| Features |
Details |
| Product Type: |
Profit Earning Account |
| Eligibility: |
Pakistani resident (individual) |
| Security: |
Mortgaged charge on agricultural land through the Zari Pass Book |
| Profit Amount: |
Profit on credit balances will be paid on half yearly basis as declared by the bank on PLS savings accounts |
| Tenor: |
Yearly Basis |
| Markup: |
The mark-up is charged for the actual days the finance is utilized |
| Benefits: |
- A special cheque book is issued to the farmer
- Automatic renewal upon adjustment of the entire principle amount with an annual mark-up
- The account is farmer’s friendly in two ways. If the account is in credit, it earns profit, otherwise it provides instant finance to the farmer for his agricultural needs
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