When am I allowed to break or redeem my savings certificate? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

When am I allowed to break or redeem my savings certificate?

Asked by Banky team 2 months ago
Banky team Reviewed editorial answer

Under the instructions of the Central Bank of Egypt (CBE), the value of the certificate may not be redeemed in full or in part except after a full 6 months have passed (and sometimes the period starts from the business day following the purchase date) from the date of issue.

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