A supported savings program designed for Social Development Bank customers, helping them save monthly amounts to meet their short-term future needs through a simple savings plan.
Applications are submitted online without the need to visit the bank’s branches.
- About The Product
- Conditions
- Requirements
- Compatible with Islamic Sharia
- The duration of the program is five years
- Monthly cash incentive of up to 20% A maximum of 200 Saudi riyals
- A cash incentive at the end of the program of up to 3,000 riyals
- The program does not require a specific number of monthly savings to remain in the program
- Complete flexibility in managing savings
- Withdrawals and deposits are allowed without any fees
Monthly incentives are calculated based on the savings contributions made by the customer on a monthly basis
- Depositing an additional savings amount for each calendar month is one of the requirements for eligibility for the incentive.
- Keeping the deposited savings amount and not withdrawing it is one of the conditions for eligibility for the incentive.
- The customer must fulfill the conditions below in order to be eligible to receive the monthly incentive:
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Target Category
Social Development Bank clients (social financing - productive families)Beneficiaries
153,667 thousand beneficiariesFees
FreePayment Channels
FreeAvailability
24/7SLA
2 working daysService Start Date
2019
2022
Language
ArabicFAQs
Click Here920008007
920008007care@sdb.gov.sa
care@sdb.gov.saProduct features
Monthly incentive
up to 20%
Duration of the program
Up to 5 years
Savings contributions
On a monthly basis
Withdrawal and deposit fees
nothing
Program legitimacy
Compatible with Islamic Sharia
Customer journey
Subscription request<br /> During submission<br /> On a product<br /> Finance
Open an account<br /> Save later<br /> Approval<br /> the demand
Confirm number<br /> Savings account<br /> after<br /> 24 hours
Get started<br /> By the trip<br /> Savings<br /><br />
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