Eligibility :
Individuals, Business People, Business Entities (Sole Proprietors, Companies
(Public, Private, Listed, Non listed), Partnership Firms (Registered/ Un-Registered),
Govt. Departments, Local Bodies and Corporations, Trusts, Clubs, Associations, Societies, NGOs,
Public Sector Corporations/ Autonomous Bodies
Salient Features
Chequing account.
Can be opened singly in one name or jointly in two or more names.
Initial/ Minimum deposit requirement is Rs. 1000/-
No withdrawal Limit.
No Zakat deduction.
Free Cheque Book and other Services as per applicable schedule of charges for account holders having
average balance of Rs. 25,000/- and above.
Free of Charge Locker facility for account holders having average balance of Rs. 50,000/- and above.
PLS Savings Account
Eligibility:
Individuals, singly or jointly can open their savings accounts. Business/Government entities can open savings accounts for placing funds of provident and benevolent nature.
Features
Profit earning chequing account
Initial deposit/ minimum balance requirement of Rs. 500/-.
Accounts can be opened singly in one name or jointly in two or more names.
Free Cheque Book and other Services as per applicable schedule of charges for account holders having
average balance of Rs. 100,000/- and above.
No Limit on withdrawals.
Half yearly profit payment.
Zakat applicable as per law.
Special Deposit Account
Eligibility:
Individuals, Business People, Business Entities (Sole Proprietors, Companies (Public, Private, Listed, Non-listed), Partnership Firms (Registered/ Un-Registered), Govt. Departments, Local Bodies and Corporations, Trusts, Clubs, Associations, Societies, NGOs, Public Sector Corporations/ Autonomous Bodies
Features
Suitable for business
Profit payment on half yearly basis on daily product basis.
Profit accrues on daily product basis
No restriction on withdrawals
Daily Balance of Rs. 50,000/- required for profit eligibility.
Free services as per applicable schedule of charges for all the customers having average balance of Rs.100,000/- or above.
Bemisal Mahana Bachat Account (BMBA)
Eligibility:
Individuals, Business People, Business Entities (Sole Proprietors, Companies (Public, Private, Listed, Non-listed), Partnership Firms (Registered/ Un-Registered), Govt. Departments, Local Bodies and Corporations, Trusts, Clubs, Associations, Societies, NGOs, Public Sector Corporations/ Autonomous Bodies
Features
Minimum Deposit Limit for profit is Rs. 25,000/-, however, the account can be opened with Rs. 1,000/-
Maximum Two withdrawals allowed between 6th and last day of month for profit qualification.
No restriction on number of withdrawals before 6th of the month.
Profit payment on monthly basis.
Free locker facility for customers having average balance of Rs. 50,000/-.
Up to 95% quick financing facility available on low markup.
Premium Plus Remittance Saving Account (PPRSA)
Eligibility :
Any individual customer who sends/receives the foreign remittances through Money Gram, IME (International Money Exchange), IC (Instant Cash), Western Union, Ria can open single/joint account under this scheme.
Remittances received under the above channels with documentary proof would be eligible for opening the account under the product.
Print out of Remittances extracted at the time of payment will be kept with the Credit Voucher as evidence of Home Remittances.
NO OTHER DEPOSIT will be accepted in the account except the remittance amount received through the aforementioned modes of Home Remittances.
Salient Features
Extra profit @1% over and above the prevailing saving profit rate will be paid on Premium Plus Remittance Saving Account.
Deposits received under the above sources of remittance will only be eligible for extra profit.
Profit will be paid on monthly basis resulting in enhanced annualized rate as well.
Cheque book will be provided free of charge to all accounts opened under the product.
Minimum Deposit required for retention under this scheme will be Rs. 1,000/
Zakat & Withholding Tax to be recovered as per rules.
