Saving A/cs
Raast Senior Citizen Account
The relationship between BOK and the Accountholder of Raast Senior Citizen Account shall be based on the Islamic principles of Mudarabah (Profit and Loss sharing), where the Customer is the Rab ul Maal and the Bank is the Mudarib.
- No initial deposit requirement
- No minimum balance requirement
- Profit Calculation is on Monthly average balance
- Profit payment is monthly
- Free issuance of 25 leaves Cheque book (first time only)
- Free statement of account (Quarterly upon customer’s request)
- Free SMS Alerts
- Free Internet & mobile Banking (Access will be provided as per Bank’s policy)
- Higher expected profit rate than normal Saving Accounts PLS (Profit & Loss Sharing Account)
- 50% concession will be allowed over the published Islamic Schedule of Charges on all the bank services rendered to except financing facility
- Customer having valid CNIC/NICOP and aged 60 years & above. Account can be open singly or jointly. However prime account holder will be a Senior Citizen, while secondary account holder can be less than 60 years.