National Bonds encourages regular savings through standing orders with banks

A Standing Instruction Order is an agreement between a bank and customer where a fixed amount of money is transferred at regular intervals to another account. The National Bonds Standing Instruction Order will allow banks to automatically use this amount to purchase bonds on behalf of the customer, thereby eliminating the need to repeat the transaction process every month. More importantly, it converts their money into savings on a regular basis to help them work towards their own personal saving goals.

The Standing Instruction Order can be arranged at all banks in the UAE, with the service being offered free of charge at Abu Dhabi Commercial Bank, Dubai Islamic Bank, Sharjah Islamic Bank, Al Hilal Bank, Abu Dhabi Islamic Bank and Emirates Islamic Bank.

"A recent survey conducted by National Bonds revealed that most people want to save regularly. We have introduced the Standing Instruction Order to simplify the process of saving and help more people take control of their finances by inculcating a savings habit through secure and rewarding saving plans. Our new Standing Instruction Order service is a brainchild of our continuous dialogue with our bondholders to relief any hassle from saving regularly,"

said Mohammad Qasim Al Ali, CEO, National Bonds Corporation PJSC.

National Bonds is also the only saving scheme in which bondholders from the age of 12 months to 70 years are now automatically entitled to Life Takaful coverage up to a maximum value of Dhs125,000 at no extra charge.

National Bonds certificates are available for purchase in nearly 560 outlets nationwide including Emirates Post offices, exchange houses and banks.