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The Roads and Transport Authority (RTA) in Dubai and the Emirates National Bank of Dubai (EmiratesNBD (have agreed on an initiative whereby fines payable by road users to the RTA and fees of seasonal parking cards can be paid through installments. The payment shall be fixed at varying time scale, depending on the amount, through credit cards with zero interest. To this effect, an agreement has been signed recently between the two parties.
Ahmed Al Kaabi, RTA’s Executive Director of Finance said, “The RTA had agreed with the EmiratesNBD on a plan for payment of fines and fees of seasonal parking cards due to the RTA through interest-free installments over periods of 3, 6, 9 or 12 months.
“This initiative is aimed at easing the burden on owners of vehicles in paying for their fines and fees of seasonal parking cards through offering them longer payment period with no interest. The agreement is a further step consolidating the strategic partnership between the RTA and EmiratesNBD.
“It enables bank customers to benefit from this payment plan via Emirates NBD App on mobile phones, and all Points of Sale of the RTA,” added Al Kaabi.
For his part, Ahmed Al Marzouki, Executive Vice president and Executive Vice President. Head of Retail Distribution at EmiratesNBD, said, “We are pleased to be one of the first banks teaming with the RTA in the launch of this unique initiative, which offers our clients a swift, smooth and flexible system for payment of fines and fees of seasonal parking cards.
“This brilliant initiative is driven by the bank’s commitment to its social responsibility, and serving the clients of both the bank and the RTA by offering them excellent and easy payment solutions.
“As a pioneer corporate entity in delivering banking services in the UAE, the EmiratesNBD is always on pursuit of innovative solutions and services that can make a big difference to people in Dubai. This strategic partnership is an important step in the right direction,” continued Al Marzouki.
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