NBP Aitemaad Islamic Banking Group 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.
Key features of the product are as follows:
Customer Type |
- Adult Individual
- Sole Proprietorship
|
Account Type |
- Current Account
- Saving Account
|
Acceptable Currency |
Pakistani Rupee (PKR) |
Minimum / initial amount for account opening |
PKR 1,000/- |
Profit Payment |
Monthly |
Expected Profit Rates
(per annum) |
Following are the tentative tiers and expected profit rates which can be changed at Bank's discretion before announcement of weightages and profit sharing ratio:
Tier(s) in PKR |
Profit Rates |
From 1 to 999,999 |
7.50 % |
From 1,000,000 to 4,999,999 |
8.75 % |
From 5,000,000 to 9,999,999 |
9.25 % |
From 10,000,000 & above |
10.00 % |
|
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 consumer 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/-
|
Restriction on low account balance |
Not Applicable |
Restriction on daily withdrawals / credit transactions or number of transactions |
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 to open account under Amirah.
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