Features

• Open an account with just PKR 500,000
• Profit payout on monthly basis
• Maintain a minimum of PKR 20,000 in your account to avoid service charges (levied as per SoBC)
• Tier based profit rates applicable
• ADCs services are available
• Debit Card will be offered to Sole Proprietors
• Cheque book shall be offered on this account
• Provision of Special rates is available based on customer relationship
• Statement of Account will be issued semi-annually
• Zakat is deducted as per the applicable rules
• Withholding tax is deducted from the profit as per the prevailing rates
• The account is opened with an amount of PKR 500,000/- as an Initial Deposit
• No service charge if monthly balance of Rs 20,000/- is maintained.
• Transaction Charges: Each Customer-initiated debit transaction is levied a charge of PKR 50/- (flat), or as per the prevalent SOBC. This charge is recovered daily and is in addition to normal charges (if any) applicable on the particular service (i.e. Banker’s Cheques) but excluding the system generated debit transactions
• Profit is calculated on the daily closing balance and paid on a monthly basis.

How to Apply

Sole Proprietor to provide:

• Original CNIC along with verified copy
• Request letter
• Copy of NTN certificate

Partnership firms to provide:

• Attested copy of certificate of registration
• Certified copy of partnership/partnership deed
• Letter of partnership
• Copy of NTN certificate
• Verified CNIC copies of partners

Companies to provide:

• Certificate of incorporation
• Memorandum of association
• Articles of association
• Certified copy of Form 29
• Verified CNIC copies of signatories
• Copy of NTN certificate
• Copy of SECP registration

Note: Documents of other segments will be applicable as per bank’s policy. All profits payable is subject to Zakat and Government Levies

Terms and conditions apply