Individuals,corporations,organizations and various Provincial / Federal government departments can open accounts under this scheme.
This is an operating/checquing account
The accounts can be opened in individual or joint names.
The deduction of Zakat and Withholding tax will be applicable as per law of the land.
Average balance during a calendar month will be taken to determine the deposit slabs and applicable profit rate for that month, for the purpose of creating provisons.
However, in case the average balance in any month falls below Rs. 1(M) being the minimum slab, the account for that particular month will be treated as an ordinary PLS-SB Aaccount and profit will be calculated on minimum balance during the month at the normal rate declared for PLS-SB Account.
Profit payable on half yearly basis.
Saving Profit Plus Account
General Customers: |
Rs.1.000 (m) & above |
5.00% |
|
|
Financial Institutions |
|
5.00% |