Profit & Loss Savings Account

PLS Savings Bank Account is a simple, straight forward Savings Bank Account with a great convenience for individuals (in single or joint names) minors (to be operated by the guardian) charitable institutions, provident fund and other funds of benevolent nature local bodies, autonomous corporations, limited companies, firms associations, educational institutions, etc.

The account can be opened with a minimum amount of Rs. 500/- (Rupees five hundred).

The PLS Savings Account entitle Account Holder to avail amazing facilities such as:

• Chequing Account facility with no limit on a number of transactions
  
• 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
  
• Online Cash Deposit, Withdrawal and Funds Transfer through cheques from any of our branch across Pakistan
  
• Remittance facilities such as Payment Orders, Demand Draft, Telegraphic Transfers and Free Rupee Traveler’s Cheque through your bank branch
  
• Standing Orders facilities
  
• Safe Deposit Locker at designated branches
  
• Statement of Account on six monthly basis
  
  • Usage of Electronic Banking through:
    
  • ATMs across Pakistan owned by Soneri Bank and other banks
    
  • Shopping/purchasing/payments through outlets displaying ORIX sign
    
  • Free Online Cash Withdrawal facility upto Rs. 300,000/- from designated branches without Cheque Book
    
  • Free 24-hours Telephone Banking and Call Centre facility
    
  • Free 24/7 Online Funds Transfer to any customer of Soneri Bank through ATMs owned by Soneri Bank
    
  • 24/7 Online Inter Bank Funds Transfer through ATMs owned by Soneri Bank to any account of increasing list of enabled 1 LINK member banks
    
• Free 24/7 Internet Banking to view Statement of Account
  
• No one-time and renewal fee on Soneri Banking Card
  
• All purchases and cash withdrawals made with the Soneri Banking Cards is deducted directly from your bank account
  
• Free Cash Withdrawal on ATMs owned by Soneri Bank
  
• Govt. Withholding Tax apply on all cash withdrawals and profit credited into account
  
• Zakat is deductable from Account however Zakat exemption forms are accepted

SHARING PROFIT/LOSS:

• Minimum balance of Rs. 1,000/- is required to qualify for profit
  
• Provisional rates are announced on a six monthly basis however profit/loss earned/incurred on PLS Savings Bank Accounts are determined by the Bank at its sole discretion on the basis of its net working result at the end of each half-year/ year
  
• Calculation of products on PLS Saving Bank Accounts is computed for each calendar month on the lowest credit balance in an account between the close of business on 6th day and the last day of the month
  
• Profit/loss earned/incurred on PLS Savings Bank Accounts are credited/debited 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

Provisional Rates

ANNUALISED RATES OF EXPECTED PROFIT FOR DIFFERENT TYPES OF PLS DEPOSITS.

Effective: 01.01.2008

Period: JANUARY - JUNE, 2008

PLS SAVINGS ACCOUNTS

• Rate of Return 4.00% p.a.
  
• Rs. 5,000/= minimum balance requirement.
  
• Regular Chequing Account.
  
• Profit paid bi-annually.

        SPECIAL NOTICE DEPOSITS