| 1 |
Minimum Initial Deposit: Rs. 5000 |
| 2 |
Islamic Tools used in designing the product: Mudaraba/ Musharaka |
| 3 |
Product to be availed by: Individuals & Joint Account Holders
(Local) Companies, Corporate, Trusts, etc |
| 4 |
Special Advantages: |
| |
| a |
For Customer = Bi-Annual Profit Payment; Withdrawal
Facility |
| b |
Shariah = Meets requirements for Shariah Compliance |
|
|
| 5 |
Additional Features: |
| |
| a |
Personalized Cheque books |
| b |
Withdrawal Facility from ATM/ Debit Card |
|
| c |
Online deposit as per bank's policy |
|
| d |
Virtual Banking |
|
| e |
Call Centers Facilities |
|
| f |
6-monthly profit payment on the basis of monthly declared
rates |
|
| g |
Issuance of duplicate statement of account (as per SOBC) |
|
| h |
Free bank balance certificates (once in 6 months) |
|
| i |
Taking stop payment/ hold mail/ standing instructions |
|
| j |
No penalty if balance falls below minimum level.
|
|
| k |
Personal financial consultancy services (regarding Shariah
Compliant products) |
|
| l |
Utility bill payment via ATM card |
|
| m |
Choice of statement frequency (as per Schedule of Charges) |
|
|
| |
| 6 |
Weightages: Weightages are made according to tiers (Volume-wise
and Time wise) |
| 7 |
Communication Process: Announcement on notice boards, and website |
| 8 |
Banking Network: IBD's Branch only |
| 9 |
Profit payment options, 6 monthly |
