Behtar Munafa Term Deposit Features:
|Behtar Munafa Term Deposit
|All Account holders (existing and new)
|1 Month (Profit payment only on Maturity)
6 Months1 Year
|Monthly (Excluding 1-Month Tenor) / Maturity
|Zakat will be deducted as per the Zakat & Usher Ordinance 1980, unless Zakat exemption certificate is submitted.
|Withholding Tax on Profit
|Withholding Tax shall be deducted from the profit amount as per the income tax provisions.
Profit will be paid as per prevailing Projected Profit Rates
1). All Account holders are eligible for Behtar Munafa Term Deposit (Existing and New).
2). Auto Rollover option available at maturity on prevailing profit rates as per customer’s instructions.
3). In case of pre maturity, minimum PLS/saving rate to be applied, the PLS / saving rate at the time of booking or the prevailing PLS/saving rate, whichever is lower.
Q1- How can I make an investment into Behtar Munafa Term Deposit?
If you are already a ABL customer, you can avail Behtar Munafa Term Deposit receipt by visiting your nearest ABL branch. Wherever you are not a ABL account holder, there will be a need to open current or saving account first.
Q2- How many days will be required to open Behtar Munafa Term Deposit?
If all the necessary formalities are completed such as holding a saving or current account with sufficient funds and chequebook, then it will take only 1-2 working days to book the term deposit and issue the receipt.