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Al Baraka Shafqaat Account

An account designed to fulfill the senior citizen routine banking needs with a healthy return​


Minimum Balance Required (Rs)
No Requirement
Minimum Amount Required (Rs)
25,000
Daily Withdrawal Limit
(Rs)
Annual Fee
(Rs)
0
Allowed Monthly Transactions
-

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  • Features

    - Profit payment frequency is on monthly basis

    - Unlimited withdrawals and deposits every month

    - Interest rate varies from 2.75% to 4.25% based on the deposited amount

    - Locker facility is also available

  • Benefits

    - Profit is calculated on daily balance

    - Free Issuance debit card and cheque book upon maintaining a monthly average balance of Rs. 25,000/-

    - Free SMS, phone banking and e-statements

    - Higher the deposit, Higher the returns will be

     

  • Eligibility

    Salaried Person: 
    - Age Limit: 21 - 70 years 
    - Documents required: CNIC,  Proof of employment

    Self-Employed / Businessmen:
    - Age Limit: 21 - 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 & transactions

  • Target Age Group

    55 - 70 years 

  • Interest Rate / Profit Rate

    4.25%

  • Interest Calculation Frequency

    Daily

  • Profit Payment Frequency

    Monthly

  • Currency of Account

    PKR

  • Free ATM / Debit Card?

  • ATM Card Network

    Union Pay

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?