“SCB”
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STANDARD CHARTERED BANK, incorporated in England and Wales with limited liability by Royal Charter 1853 reference number ZC18 and licensed to operate as a commercial bank in the United Arab Emirates (UAE) by the Central Bank of UAE;
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“Account(s)/ Account Balance(s)/ Overall Relationship Balance” | Means Current, Savings, Term Deposit products and total average deposit balance in these Accounts |
“Client” | Means Priority and Premium Clients who hold an active Transacting Account(s) with SCB as of 31st October 2023 |
“Campaign” | The deposit incremental balance campaign which entitles eligible Clients to earn Special profit on their Transacting Accounts during the Campaign period |
“Campaign Period” | The period between 1st November 2023 to 31st January 2024, both days inclusive; |
“Currency” | AED |
“Closing Balance” | means the total of the Average Account Balance(s) as at 31st October 2023 |
“Special Profit” | Means a Profit rate of 4.00% per annum |
“XtraSaver Account” | Means XtraSaver Account and Saadiq XtraSaver Account in AED Currency |