Al Baraka Savings Account

Secure your income with maximum security and growth with this Islamic account


Minimum Balance Required (Rs)
No Requirement
Minimum Amount Required (Rs)
100
Daily Withdrawal Limit
(Rs)
Annual Fee
(Rs)
0
Allowed Monthly Transactions
-

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  • Features

    - Profit payment frequency is on monthly basis

    - Enjoy unlimited withdrawals and deposits every month 

    - Interest rate varies up to 2.75% to based on the deposited amount

    - An Islamic saving account

  • Benefits

    - Profit is calculated on monthly average balance 

    - Enjoy unlimited funds transfer & withdrawals through ATM

    - No minimum balance requirement for operating an account

    - SMS alerts, Pay order, Mobile & Internet banking facilities 

  • Eligibility

    Salaried Person:
    - Age Limit: 18 - 70 years 
    - Documents required: CNIC, Proof of employment, Copy of utility bill

    Self-employed/Businessmen:
    - Age Limit: 18 - 70 years 
    - Documents required: CNIC, Proof of business

  • FAQ

    A savings account offers the easiest way to keep some of your money aside and earning interest or profit on that amount on regular basis.
    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.
    Yes, normally the profit earned through a savings account is taxed at the source and deducted by the Bank before paying the remaining amount to you.
    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

    2.75%

  • Interest Calculation Frequency

    Monthly

  • 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?