Askari Bachat Account:

Askari Bachat Account: Askari Bachat Account is a Term Deposit designed for individual customer with investment appetite. It offers customers the option of investing for 1Year and has been designed keeping in view the savings needs of customers who want profit on a monthly basis. The salient features of the account are mentioned below:

	ASKARI BACHAT ACCOUNT
	1 Years	2 Years
Features	INDIVIDUAL	INDIVIDUAL	CORPORATE
Product Type:	Term Deposit.	Term Deposit.	Term Deposit.
Eligibility:	Pakistani Resident (Individuals Only).	Pakistani Resident (Individuals Only).	Pakistani Resident
Balance Requirement:	Minimum balance of Rs. 50,000/- with no upper limit.	Minimum balance of Rs. 50,000/- with no upper limit.	Minimum balance of Rs. 2,000,000/- with no upper limit.
Tenure:	1 Year.	2 Year.	2 Year.
Profit Payment:	Monthly 1st of every month.	Monthly 1st of every month.	1st of following Month, Quarter, Half Year & Year
Expected Rate of Return:	8.5% p.a.	9.10% p.a	9.10% p.a.
Financing Limits:	Up to 90% of the principal amount.	Up to 90% of the principal amount.	Up to 90% of the principal amount.
Servicing:	Available at all Askari Bank branches.	Available at all Askari Bank branches.	Available at all Askari Bank branches.
	Free Facilities :	Free Facilities :	Free Facilities :
	1- VISA DEBIT CARD (For the CASA account)	1- VISA DEBIT CARD (For the CASA account)	1- On-line fund transfer facility.
	a- No Issuance Fee	a- No Issuance Fee	2- Issuance of Cheque Books.
	b- SMS Alerts on ATM Cash withdrawal and I-Net Banking Transaction.	b- SMS Alerts on ATM Cash withdrawal and I-Net Banking Transaction.	3- Account statements.
	2- INSURANCE COVERAGE	2- INSURANCE COVERAGE	4- Pay Orders/ Demand Draft.
	a- ATM Cash Withdrawal Insurance coverage upto daily cash withdrawal limit of the debit card from Askari Bank ATMs.	a- ATM Cash Withdrawal Insurance coverage upto daily cash withdrawal limit of the debit card from Askari Bank ATMs.
	b- 24 hours world-wide Accidental Death & Permanent Disability insurance coverage to Debit Card / Visa Debit Card Holders. Rs. 500,000/- and Rs. 700,000/- for Classic and Gold Visa Debit Cards respectively.	b- 24 hours world-wide Accidental Death & Permanent Disability insurance coverage to Debit Card / Visa Debit Card Holders. Rs. 500,000/- and Rs. 700,000/- for Classic and Gold Visa Debit Cards respectively.
	3- On-line fund transfer facility.	3- On-line fund transfer facility.
	4- I-Net Banking facility.	4- I-Net Banking facility.
	5- Issuance of Cheque Books.	5- Issuance of Cheque Books.
	6- Duplicate account statements.	6- Duplicate account statements.
	7- Free Pay Orders.	7- Pay Orders/ Demand Draft.
	(Withholding Tax and other Government charges will be applicable as per Law)	(Withholding Tax and other Government charges will be applicable as per Law)

 

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