Minimum Initial Deposit Requirement:
The account is opened with an amount of PKR 50,000/- as an Initial Deposit.
Minimum Monthly Balance Requirement:
The minimum monthly balance requirement is PKR 100,000/-Monthly
Account Maintenance Charges:
Flat charges are applied as per the latest SOBC where minimum monthly average balance is less than Rs: 100,000/-
Special Deposit Account Eligible Customers:
- Individual (Singly or Jointly)
- Individual Business
- Sole Proprietorship
- Joint Stock Company (Public/ Private/ Listed/ Unlisted)
- Partnership Firm (Registered/ Unregistered)
- Government Organization (Federal/ Provincial)
- District Government/ Local Government Organization
- Trust/ Club/ Association/ Society/ Political Party/ Charity/ NGO/ NPO
- Public Sector Corporation/ Autonomous Body
- This is a profit bearing and chequing account.
- The profit/ interest rates are subject to change at any time. Therefore, branches are advised to refer to the latest Indicative and Annualized rates on Deposits circular. This product is available in PKR only.
- ADCs services are available.
- The profit is calculated on daily actual deposits basis.
- The profit/ interest rates are subject to change at any time. Therefore, branches are advised to refer to the latest Indicative and Annualized Rates on deposits circular.
- Statement of Account will be issued semi-annually.
- Zakat will be deducted as per the applicable rules.
- Withholding tax is deducted from the profit as per the prevailing rates.