PLS-Saving
Profit Plus Account
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- Individuals, corporations, organizations and various provincial
/ federal government departments can open accounts under the scheme.
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This is an operating/checquing account
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The accounts can be opened in individual or
joint names.
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The deduction of Zakat and Withholding tax will
be applicable as per law of the land.
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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 account and profit will be calculated
on minimum balance during the month at the normal rate declared for Pls- sb account.
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Profit payable on half yearly basis.
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Copyright
© 2008 The Bank of Punjab