NBP Women Finance Scheme

NBP Aitemaad Islamic Banking has introduced a new specialized deposit product namely ‘Aitemaad Amirah Account’ which is designed exclusively for women.
This product will play a vital role to enhance women’s financial inclusion and to bring a shift towards women friendly business practices by providing complete bouquet of banking services including current/saving account options, competitive profit rates, discounted rates on consumer finance, 24/7 digital banking, Debit Card with over 20,000 Golootlo merchant discounts, locker, cheque book and many more.

Name of the Product	Aitemaad Amirah Current Account	Aitemaad Amirah Saving Account
Underlying Islamic Mode	Qardh	Mudharabah
Acceptable Currency	Pakistani Rupees (PKR)	Pakistani Rupees (PKR)
Minimum / Initial amount for account opening	§ PKR 1,000/-	§ PKR 1,000/-
Customer Type	§ Adult Individual § Sole Proprietorship	§ Adult Individual § Sole Proprietorship
Profit Calculation	Not Applicable	Daily Product
Profit Payment	Not Applicable	Monthly *
Restriction on low account balance	Not Applicable	Not Applicable
Restriction on withdrawals / credit transactions or number of transactions	Not Applicable	Not Applicable
Restrictions on account opening	· Foreign Nationals and Non-Resident Pakistani shall not be able to open account either singly or jointly. · This product is for women exclusively therefore account cannot be opened by men. · Joint account can only be opened with women who are above 18 years of age. · Minor Account shall not be allowed.	· Foreign Nationals and Non-Resident Pakistani shall not be able to open account either singly or jointly. · This product is for women exclusively therefore account cannot be opened by men. · Joint account can only be opened with women who are above 18 years of age. · Minor Account shall not be allowed.
Loss Distribution	Not Applicable	In the event of loss, the account holder and the Bank will bear the same proportionate to their respective investments in a pool provided there is no negligence on the part of the Bank. In case it is proved that losses suffered in Mudharabah pool are due to the Bank’s negligence, total loss shall be borne by the Bank.
Benefits and Eligibility Criteria	Free Benefits (without balance criteria) § SMS Alerts § Digital Banking registration Free Benefits (with balance criteria) If account holder’s daily average balance (monthly average balance) of previous month is equal to or greater than PKR 50,000/- then following free benefits will be offered for the current month. § Cheque Book § Debit Card § Statement of Account § 50% waiver on locker rent – small* () subject to availability* More Exclusive Discounts (subject to credit approval in favor of consumer finance) § 50% waiver of processing fees § 50% waiver on charges of early settlement/ termination. § Exclusive rate of KIBOR + 2% for auto finance. Note: § All Government taxes and levies (where applicable) will be recovered from the account holder as per NBP Aitemaad – Schedule of Charges (SOCs). § The charges / fees / waiver / grid / criteria will be reviewed and updated in NBP Aitemaad - Schedule of Charges (SOCs) from time to time. § In case of account is opened during the month and the account holder wants to avail above free benefits then current/present balance must be equal to or greater than PKR 50,000/-	Free Benefits (without balance criteria) § SMS Alerts § Digital Banking registration Free Benefits (with balance criteria) If account holder’s daily average balance (monthly average balance) of previous month is equal to or greater than PKR 50,000/- then following free benefits will be offered for the current month. § Cheque Book § Debit Card § Statement of Account § 50% waiver on locker rent – small* () subject to availability* More Exclusive Discounts (subject to credit approval in favor of consumer finance) § 50% waiver of processing fees § 50% waiver on charges of early settlement/ termination. § Exclusive rate of KIBOR + 2% for auto finance. Note: § All Government taxes and levies (where applicable) will be recovered from the account holder as per NBP Aitemaad – Schedule of Charges (SOCs). § The charges / fees / waiver / grid / criteria will be reviewed and updated in NBP Aitemaad - Schedule of Charges (SOCs) from time to time. § In case of account is opened during the month and the account holder wants to avail above free benefits then current/present balance must be equal to or greater than PKR 50,000/-

* Please click the here for declared rates, weightages and profit-sharing ratio of deposit products.