Askari Khas Islamic Deposit Account

Suitable account for those who needs short term investment opportunity with high returns


Minimum Balance Required (Rs)
50,000,000
Minimum Amount Required (Rs)
50,000,000
Daily Withdrawal Limit
(Rs)
Annual Fee
(Rs)
0
Allowed Monthly Transactions
-

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  • Features

    - Profit payment frequency is on monthly, quarterly, maturity

    - The funds can be fixed for a tenor of 1, 3 and 6 months

     Interest rate varies upto 4.98% to 5.16% based on the deposited amount and the term length

    - An Islamic fixed deposit account

  • Benefits

    - Profit is calculated on monthly basis

    - Premature encashment facility is available

    - Higher the deposit, Higher the returns will be

    - Minimum balance Rs. 50 Million is required to get profit

    - Offering you Halal returns on your deposit through Shariah ways

  • Eligibility

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

    Self-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

  • Best Suitabe For

    Shot term savings

  • Target Age Group

    18 - 70 years 

  • Interest Rate / Profit Rate

    5.16%

  • Interest Calculation Frequency

    Monthly

  • Profit Payment Frequency

    Monthly

  • Currency of Account

    PKR

  • Free ATM / Debit Card?

  • ATM Card Network

    Visa / UnionPay / PayPak

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?