditions for early redemption? Early redemption is authorized under the following conditions: 1. In case the request occurs within a period of less than three (03) months, the placement does not give rise to any remuneration; 2. When the period is equal to or greater than three (03) months, the remuneration is paid by application of the period run and at the agreed rate of remuneration, reduced by 1%.. What are the uses of DAT? The term deposit can be used as a deed of pledge, guarantee and pledge, established by the Bank and signed jointly with the customer. How should the formalities for registering the deed of pledge? The formalities for registering the deed of pledge must be completed by the client, who will be able to claim the setting up of his financing against delivery of the duly registered deed. In addition, the stamp, registration and deed of pledge must include the words “Good for pledge” as well as the joint signatures of the customer and the Commercial Manager before being sent to the “Guarantee Management” Department of the Operational Division. Is the DAT subject to oppositions? The DAT cannot be subject to any opposition from the client. However, it may be subject to a blocking measure (opposition) initiated by a seizing third party. This is a bank or judicial garnishment or a notice to third party holder. What are the procedures taken by the Bank in the event of an opposition on the DAT? In the case of an opposition issued on the DAT, the Bank must notify the customer by a letter setting out all the characteristics of the opposition and informing him of the blocking of his DAT.. What are the formalities to be followed in case of the subscriber’s death? Only the DATs of natural persons are likely to be the subject of a settlement within the framework of the succession. When the Bank is informed of the death of a subscriber, in support of a death certificate in good and due form, it is necessary to proceed with the drop of the DAT on the current account which will be the subject of a liquidation within the framework of the formalities of succession.<\/p>\n","protected":false},"author":1,"featured_media":8243,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2502","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.bdl.dz\/en\/wp-json\/wp\/v2\/pages\/2502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bdl.dz\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.bdl.dz\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.bdl.dz\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bdl.dz\/en\/wp-json\/wp\/v2\/comments?post=2502"}],"version-history":[{"count":0,"href":"https:\/\/www.bdl.dz\/en\/wp-json\/wp\/v2\/pages\/2502\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.bdl.dz\/en\/wp-json\/wp\/v2\/media\/8243"}],"wp:attachment":[{"href":"https:\/\/www.bdl.dz\/en\/wp-json\/wp\/v2\/media?parent=2502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}