NBP Izafi Munafa Account (FAQs)

1). Who can apply for NBP Izafi Munafa Account?

Salaried individuals / pensioners, self-employed professionals / housewives, businessmen and senior citizens

2). What are some of the main features of NBP Izafi Munafa Account?

• Attractive rates (higher than PLS Savings rate on maintenance of monthly average balance of atleast Rs. 50,000 /-)
• Profit is credited before 10th of every month
• 24/7 accessibility
• Free mobile app and online transactions
• No restriction on debit and credit transactions
• Best avenue for liquid savings
• Debit card discounts
• Fee waiver on small locker fee (on anniversary) *

*Subject to maintenance of minimum monthly average balance of Rs. 1 Million throughout the year

3). What documents are required for account opening?

CNIC / NICOP / POC from NADRA, ARC / Passport / Income proof and any other document required as per Bank policy & procedure.

4). In how many cities is NBP Izafi Munafa Account available?

All NBP domestic branches country wide.

5). What is the minimum & maximum average balance requirement for NBP Izafi Munafa Account to avail free services?

No minimum / maximum balance requirement but enhanced profit rate will only be applicable on meeting threshold balance

6). Can a person open more than one Izafi Munafa Account?

The customer may open up to a maximum of

• One Izafi Munafa account at a branch in single capacity and

• One Izafi Munafa account at a branch in joint capacity

7). What profit rate can we get on NBP Izafi Munafa Account?

Profit rate of 0.25% in excess of the normal PLS Savings account rate on maintaining monthly average balance of Rs.50,000 – 999,999
- Profit rate of 0.50% in excess of the normal PLS Savings account rate on maintaining monthly average balance of Rs. 1 Million to 50 Million
- In case the average monthly balance in account is less than Rs.50,000 or greater than Rs. 50 Million, normal PLS rate will be applicable on entire balance amount.
- Profit rates will be revised subject to revision in SBP Policy rate

8).How is Izafi Munafa different from normal PLS Savings account?

• Profit is credited in Izafi Munafa account on a monthly basis whereas profit is paid on half yearly basis in normal PLS Savings account
• Izafi Munafa account rewards customers with higher profit rate on balance maintenance whereas rate is fixed in case regardless of balance in case of normal PLS Savings Account

9). What other value added features are available besides attractive profit rate?

Upon maintenance of minimum monthly average balance of Rs.1 Million throughout the year upon account anniversary, locker rent on 1 small size locker (upon availability at concerned branch) will be waived.

10). In case of account closure, what will be the treatment of profit applicable on broken period?

 In case a customer opts to close account during the month, monthly average balance will be calculated for entire month during which closure takes place. Depending on the slab in which monthly average balance falls, profit rate will be applied on broken period and credited in customer account before closure.