Summit Bank Advantage Account
(Rs)
(Rs)
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Features
- Profit payment frequency is on monthly basis
- The funds can be fixed of Rs. 100k to Rs. 10 million for a tenor of 1 year
- Interest rate varies upto 6% based on the deposited amount
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Benefits
- Financing facility up to 70% of the deposited amount
- Premature encashment facility is available
- Higher the deposit, higher the returns will be
- Free Internet Banking, and account statement facility is available
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Eligibility
Salaried Person:
- Age Limit: 18 - 70 years
- Documents required: CNIC, Proof of employmentSelf-employed/Businessmen:
- Age Limit: 18 - 70 years
- Documents required: CNIC and 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
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Best Suitabe For
Long term savings
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Target Age Group
18 - 70 years
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Interest Rate / Profit Rate
6%
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Interest Calculation Frequency
-
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Profit Payment Frequency
Monthly
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Currency of Account
PKR
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Free ATM / Debit Card?
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ATM Card Network
VISA
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Free Cheque Book?
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Manage with App?
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Branch Banking
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Online Banking?
Other Bank Accounts from Summit Bank
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-
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