- Financing Facility will be available to the depositor upto 90% as per the rules for advances against deposits.
Requirement to Apply:
- Opening of Current or Saving Bank Deposit account is mandatory for issuance of KFD Term Deposit, thereof, on the basis of deposit account.
- Nature of account is Long Term Deposit.
- Instrument tenor is 5 years.
- Expected rate of profit is different for each Year which will be fixed at the time of booking.
- No limit for maximum deposit
- The product is available in PKR only.
- Profit payment on monthly basis to be credited to linked accounts.
- Free ATM Facility.
- Free SMS Service
- Free online transactions.
- Free Quarterly statement of account upon customer’s request
- Premature encashment is allowed as per Bank policy.
- All type of taxes on profit / withdrawal / zaka are applicable.
- Individuals including Widows and Senior Citizens
- Sole Proprietorship / Partnership / Pvt. Limited Co. / Public Limited Co.
- Government Organization (Federal / Provincial)
- District Government / Local Government Organization
- Trust / Club / Association / Society / Political Party / Charity / NGO / NPO
- Public Sector Corporation / Autonomous Body
- Accountholders of Foreign missions