Money, Finance and Banking Blog in Pakistan
Posts tagged Saving Account
Meezan Bank Launches Hajj and Umrah Facilitating Account
Jun 22nd
Meezan Bank Limited has announced the launch of new product “Meezan Labbaik” to facilitate customers for performing Hajj and Umrah and Ziyarat of holy places of Makkah and Madinah with comfort and peace of mind. This product will be available through its network of 166 branches in 40 cities across Pakistan under the name ‘Meezan Labbaik’ – a completely Halal and Riba-free product.
On opening a ‘Meezan Labbaik’ account, Meezan Bank will facilitate the customers for all matters related to the Holy act of performing Hajj or Umrah and will provide one-stop facilities including Visa processing, ticketing through a designated travel More >
NTN Condition to Open Bank Account Impracticable
Jun 18th
The federal government’s decision of linking the opening of a new bank account with the provision of National Tax Number (NTN) has been termed as infeasible and impracticable by the banking and private sector experts.
In the new budget for 2009-10, the federal government has made mandatory the provision of NTN for opening a new bank account. Sources said that how the students, house-wives, labourers, farmers and other common people, who want to open new bank accounts, would be able to provide National Tax Number to the banks.
Hundreds of thousands of small farmers, students, labourers, retailers and house-wives, etc., neither pay More >
Quick Look on Dawood Islamic Munafa Smart Deposit Account
Jun 18th
Dawood Islamic Bank Limited (DIBL) has offered Munafa Smart Deposit Account. This account requires a minimum deposit of Rs25,000. The bank has informed that it delivered monthly profit at the rate of 14.60% per annum for 5 years and 13.83% for 1 year tenures.
Being an Islamic bank, Dawood Islamic Bank Limited has banked its campaign on providing ‘halal’ profit. Customers are told that not only the Munafa Smart Deposit Account allows them to gain ‘halal’ profit from their savings every month, it also provide them opportunity to remain true to their faith.
Quick Look on AL Habib Salana Munafa Account
Jun 9th
AL Habib Salana Munafa Account is a deposit account from Bank AL Habib Limited. This account can be opened with a minimum of Rs25,000. Expected profit rate is 12% per annum. Though expected profit rate is healthy, it is to be paid annually i.e. after 12 months.
If deposit is withdrawn before one year, profit will be paid at the rate applicable for Saving Account for the period deposit held. Currently indicative profit rate for PLS Savings Account is 5.00% per annum. If customer does not want to withdraw cash from his deposit and take a hit on his deposit rate, More >
Quick Look on HBL Value Account
Jun 5th
Habib Bank Limited (HBL) these days is frequently advertising HBL Value Account on television channels. This Saving Account product variant is targeted at small money savers.
In the television advertisement, a female nurse is seen telling about her finances and banking needs. She tells that she was guided about this product by her seniors. Depicting a real life person from the target market social economic strata, instead of a model, will be helping in creating a bond and trust with them.
Expected rate of profit being communicated is 7.19% per annum – which is subject to Zakat and government taxes and duties. More >
