AITEMAAD CURRENT ACCOUNT-PKR (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Qardh |
| Type of Product |
Current (Regular Non-Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum / initial amount for opening an account |
PKR 100/- |
| However, no initial deposit would be required for Mustahkeen of Zakat, Students, Employees of Government or Semi Government institutions for salary and pension purposes (including widows / children of deceased employees eligible for family pension / benevolent fund grant, etc.) |
| Customer Type |
Adult Individual
Sole Proprietorship
Minor
Partnership Limited Company / Corporation
NGO / NPO / Charity
Agent
Executor and Administrator
Trust / Club / Society / Association
Government Office Account (all types) |
| Profit Payment |
Not Applicable |
| Loss Distribution |
Not Applicable |
| Restriction on withdrawals / credit transactions |
No |
| Restriction on low |
No |
| account balance |
| Overdraft allowed |
No |
| Schedule of Charges |
Following facilities are available for this account:
Cheque Book,
Debit Card,
Pay Order,
Demand Draft,
SMS Alerts,
Statement of Account,
Lockers,
Online Banking (across the NBP network),
Digital Banking, etc.
Presently, this product is NOT eligible for Free Benefits. However, product related charges / fees / waiver / grid / criteria will be updated in NBP Aitemaad - Schedule of Charges (SOCs) from time to time.
Note: All Government taxes and levies (where applicable) will be recovered from the account holder as per NBP Aitemaad – Schedule of Charges (SOCs). |
AITEMAAD CURRENT ACCOUNT-FCY(BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Qardh |
| Type of Product |
Current (Non-Remunerative Account) |
| Currency |
United State Dollar (USD)
Great Britain Sterling Pound (GBP)
European Currency (EURO) |
| Minimum / initial amount for opening an account |
USD 100/-
GBP 100/-
EURO 100/- |
| Customer Type |
Adult Individual
Sole Proprietorship
Minor
Partnership Limited Company / Corporation
NGO / NPO / Charity
Agent
Executor and Administrator
Trust / Club / Society / Association
Government Office Account (all types) |
| Profit Payment |
Not Applicable |
| Loss Distribution |
Not Applicable |
| Restriction on withdrawals / credit transactions |
No |
| Restriction on low |
No |
| account balance |
| Overdraft allowed |
No |
| Schedule of Charges |
Following facilities are available for this account:
Cheque Book,
Pay Order,
Demand Draft,
Statement of Account, etc.
Presently, this product is NOT eligible for Free Benefits. However, product related charges / fees / waiver / grid / criteria will be updated in NBP Aitemaad - Schedule of Charges (SOCs) from time to time.
Note: All Government taxes and levies (where applicable) will be recovered from the account holder as per NBP Aitemaad – Schedule of Charges (SOCs). |
| AITEMAAD SAVING ACCOUNT (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Mudharabah (Un-restricted) |
| Type of Product |
Saving (Regular Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum / initial amount for opening an account |
PKR 100/- |
| |
| However, no initial deposit would be required for Mustahkeen of Zakat, Students, Employees of Government or Semi Government institutions for salary and pension purposes (including widows / children of deceased employees eligible for family pension / benevolent fund grant, etc.) |
| Customer Type |
Adult Individual
Sole Proprietorship
Minor
Partnership
Limited Company / Corporation
NGO / NPO / Charity
Agent
Executor and Administrator
Trust / Club / Society / Association
Government Office Account (all types) |
| Profit Calculation |
Daily Product |
| Profit Payment |
Monthly |
| Loss Distribution |
In the event of loss, the ASA account holder and the Bank will bear the same proportionate to their respective investments 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. |
| Restriction on withdrawals / credit transactions |
No |
| Restriction on low |
No |
| account balance |
| Overdraft allowed |
No |
| Schedule of Charges |
Following facilities are available for this account:
Cheque Book,
Debit Card,
Pay Order,
Demand Draft,
SMS Alerts,
Statement of Account,
Lockers,
Online Banking (across the NBP network),
Digital Banking, etc.
Presently, this product is NOT eligible for Free Benefits. However, product related charges / fees / waiver / grid / criteria will be updated in NBP Aitemaad - Schedule of Charges (SOCs) from time to time.
Note: All Government taxes and levies (where applicable) will be recovered from the account holder as per NBP Aitemaad – Schedule of Charges (SOCs). |
| AITEMAAD TERM DEPOSIT CERTIFICATE (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Mudharabah (Un-restricted) |
| Type of Product |
Term (Remunerative Certificate) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum amount |
PKR 10,000/- |
| for Issuance of Certificate |
| Customer Type |
Adult Individual
Sole Proprietorship
Minor
Partnership
Limited Company / Corporation
NGO / NPO / Charity
Agent
Executor and Administrator
Trust / Club / Society / Association
Government Office Account (all types) |
| Tenure |
1 Month, 2 Months, 3 Months, 6 Months, 1 Year to 5 Years |
| Instruction |
No Renewal
Renewal with principal only |
| Profit Calculation |
Daily Product |
| Profit Payment Option |
Monthly and Maturity |
| Premature Encashment Option |
Withdrawal is possible as per banks’ approved premature encashment schedule |
| Loss Distribution |
In the event of loss, the ATDC holder and the Bank will bear the same proportionate to their respective investments 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. |
| AITEMAAD BASIC BANKING ACCOUNT (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Qardh |
| Type of Product |
Current (Non-Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum / initial amount for opening an account |
PKR 1,000/- |
| Customer Type |
Adult Individual
Minor |
| Profit Payment |
Not Applicable |
| Loss Distribution |
Not Applicable |
| Restriction on withdrawals / credit transactions |
Maximum two (02) deposit transactions and two (02) withdrawal transactions are allowed (in total four transactions) in a month through cash / clearing except for ATM withdrawals and system generated debit transactions. |
| Restriction on low |
No |
| account balance |
| Schedule of Charges |
Following facilities are available for this account: |
| |
| Cheque Book, |
| Debit Card |
| Pay Order, |
| Demand Draft, |
| SMS Alerts, |
| Statement of Account, |
| Lockers, |
| Online Banking (across the NBP network), |
| Digital Banking, etc. |
| |
| Presently, this product is eligible for Free Statement of Account as all-time Benefits. However, product related charges / fees / waiver / grid / criteria will be updated in NBP Aitemaad - Schedule of Charges (SOCs) from time to time. |
| |
| Note: All Government taxes and levies (where applicable) will be recovered from the account holder as per NBP Aitemaad – Schedule of Charges (SOCs). |
| AITEMAAD ASAAN CURRENT ACCOUNT (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Qardh |
| Type of Product |
Current (Non-Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum / initial amount for opening an account |
PKR 100/- |
| Customer Type |
Adult Individual |
| Minor |
| Includes Skilled / unskilled workforce, Less educated / uneducated people, laborers / daily wagers, women / housewives, self-employed individuals, pensioners, young adult population, etc. |
| Profit Payment |
Not Applicable |
| Loss Distribution |
Not Applicable |
| Restriction on withdrawals / credit transactions |
Total Debit per month PKR 500,000/- |
| Total Credit Balance Limit PKR 500,000/- |
| Restriction on low |
No |
| account balance |
| Overdraft allowed |
No |
| Schedule of Charges |
Following facilities are available for this account:
Cheque Book,
Debit Card Pay Order,
Demand Draft,
SMS Alerts,
Statement of Account,
Lockers,
Online Banking (across the NBP network),
Digital Banking, etc. |
All Time Free Benefits
Cheque Book (issuance)
Debit Card (issuance & annual fee) |
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. |
| AITEMAAD ASAAN SAVING ACCOUNT (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Mudharabah (Un-restricted) |
| Type of Product |
Saving (Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum / initial amount for opening an account |
PKR 100/- |
| Customer Type |
Adult Individual
Minor |
| Includes Skilled / unskilled workforce, Less educated / uneducated people, laborers / daily wagers, women / housewives, self-employed individuals, pensioners, young adult population, etc. |
| Profit Calculation |
Daily Product |
| Profit Payment |
Monthly |
| Loss Distribution |
In the event of loss, the AASA account holder and the Bank will bear the same proportionate to their respective investments 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. |
| Restriction on withdrawals / credit transactions |
Total Debit per month PKR 500,000/- |
| Total Credit Balance Limit PKR 500,000/ (except AASA related profit payment and taxes / charges). |
| Restriction on low |
No |
| account balance |
| Overdraft allowed |
No |
| Schedule of Charges |
Following facilities are available for this account:
Cheque Book,
Debit Card,
Pay Order,
Demand Draft,
SMS Alerts,
Statement of Account,
Lockers,
Online Banking (across the NBP network),
Digital Banking, etc. |
All Time Free Benefits
Cheque Book (issuance)
Debit Card (issuance & annual fee) |
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. |
| AITEMAAD MAHANA BACHAT ACCOUNT (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Mudharabah (Un-restricted) |
| Type of Product |
Saving (Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum / initial amount for opening an account |
For Type – I (Adult Individual & Minor) |
PKR 1,000/- |
| For Type – II (Sole Proprietorship), |
PKR 2,500/- |
| For Type – III (Partnership / Limited Company / Corporation / NGO / NPO / Charity / Agent / Executor and Administrator / Trust / Club / Society / Association / Government Office Account |
PKR 5,000/- |
| Customer Type |
Adult Individual
Minor
Sole Proprietorship
Partnership
Limited Company / Corporation
NGO / NPO / Charity
Agent
Executor and Administrator
Trust / Club / Society / Association
Government Office Account (all types) |
| Profit Calculation |
Daily Product |
| Profit Payment |
Monthly |
| Loss Distribution |
In the event of loss, the AMBA account holder and the Bank will bear the same proportionate to their respective investments 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. |
| Restriction on withdrawals / credit transactions |
No |
| Restriction on low |
No |
| account balance |
| Overdraft allowed |
No |
| Schedule of Charges |
Following facilities are available for this account:
Cheque Book,
Debit Card,
Pay Order,
Demand Draft,
SMS Alerts,
Statement of Account, Lockers,
Online Banking (across the NBP network),
Digital Banking, etc. |
Eligible Criteria For Free Benefits
If AMBA account holder’s daily average balance (monthly average balance) of previous month is equal to or greater than PKR 500,000/- for Type-I and PKR 1,000,000/- for Type-II & Type-III then following free benefits will be offered for the current month.
Cheque Book – (issuance)
Pay Order – (issuance) Demand Draft – (issuance)
In case of AMBA is opened during the month and AMBA account holder wants to avail above free benefits then current/present balance must be equal to or greater than PKR 500,000/- for Type-I and PKR 1,000,000/- for Type-II & Type-III. |
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. |
| AITEMAAD INCOME SUPPORT ACCOUNT (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Mudharabah (Un-restricted) |
| Type of Product |
Saving (Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum / initial amount for opening an account |
PKR 1,000/- |
| Customer Type |
Adult Individual |
| Profit Calculation |
Daily Product |
| Profit Payment |
Monthly |
| Loss Distribution |
In the event of loss, the AISA account holder and the Bank will bear the same proportionate to their respective investments 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. |
| Restriction on withdrawals / credit transactions |
No |
| Restriction on low |
No |
| account balance |
| Overdraft allowed |
No |
| Schedule of Charges |
Following facilities are available for this account:
Cheque Book,
Debit Card,
Pay Order,
Demand Draft,
SMS Alerts,
Statement of Account,
Lockers,
Online Banking (across the NBP network),
Digital Banking, etc. |
Eligible Criteria For Free Benefits
If AISA account holder’s daily average balance (monthly average balance) of previous month is equal to or greater than PKR 100,000/- then following free benefits will be offered for the current month.
Cheque Book – (issuance)
Debit Card – (issuance and annual fee)
In case of AISA is opened during the month and AISA account holder wants to avail above free benefits then current/present balance must be equal to or greater than PKR 100,000/-. |
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. |
| AITEMAAD SENIOR ACCOUNT (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Mudharabah (Un-restricted) |
| Type of Product |
Saving (Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum / initial amount for opening an account |
PKR 1,000/- |
| Customer Type |
Adult Individual
Senior Citizen (55 year and above)
Pensioners (55 year and above)
Retired Employees (55 year and above)
Widow (18 year and above)
Special / Disable Person (18 year and above) |
| Profit Calculation |
Daily Product |
| Profit Payment |
Monthly |
| Loss Distribution |
In the event of loss, the ASr.A account holder and the Bank will bear the same proportionate to their respective investments 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. |
| Restriction on withdrawals / credit transactions |
No |
| Restriction on low |
No |
| account balance |
| Overdraft allowed |
No |
| Schedule of Charges |
Following facilities are available for this account:
Cheque Book,
Debit Card,
Pay Order,
Demand Draft,
SMS Alerts,
Statement of Account,
Lockers,
Online Banking (across the NBP network),
Digital Banking, etc. |
All Time Free Benefits
Cheque Book (issuance)
Debit Card (issuance & annual fee) |
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. |
| AITEMAAD INSTITUTIONAL DEPOSIT ACCOUNT – ISLAMIC FINANCIAL INSTITUTIONS (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Mudharabah (Un-restricted) |
| Type of Product |
Saving (Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum / initial amount for opening an account |
PKR 100,000/- |
| Customer Type |
Islamic Financial Institutions (IFIs) which include full fledge Islamic Banks and Islamic Banking windows of Conventional Banks. |
| Profit Calculation |
Daily Product |
| Profit Payment |
Monthly |
| Loss Distribution |
In the event of loss, the AIDA-IFIs account holder and the Bank will bear the same proportionate to their respective investments 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. |
| Restriction on withdrawals / credit transactions |
No |
| Restriction on low |
No |
| account balance |
| Overdraft allowed |
No |
| Schedule of Charges |
Following facilities are available for this account:
Cheque Book,
Pay Order,
Demand Draft,
Statement of Account, etc. |
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. |
| AITEMAAD INSTITUTIONAL DEPOSIT ACCOUNT – NON BANKING FINANCIAL INSTITUTIONS (NBFIs) (BASIC FEATURES AND BENEFITS) |
| Underlying Islamic Mode |
Mudharabah (Un-restricted) |
| Type of Product |
Saving (Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
| Minimum / initial amount for opening an account |
PKR 100,000/- |
| Customer Type |
Non-Banking Financial Institutions (NBFIs) which include Asset Management Companies, Mudharabah Companies, Islamic Funds, Takaful Companies, Life Insurance Companies, Waqf / Trust / Charity Accounts, Other categories as per prudential regulation of SBP. |
| Profit Calculation |
Daily Product |
| Profit Payment |
Monthly |
| Loss Distribution |
In the event of loss, the AIDA-NBFIs account holder and the Bank will bear the same proportionate to their respective investments 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. |
| Restriction on withdrawals / credit transactions |
No |
| Restriction on low |
No |
| account balance |
| Overdraft allowed |
No |
| Schedule of Charges |
Following facilities are available for this account:
Cheque Book,
Pay Order,
Demand Draft,
Statement of Account, etc. |
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. |
| Aitemaad Foree Remittance Account |
| Description |
AFRCA |
AFRSAs |
| Underlying Islamic Mode |
Qardh |
Mudharabah (Un-restricted) |
| Type of Product |
Current
(Non - Remunerative Account) |
Saving
(Remunerative Account) |
| Currency |
Pakistani Rupees (PKR) |
Pakistani Rupees (PKR) |
| Minimum amount for account opening |
There is no minimum requirement |
There is no minimum requirement |
| Customer Type |
⦁ Adult Individual |
⦁ Adult Individual |
| Profit Calculations |
Not Applicable |
Daily Product
(on Value Dated Day End Balance) |
| Profit Accruals |
Not Applicable |
Daily Basis
(on Value Dated Day End Balance) |
| Profit Payments |
Not Applicable |
Monthly
(with Value Date 1st of every month) |
| Loss Distribution |
Not Applicable |
In the event of loss, the AFRSA account holder and the Bank will bear the same proportionate to their respective investments 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. |
| Restriction on withdrawals / credit transactions or number of transactions |
Not Applicable |
Not Applicable |
| Overdraft Facility |
Not Applicable |
Not Applicable |
| Restriction on withdrawals / credit transactions or number of transactions |
Not Applicable |
Not Applicable |
| Restriction on low account balance |
Not Applicable |
Not Applicable |
| Benefits and Eligibility Criteria |
Following services are available for AFRCA:
⦁ Cheque Book,
⦁ Debit Card,
⦁ Banker’s Cheque / Pay Order / Demand Draft
⦁ SMS Alerts,
⦁ Statement of Account,
⦁ Digital Banking,
⦁ Online Banking (across the NBP network), etc.
Presently, this product is eligible for following all time Free Benefits. However, product related charges / fees / waiver / grid / criteria will be updated in NBP Aitemaad - Schedule of Charges (SOCs) from time to time.
All Time Free Benefits of AFRCA
⦁ Cheque Book (issuance)
⦁ Debit Card (issuance & annual fee)
Note:
⦁ Issuance of Pay Order and Demand Draft will be discontinued after the launch of Banker’s Cheque.
⦁ All Government taxes and levies (where applicable) will be recovered from the account holder as per NBP Aitemaad – Schedule of Charges (SOCs).
|
Following services are available for AFRSA:
⦁ Cheque Book,
⦁ Debit Card,
⦁ Banker’s Cheque / Pay Order / Demand Draft
⦁ SMS Alerts,
⦁ Statement of Account,
⦁ Digital Banking,
⦁ Online Banking (across the NBP network), etc.
Presently, this product is eligible for following all time Free Benefits. However, product related charges / fees / waiver / grid / criteria will be updated in NBP Aitemaad - Schedule of Charges (SOCs) from time to time.
All Time Free Benefits of AFRSA
⦁ Cheque Book (issuance)
⦁ Debit Card (issuance & annual fee)
Note:
⦁ Issuance of Pay Order and Demand Draft will be discontinued after the launch of Banker’s Cheque.
⦁ All Government taxes and levies (where applicable) will be recovered from the account holder as per NBP Aitemaad – Schedule of Charges (SOCs).
|
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