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Exemption of national service employees from the minimum balance

2019-08-19T22:10:04.293Z

The Central Bank issued yesterday a notice to banks operating in the UAE to exempt national service employees from the minimum balance and to cancel fees imposed if the balance falls below the minimum in support of the national service program. Directing


The Central Bank issued a notice yesterday to banks operating in the UAE to exempt national service employees from the minimum balance and to cancel fees imposed if the balance falls below the minimum in support of the national service program.

The Central Bank said in a statement that banks were instructed to ensure that citizens join the national service through a certificate issued by the National and Reserve Service Authority, stating that registration procedures are complete and that there are no valid reasons for exclusion, delay or legal exemption from national service. , Before granting an exemption.

The Governor of the Central Bank, Mubarak Rashed Al-Mansouri, thanked Major General Tayyar Sheikh Ahmed bin Tahnoon Al Nahyan, Chairman of the National and Reserve Service Authority, for his keenness to facilitate the affairs of the members of the National Service. UAE banks and the banking sector to respond and support.

Source: emara

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