This account is well-suited for customers who require frequent deposit and withdrawal transactions with flexibility to select their profit payout frequency.
Product Features
- Attractive profit payment on monthly, quarterly, semi-annual & annual basis:
| Payout Frequency |
Rate Per Annum |
|
Monthly
|
18.50%
|
|
Quarterly
|
18.55%
|
|
Semi-Annual
|
18.60%
|
|
Annual
|
18.70%
|
- Minimum monthly average balance requirement Rs. 100,000
- Chip-based Debit Card & Cheque Book issuance as per prevailing SOC
- Free services include:
- Bankers Cheque Issuance
- CDR Issuance
- Internet Banking
- SMS on digital transactions
- E-statements
Note
- All bank charges are applicable as per prevailing Schedule of Charges
- Zakat and taxes are applicable as per law
- Terms and Conditions apply
Askari Maximiser Term Deposit has been designed to provide you with lucrative profit on your long term savings.
Product Features
- Tenure : 1, 2, 3 & 5 Years
- Minimum investment : Rs. 100,000
- Roll-over option available
- Attractive profit payments on monthly basis as below:
| Tenure |
Rates Per Annum (Monthly Payment) |
|
1 year
|
18.75%
|
|
2 Years
|
17.00%
|
|
3 Years
|
16.50%
|
|
5 Years
|
14.00%
|
Premature Encashment Penalty
The encashment of Askari Maximiser Term Deposit before maturity will be subject to premature encashment penalty as below:
- Principal amount x 1% per annum on the remaining period of the Term Deposits
(for e.g. deal booked for 5 years matured after 2 years – penalty/charges will be 3% x Principal Amount)
- Minimum penalty/charges is 1% of the principal amount. The penalty amount will be to the extent of profit paid/payable only
Note
- All bank charges are applicable as per prevailing
Schedule of Charges
- Zakat and taxes are applicable as per law
- Terms and Conditions apply
