The product is available to retailers, wholesalers and other business who may be working in individual, proprietary or in partnership capacity with a well defined business spot (located in selected commercial markets) who are eligible to open current account as per bank’s rules.
A customer maintaining BOP Karobar Dost Account will enjoy the facility of earning profit on deposit over the minimum limit of deposit to be maintained in the account alongwith free On-line facility for deposit /withdrawal within & inter city.
The product carries all characteristics/conditions/rules pertaining to normal current account and Corporate Premium Account.
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- Profit will be paid on balance over Rs.100,000/- with no maximum limit.
- Free On-line facility for deposit /withdrawal within & inter city provided last months average balance is Rs.100,000/- or above
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- Calculation of profit is on daily product basis.
- Payment of profit will be made on monthly basis by crediting BOP Karobar Dost Account or as per instruction of the client.
- Profit Rate will be reviewed on monthly basis
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- Free issuance of ATM Card one time for main account (Not for linked CPA). This will be controlled manually.
- Free On-line facility for deposit /withdrawal within & inter city provided last months average balance is Rs.100,000/- or above.
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- Withholding tax @ 10.00 % of the profit or as per law in force shall be deducted, wherever applicable from the linked CPA.
- The rate mentioned is expected and the Bank reserves the right to review/revise the profit rates and as well as the terms & conditions of the scheme.
- Zakat will be deducted as per law, wherever applicable.
- Profit Rate will be reviewed on monthly basis.
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Initially product is launches at 10 market selected based branches. For detail, CLICK HERE