Yes, a savings account just like any other bank account allows you to conduct banking transactions. You also get access to ATM card, cheque book and online banking facility along with a savings account.
No, there is no limit and you can withdraw your funds from your account any time. The profit is always paid on the amount that was present in your account during a certain period.
Other Details
Best Suitabe For
Day to day savings
Target Age Group
18 - 70 years
Interest Rate / Profit Rate
9%
Interest Calculation Frequency
Daily
Profit Payment Frequency
Monthly
Currency of Account
PKR
Free ATM / Debit Card?
ATM Card Network
MasterCard / UnionPay
Free Cheque Book?
Manage with App?
Branch Banking
Online Banking?
Other Bank Accounts from Al Baraka Bank
Al Baraka Khazana Account
Profit Rate
9.5%
Open Account with
Rs.
100
Avail high rate of return on your deposit with this Islamic account