In accordance with The Royal Decree No. (5597 /A) dated 2/7/1432. Clearance account was opened at Al-Rajhi Bank to be managed and supervised by the Social Development Bank. This account was established for those wishing to discharge their debts towards public funds or as a matter of (Such as land or real estate transferred by the name of the Social Development Bank).
Account Number
SA2680000126608010510005- Alrajhi
Deposit
The total amount deposited in the account from the date of opening the account in 20/02/2006 until the end of 31/01/2018: (363,545,745) riyals.
Total deposits: 57,345 transactions.
Deposit in this account is treated with the utmost confidentiality.
Target Audience
Many people may wrongly believe that this bank account has been created for those who embezzled from the public money. This is a misconception of this account. The section that follows clarifies the audience targeted by this account, and who are supposed to deposit in this bank account. This account targets the following categories:
- Government employees who failed to commit to the official working hours be it in their daily jobs, or while they were on secondment or working extra hours, or other similar situations.
- Any person who wants to discharge himself /herself from any public money he / she has unjustly misappropriated
- Any person who wants donate or endow money
- Any person who wants to offer in kind endowments whose revenues go to the discharge account
Purpose of the account
fIt is a bank account in which any person who wants to discharge himself / herself, or to donate or endow can deposit money.
Beneficiaries
The entire amounts of money deposited in this bank account shall be spent on the Social Loans Program that is dedicated for low income family
More Information
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Result: 5 (From 2 Ratings)