UBL First Minor Savings Account
(Rs)
(Rs)
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Features
- Profit payment frequency is on Monthly basis
- Specially designed for kids under 18 years of age
- Interest rate varies upto 20.50% based on the deposited amount
- No penalty on minimum monthly balance
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Benefits
- Profit is calculated on monthly basis
- This account can be open with just Rs. 100/- only
- Get welcome pack on account opening
- Get account anniversary and birthday surprises every year
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Eligibility
Individual:
- Age Limit: Under 18 years- Father, mother or a court-appointed guardian papers
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FAQ
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.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.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.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
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Best Suitabe For
Day to day savings
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Target Age Group
Under 18 years
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Interest Rate / Profit Rate
20.5%
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Interest Calculation Frequency
Monthly
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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 / Mastercard
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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?
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