Zood Saving Program - FAQs
They are clients who benefit from social financing or financing for productive families, or who have a certificate of productive families from the National Platform for Productive Families and do not participate in any other savings program of the Social Development Bank.
After requesting the subscription, the customer opens the savings account required when requesting to participate in the Zod program through one of the partner banks indicated according to the customer’s choice during the subscription request.
The customer opens an account in one of the partner banks after receiving an SMS message on the customer's registered number stating that the financing request has been approved and asking him to open a savings account.
You can only register through the electronic portal of the Social Development Bank for social financing clients and the National Platform for Productive Families for productive family clients.
There will be a savings account (Zod) in the partner bank
Incentives are deposited within the first five business days from the beginning of each calendar month
You can deposit cash savings into the savings account through partner bank branches or transfer between your accounts if you have an account in the partner bank, bank transfer or via any online transfer to your bank account. Partner, the savings account is treated like any regular account and has an account number and IBAN.
Directing the customer to wait for 24 hours, then directing him to enter after the period has elapsed
You must contact customer service at the Social Development Bank or file a report through the bank’s portal
You can withdraw early and at any time
Minimum 20 Saudi riyals if you save 100 riyals, and the maximum limit is 200 riyals if you save 1000 riyals
The Social Development Bank bears the payment of its own incentives
The social financing amount will be deposited on the current account, and the savings amount of 6,000 riyals will be deposited on the savings account.
No, it is treated like any current or savings account according to the organization of the Monetary Agency
