19 June 2017
- Get up to two months' salary with instant 24 x 7 access

- Can be availed against Fixed Deposits

Dubai - Emirates NBD, a leading banking group in the region, today announced the launch of FlexiCash, providing customers with an overdraft credit facility to meet short term needs or sudden requirement of funds in an emergency, and repayable in a flexible manner.

Eligible customers will be able to avail up to two months’ salary as an overdraft linked to their current account and access the funds round the clock through their ATM / Debit card, chequing or through fund transfers from their operating account. In addition, the facility also serves as a cheque bounce protection in the untoward event of funds not being sufficient to cover an instrument, providing a safety net and peace of mind.

Part or full withdrawals of the approved overdraft limit is permitted and customers can choose to pay back the credit with monthly repayments ranging from as low as 20% every month to the full amount, plus interest on the utilized portion. FlexiCash can also be availed by any customer against their Fixed Deposits with the bank at very attractive interest rates starting 4% p.a. Customers can keep track of their usage and utilization through monthly e-statements and SMS notifications, and the overdraft facility is renewed automatically every year.

“FlexiCash is a versatile and convenient solution for all our customers who need access to smaller amounts of funds for a short time to tide over sudden needs that may come up, without having to avail a large long-term loan or use more expensive credit. It is the right solution to help with that extra money you may require to pay for additional school fees in a month, for sudden medical care or to take care of that unplanned cheque that has come up for payment,” said Suvo Sarkar, Senior EVP & Group Head – Retail Banking & Wealth Management at Emirates NBD.

FlexiCash can also be availed by securing it against NRE Fixed Deposit accounts with partner banks in India (HDFC Bank, ICICI Bank, Axis Bank and Yes Bank) giving customers the added benefit of availing credit facilities in the UAE while continuing to enjoy guaranteed returns on their existing deposits in their home country.

To sign up or for more information, customers can call 600 54 000 or visit www.emiratesnbd.com.

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About Emirates NBD:
Emirates NBD is a leading banking Group in the region. As at 31st March 2017, total assets were AED 452 Billion, (equivalent to approx. USD 123 Billion). The Group has a significant retail banking franchise in the UAE and is a key participant in the global digital banking industry, with over 90 per cent of all financial transactions and requests conducted outside of its branches. The bank currently has 222 branches and 1013 ATMs and CDMs in the UAE and overseas and a large social media following, being the only bank in the Middle East ranked among the top 20 in the ‘Power 100 Social Media Rankings’, compiled by The Financial Brand. It is a major player in the UAE corporate and retail banking arena and has strong Islamic Banking, Global Markets & Treasury, Investment Banking, Private Banking, Asset Management and Brokerage operations.

The Group has operations in the UAE, Egypt, the Kingdom of Saudi Arabia, Singapore, the United Kingdom and representative offices in India, China and Indonesia.
The Group is an active participant and supporter of the UAE’s main development and community initiatives, in close alignment with the UAE government’s strategies, including financial literacy and advocacy for inclusion of People with Disabilities under its #TogetherLimitless platform.

For more information, please visit: www.emiratesnbd.com

© Press Release 2017