PLS Saving

Introduction

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.

Features

Sharing Profit/Loss:

  • 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

Profit Rates

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