PLS Savings Account
PLS Savings Account is a simple deposit account with great convenience. The account may be opened with any amount and there is no minimum balance requirement either
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- Profit and loss sharing
- No minimum balance is required
- Calculation of profit on PLS Savings Account is computed each month on the monthly average balance
- Profit/loss on PLS Savings Account is credited on a six monthly basis
- Free cash deposit and withdrawal facility
- Free clearing facility to deposit cheques of other banks within the city
- Online funds transfer through cheques to any account across Pakistan
- Statement of account on a six monthly basis
- Zakat is deducted where applicable.
Annualized rates of expected profit for different types of PLS deposits.
Effective: 1st June 2016
Period: 1st June – 31st December, 2016
- Rate of Return 3.75% p.a.
- Regular checking account
- Profit paid bi-annually