Corporates, Individuals, Trusts, Offshore funds, Offshore Companies can open call deposit accounts. Formalities are very simple.
There is no requirement of minimum balance but to earn interest, minimum balance of USD 2,000 or its equivalent in other currencies is required. Interest is calculated on daily product basis and credited to the account quarterly.
Accounts can be opened in major currencies such as USD,GBP and EURO. Accounts can be operated by instructions over fax, subject to submission of a suitable indemnity.
Funds in these accounts are available to the account holder any time without any notice.