Al Baraka Mahana Amdani Term Deposit Account
(Rs)
(Rs)
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Features
- Profit payment frequency is on monthly basis
- The funds can be fixed for a tenor of 1 year & 3 years
- Interest rate varies from 11.00% to 13.00% based on the deposited amount and the term length
- No limit for maximum deposit in this account
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Benefits
- Only Rs. 100,000 initial investment is required to get profit
- Option of withdrawal funds prior to maturity
- Available in Pakistani currency only
- Higher the deposit, higher the returns will be
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Eligibility
Salaried Person:
- Age Limit: 18 - 70 years
- Documents required: CNIC, Proof of employment, Copy of utility billSelf-employed/Businessmen:
- Age Limit: 18 - 70 years
- Documents required: CNIC, Proof of business -
FAQ
Anyone who is a Pakistani resident individual, private and public limited companies, can use a term/fixed deposits account.You can use a fixed deposit account from 1 month up to 10 years of length. The profit rate will also be better if you deposit it for longer time periods.Yes, you can ask the bank to pay the profit on a monthly basis however the rate of interest or profit rate will only be charged or calculated on annual basis.Yes, you can withdraw your funds from your fixed term bank account however some banks may charge a penalty or a fee for early withdrawals than a fixed maturity date.
Other Details
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Best Suitabe For
Short and Long term savings
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Target Age Group
55 - 70+ years
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Interest Rate / Profit Rate
13%
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Interest Calculation Frequency
Annual
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Profit Payment Frequency
Monthly
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Currency of Account
PKR
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Free ATM / Debit Card?
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ATM Card Network
Union Pay / MasterCard
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Free Cheque Book?
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Manage with App?
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Branch Banking
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Online Banking?
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