BOP Bai Misaal Term Deposit
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The product is available for all types of customers who are eligible to invest in term deposit as per Bank's criteria. The term account can be opened singly or jointly.
1 year
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12.00 %
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100,000/-
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Rs. 12,000
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Rs. 112,000
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2 year
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12.25 %
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100,000/-
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Rs. 24,500
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Rs. 124,500
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* This product is governed under PLS rules i.e. the rates mentioned are provisional and the Bank reserves the right to revise/revisit the profit rates under Profit & Loss sharing system and terms & conditions of scheme.
The above expected rates are effective from 26-04-2010 for all fresh deposit procured/accounts opened under the Bai Misaal Term Deposit Scheme. These rates will not be applicable to deposits already booked in these schemes till the time they are matured.
* Please note the rates will be reviewed on monthly basis.
Main terms & conditions are as follows:
- Minimum deposit is RS.100,000/-
- No Maximum deposit limit
- The profit will be paid on maturity along with principal amount
- Withholding Tax and Zakat will be deducted as per law, wherever applicable
Rules governing normal PLS Term Deposit shall apply i.e. In case of pre-mature encashment, corresponding rate applicable to the period of retention then declared by the Bank will be paid, provided deposit is kept for a period not less than 7 days. Please note profit shall be paid on prevalent normal term deposit rates.
All other terms & conditions circulated earlier will remain the same.