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Last Modified 21 April 2025

Zood Saving Program

A savings plan that helps you build monthly savings to meet your near-future financial needs. Eligible customers receive invitation messages via SMS, with a simplified subscription process and flexible tracking of their savings journey. Enrollment is done completely online, without the need to visit any bank branch.

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Compatible with Islamic Sharia
The duration of the program is five years
Monthly cash incentive of up to 20% A maximum of 200 Saudi riyals
A cash incentive at the end of the program of up to 3,000 riyals
The program does not require a specific number of monthly savings to remain in the program
Complete flexibility in managing savings
Withdrawals and deposits are allowed without any fees

Monthly incentives are calculated based on the savings contributions made by the customer on a monthly basis

Depositing an additional savings amount for each calendar month is one of the requirements for eligibility for the incentive.
Keeping the deposited savings amount and not withdrawing it is one of the conditions for eligibility for the incentive.
The customer must fulfill the conditions below in order to be eligible to receive the monthly incentive:

The applicant must be Saudi
The client must be a beneficiary of social financing, self-employment financing, or a recipient of a productive families document from the National Platform for Productive Families
The customer does not currently have an active subscription to the Zod Savings Program
The client opens the savings account (ZOD) with the partner bank after the financing request is approved and the account number is confirmed on the Development Bank website after 24 hours.< /li>

1- Incentive eligibility:

The savings account must be active with the partner bank
Incentives are paid (if eligible) for a period of 5 years from the date the customer registers for the product. Even if the client settles the loan early.
The Development Bank has the right to amend the monthly cash incentive by increasing or decreasing as necessary in the interest of product continuity.
Incentive calculation procedures are carried out at the end of each month according to the Gregorian calendar
The minimum and maximum incentives that will be paid based on eligibility will be in accordance with the incentive program at the time of application, and will be specified within the program terms and the terms will be included in the application form provided by Before the client.

2- Monthly incentives:

The product offers a monthly cash incentive under the following conditions:

An incentive of 20 riyals is paid, with a maximum of 200 Saudi riyals, for every 100 riyals that the customer saves in the calendar month
Incentives are not paid on the monthly cash incentives that the bank distributed in previous months
Incentives are not paid on the total amounts to which the bank distributed incentives in previous months

3-Final Motivation:

The product offers a final incentive that is paid at the end of the period once to the subscriber under the following cases:

The participant will receive an incentive amounting to 3,000 riyals if he fulfills these conditions:
1. Keep an amount of no less than (6,000 Saudi riyals) for 60 months in the Zod savings account from the beginning of the subscription
2. Receiving at least (30) incentives from the Social Development Bank
3. Payment of 80% of social financing installments, if any
Or the participant receives an incentive in the amount of 1,000 Saudi riyals if he fulfills all of the above conditions except the first condition related to keeping an amount of 6,000 Saudi riyals for a period of 60 months

The customer must fulfill the conditions below to be eligible to receive the monthly incentive:

2- Keep the deposited savings amount so that the savings account balance on the last day of the month is 100 to 1000 riyals higher than the account balance in the previous month.

3- The savings account balance for the last day of the month must be between 100 and 1000 riyals higher than the total amounts saved and incentives provided for the previous months from the Social Development Bank

*Average monthly balance = (sum of balance at the end of each day during the month ÷ number of days in the month) x (30 ÷ 25)

Application procedures for the Zod savings product linked to social financing:

The client must register his account in the electronic application service for social financing, and he will have the ability to apply for one of the following types of loans (marriage - family - restoration) .
Choose to subscribe to the Zod savings product while submitting the application on the Social Development Bank website .
After initial approval, a Zod savings account can be opened through one of the partner banks within a period not exceeding 15 days.
The customer must ensure that the IBAN number matches the Zod savings account before approving it on the Social Development Bank website.
The customer must verify the status of the Zod savings account and that it is active while transferring the amount of 6,000 riyals. If the account is inactive, the amount of 6,000 riyals will be charged. As part of paying the installments of the financing amount.

EProcedures for applying for the Zod savings product for productive families:

Log in to the account of the National Platform for Productive Families.
Request the product from the available electronic services.
After initial approval, the beneficiary must open a savings account with one of the partner banks within a period not exceeding 15 days.
The customer must ensure that the IBAN number matches the Zod savings account before approving it on the National Platform for Productive Families website

General Notes

Please make sure that the mobile number and email address registered in the account are correct, as customers will be contacted through them.
The customer will be informed of the status of his order via mobile messages and his account on the site.

Application procedures in the Zod savings product linked to the Nafath product to finance self-employment:

The client must register his account in the electronic application service with Nafath product to finance self-employment, (cash financing, car financing)
Choose to subscribe to the Zod savings product while submitting the application on the Social Development Bank website, or after receiving the financing
After initial approval, a Zod savings account can be opened through one of the partner banks within a period not exceeding 5 days.
The customer must ensure that the IBAN number matches the Zod savings account before approving it on the Social Development Bank website.

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Target:

Social Development Bank clients (social financing - productive families)

Beneficiaries:

153,667 thousand beneficiaries

Fees:

Free

Payment Channels

Free

Availability:

24/7

SLA:

2 days

Channels:

Language

Arabic

User's Guide:

To create an electronic account

Zood Saving Program User manual

Service start date

2022 2019

FAQs

Click Here

Customer Service:

Phone
920008002
Email
care@sdb.gov.sa

Internal strategic engagement

The Zod Savings Program is linked to one of the bank’s strategic objectives:
Encouraging savings and raising financial culture.

International strategic engagement

The Zod Savings Program intersects with the twelfth goal of the United Nations Sustainable Development Goals.
It can be viewed here

Product features

Monthly incentive

up to 20%

Duration of the program

Up to 5 years

Savings contributions

On a monthly basis

Withdrawal and deposit fees

nothing

Program legitimacy

Compatible with Islamic Sharia

Customer journey

subscription request while applying for the financing product

Subscription request
During submission
On a product
Finance

open a savings account after approval of the financing request

Open an account
Save later
Approval
the demand

confirm the savings account number after 24 hours

Confirm number
Savings account
after
24 hours

Get started
By the trip
Savings

Marathon Savings
Program

Savings Marathon

It is an annual race directed at Zod Savings Program subscribers, through which the participant’s ability to maintain his saving behavior and create a positive habit in their daily lives is measured. By measuring monthly savings.

Marathon Duration

A full year from 10/31, which is World Savings Day

How to subscribe

All subscribers to the Zod Savings Program.

Nomination mechanism for subscribers

The monthly incentive is eligible at least 10 times during the marathon period, which is one year (12 months) starting in October and ending in October.

Prizes

The prizes are cash 3,000 riyals for 100 winners.

Mechanism for winning prizes

Do you have any questions?

If you have any questions about the Zod Savings Program, please see the questions.

FAQs Contact Us

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