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Askari Mahana Bachat Account:
Askari Mahana Bachat Account is a Term Deposit designed for individual customer with a short to medium term investment appetite. It offers customers the option of investing for 1 or 3 Year tenures and has been designed keeping in view savings needs of customers who want profit on a monthly basis. With competitive rates of return paid monthly on the 1st of every month and the option of getting a financing facility up to 90% the Askari Mahana Bachat Account caters to your saving needs without blocking your funds for a longer duration. Some of the salient features of the account are mentioned below: |
| ASKARI MAHANA BACHAT TERM DEPOSIT |
| Features |
Details |
| Product Type: |
Term Deposit. |
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| Eligibility: |
Pakistani Resident (Individuals Only). |
| Balance Requirement: |
Minimum Rs. 50,000/- & Maximum Up to Rs.10,000,000/- (In multiples of Rs. 25,000/-). |
| Tenure: |
1 & 3 Years. |
| Profit Amount: |
“Earn Rs. 633/- per month on investment of every Rs. 100,000/- for one year!" . |
| “Earn Rs. 708/- per month on investment of every Rs. 100,000/- for three years!” . |
| Profit Payment: |
Monthly - 1st of every month. |
| Expected Rate of Return: |
1 Year Term: 7.6% p.a.
3 Years Term: 8.5% p.a. |
| Servicing: |
Available at all Askari Bank branches. |
| Financing Limits: |
Up to 90% of the principal amount. |
Additional Benefits:
- Issuance of Free ATM/Visa Debit Card for associated checking account which automatically makes the customer eligible for Accidental Death Insurance of Rs.500,000/-) However annual/replacement charges shall be applicable as per SOC.
- Issuance of 2 Free Pay Orders from associated checking account in a month. (excluding FED & Withholding Tax).
- No minimum Balance Requirement for checking account.
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