Faysal Izafa Premium Account

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Faysal Izafa Premium Account

An account for individual customers who wants to save money for short, medium and long term to get high profit rates

Minimum Balance Required (Rs)

100,000

Minimum Amount Required (Rs)

100,000

Daily Withdrawal Limit
(Rs)

Annual Fee
(Rs)

1,000

Allowed Monthly Transactions

View Phone Number

Features

- Profit payment frequency is on monthly and annual basis

- The funds can be fixed for a tenor ranging from 1 months to 3 years

- Interest rate varies from 11.75% to 12% based on the deposited amount and the term length
Benefits

- You can choose Profit payment as monthly or annually

- Option of withdrawal funds prior to maturity

- Higher the tenure, higher the returns will be

- Free E-statements and Internet Banking

Eligibility

Salaried Person:
- Age Limit: 21 - 60 years
- Documents required: CNIC, Proof of employment, Copy of utility bill

Self-Employed / Businessmen:
- Age Limit: 21 - 65 years
- Documents required: CNIC, Proof of Business
FAQ

What can invest in a fixed or term deposit bank account?

Anyone who is a Pakistani resident individual, private and public limited companies, can use a term/fixed deposits account.

What term lengths are available for these accounts?

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.

Does a depositor get the profit on monthly basis?

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.

Can I withdraw my funds anytime?

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

Long term savings
Target Age Group

21 - 65 years
Interest Rate / Profit Rate

12%
Interest Calculation Frequency

-
Profit Payment Frequency

Monthly
Currency of Account

PKR

Free ATM / Debit Card?
ATM Card Network

VISA / MasterCard / PayPak / UnionPay
Free Cheque Book?
Manage with App?
Branch Banking
Online Banking?

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