basic_bank_account_inner

Basic Banking Account

Home » Products » Deposits » Basic Banking Account

This deposit product was introduced on advice of SBP to encourage participation, in banking system, of non-affluent segment of our societythat was discouraged by banks on account of service charges levelled on low balance accounts.After prohibition of charging service charges on minimum balance, by SBP, the BBA has been discontinued.

Product Features

  • Minimum initial deposit Rs.1,000
  • No profit will be paid
  • No minimum balance requirement; in case balance in BBA remains nil for a continuous six months period, such accounts will be closed
  • No fee(services charges) for maintaining BBAs
  • Maximum two deposit and two cheque withdrawals are allowed, free of charge, through cash/clearing per month
  • Statement of account will be issued once in a year

General Terms & Conditions

  • *All profit rates are subject to change without giving any notice to the customers
  • Withholding tax and Zakat is applicable as per law/rules

* View latest Expected Rate of Returns/Rack Rates
** See latest schedule of charges

Your call on us, Call our Toll Free Number

0800-00888

For SMS and ATM

Call our Universal Access Number Now

111-110-011

For General Banking