PLS Savings Account is a simple, straightforward deposit account with great convenience. The account may be opened with any amount as there is no minimum balance requirement.
- No minimum balance is required to qualify for profit
- Calculation of profit on PLS Savings Account is computed for each calendar month on the monthly average balance
- Profit/loss earned/incurred on PLS Savings Accounts is credited on a six monthly basis within a reasonable time from the date of the close of half-yearly/ yearly books of accounts of the Bank. You can avail amazing facilities such as:
- Free Cash Deposit and Withdrawal facilities through your bank branch
- Free Clearing facility to deposit cheques of other banks within the city
- Online Funds Transfer through cheques to any account across Pakistan through your bank branch
- Statement of Account on a six monthly basis
- Zakat is deductible from account, however Zakat exemption forms are accepted
Annualised rates of expected profit for different types of PLS Deposits.
Effective: July 1, 2014
Period: July – December, 2014
- Rate of Return 7.00% p.a.
- Regular Chequing Account
- Profit paid bi-annually