PLS Savings Account

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An account that provides your higher rate of returns on your savings

Minimum Balance Required (Rs)

No Requirement

Minimum Amount Required (Rs)

1,000

Daily Withdrawal Limit
(Rs)

Annual Fee
(Rs)

Allowed Monthly Transactions

View Phone Number

Features

- Profit payment frequency is on six-month basis

- Enjoy unlimited withdrawals and deposits every month

- Interest rate depends on the deposited amount and the term length

- It can be operated by individuals or companies
Benefits

- Profit is calculated on minimum monthly balance

- Higher the deposit, Higher the returns will be

- No hassles to maintain a minimum monthly balance

- 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 is a savings account?

A savings account offers the easiest way to keep some of your money aside and earning interest or profit on that amount on regular basis.

Does a savings account offer all usual banking facilities?

Yes, a savings account just like any other bank account allows you to conduct banking transactions. You also get access to ATM card, cheque book and online banking facility along with a savings account.

Is the profit earned through savings account taxable?

Yes, normally the profit earned through a savings account is taxed at the source and deducted by the Bank before paying the remaining amount to you.

Do you have any limitation towrds withdrawls of your funds?

No, there is no limit and you can withdraw your funds from your account any time. The profit is always paid on the amount that was present in your account during a certain period.

Other Details

Best Suitabe For

Day to day savings
Target Age Group

21 - 60 years
Interest Rate / Profit Rate

5.5%
Interest Calculation Frequency

Monthly
Profit Payment Frequency

-
Currency of Account

PKR

Free ATM / Debit Card?
ATM Card Network

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

Other Bank Accounts from Silk Bank

Online Express Account

APR 0%

Open Account with Rs. 1,000

An account that offers you multiple FREE benefits with no minimum balance requirement

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Silk Foreign Currency Account

APR 0.25%

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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

APR 5.5%

Open Account with Rs. 1,000

An account that provides your higher rate of returns on your savings

See Details

Term Deposit Account

APR 6.25%

Open Account with Rs. 100,000

Enjoy flexible terms and high returns on your deposit

See Details

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