Silk Foreign Currency Account

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Silk Foreign Currency Account

An ideal account for individuals and institutions to invest their foreign currency to get profit

Minimum Balance Required (Rs)

10,000

Minimum Amount Required (Rs)

500

Daily Withdrawal Limit
(Rs)

Annual Fee
(Rs)

1,000

Allowed Monthly Transactions

View Phone Number

Features

- This account can be opened in USD, GBP or EUR currency

- Profit payment frequency is on Six-Month basis

- Account can be open with just 500 USD, GBP or EUR only

- Interest rate varies upto 0.25% based on the deposited amount, term and type of currency
Benefits

- Profit will be calculated on monthly average balance

- No service charges if the balance maintained is low

- Higher the deposit, 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

Do you earn profit or interest on your foreign currency account?

Yes, you can earn a certain profit or interest on your foreign currency deposits as long as it is a foreign currency savings account rather than a current account.

What currencies you can open a foreign currency account with?

A foreign currency bank account can be opened in USD, GBP, and EUR. Certain banks also allow Japanese Yen.

How you can withdraw funds from your foreign curency bank account?

You can withdraw by cheque only.

Is foreign currency account available as Savings or Current account?

Yes, if a foreign currency account is of type savings, you will receive a profit on your balance on regular intervals such as 3 months, 6 months and 12 months.

Other Details

Best Suitabe For

Day to day savings
Target Age Group

21 - 65 years
Interest Rate / Profit Rate

0.25%
Interest Calculation Frequency

Monthly
Profit Payment Frequency

Quarterly
Currency of Account

USD, GBP, EUR

Free ATM / Debit Card?
ATM Card Network

-
Free Cheque Book?
Manage with App?
Branch Banking
Online Banking?

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APR 0%

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Silk Foreign Currency Account

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An ideal account for individuals and institutions to invest their foreign currency to get profit

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PLS Savings Account

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