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)
0
Annual Fee
(Rs)
1,000
Allowed Monthly Transactions
-

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  • 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

    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

    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?