Askari Islamic Investment Certificates
(Rs)
(Rs)
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Features
- Profit payment frequency is on monthly, maturity, quarterly
- The funds can be fixed for a tenor of 1 month to 5 years
Interest rate varies from 4.01% to 5.07% based on the deposited amount and the term length
- An Islamic fixed deposit account
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Benefits
- Profit is calculated on monthly basis
- Premature encashment facility is available
- Only Rs. 50,000 initial investment is required to get profit
- 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 employmentSelf-Employed / Businessmen:
- Age Limit: 18 - 70 years
- Documents required: CNIC, Proof of Busines -
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 to long term savings
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Target Age Group
18 - 70 years
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Interest Rate / Profit Rate
5.07%
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Interest Calculation Frequency
Monthly
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Profit Payment Frequency
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Currency of Account
PKR
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Free ATM / Debit Card?
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ATM Card Network
Visa / UnionPay / PayPak
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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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