Al Baraka Tifl-Young Savers Account
(Rs)
(Rs)
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Features
- Profit payment frequency is on quarterly basis
- Enjoy unlimited deposits and and 2 withdrawals every month
- Profit amount depends on the deposited amount
- An Islamic saving account
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Benefits
- Profit is calculated on daily basis
- This account can be open with just Rs. 100/- only
- No minimum balance requirement for operating an account
- SMS alerts, Pay order, clearing & hold mail facilities
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Eligibility
Individual:
- Age Limit: Up to 18 years -
FAQ
A savings account offers the easiest way to keep some of your money aside and earning interest or profit on that amount on regular basis.Yes, a savings account just like any other bank account allows you to conduct banking transactions. You also get access to ATM card, cheque book and online banking facility along with a savings account.Yes, normally the profit earned through a savings account is taxed at the source and deducted by the Bank before paying the remaining amount to you.No, there is no limit and you can withdraw your funds from your account any time. The profit is always paid on the amount that was present in your account during a certain period.
Other Details
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Best Suitabe For
Day to day savings
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Target Age Group
Up to 18 years
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Interest Rate / Profit Rate
8%
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Interest Calculation Frequency
Daily
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Profit Payment Frequency
Quarterly
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Currency of Account
PKR
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Free ATM / Debit Card?
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ATM Card Network
Union Pay / MasterCard
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Free Cheque Book?
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Manage with App?
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Branch Banking
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Online Banking?
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