Value Plus Current Account

Askari Bank adds value to your life. Whether you are an individual or an organization
(SME/Commercial/Corporate), Askari Value Plus Current Account promises you amazing benefits and
free facilities to meet your ever growing financial needs on individual and organizational levels.
That's why Askari Value plus is Not Just another Plus!

VALUE PLUS CURRENT ACCOUNT

FOR INDIVIDUALS

Opening Balance Requirements:

Opening Balance Requirements:
Opening Balance Requirements:

Rs. 25,000/-

Minimum Monthly Average

Balance
Minimum Monthly Average
Balance Requirements:
Minimum Monthly Average
Balance
Requirements:
Requirements:

Rs. 25,000/-*
(In case of short fall in the minimum balance requirement, service
charges for free services being offered will be charged as per
prevailing Schedule of Charges.)

Minimum Monthly Average

Balance Requirements:
Minimum Monthly Average
Balance Requirements:
Minimum Monthly Average
Balance Requirements:
FREE FACILITIES:

Issuance of Visa Debit Card. Annual and replacement fee would

apply
ATM Cash Withdrawal Insurance coverage upto daily cash
witdrawal limit of the debit card from Askari Bank ATMs
24 hours world-wide Accidental Death & Permanent Disability
insurance coverage to Debit Card / Visa Debit Card Holders. Rs.
500,000/- and Rs. 700,000/- for Classic and Gold Visa Debit
Cards respectively
24 hours world-wide Accidental Death & Permanent Disability
insurance coverage. The sum insured per account holder shall
be equivalent to four times of the average balance completed in
the last six months maximum upto Rs. 2 Million
On-line fund transfer facility
i-Net Banking facility
SMS Alerts of ATM Cash withdrawal to Visa Debit Card holders.
Issuance of Pay orders / Demand drafts
Issuance of 2 Supplementary Visa Debit Cards. Annual and
replacement fee would apply
Issuance of Cheque Books

Duplicate account statements

VALUE PLUS CURRENT ACCOUNT

FOR BUSINESS

Features

Details

Opening Balance Requirements:

Rs. 100,000/-

Minimum Monthly Average Balance

Requirements:

Rs. 100,000/-*
(In case of short fall in the minimum balance requirement,
service charges for free services being offered will be
charged as per prevailing Schedule of Charges.)

FREE FACILITIES:

UNIQUE FEATURE:

On-line funds transfer facility

Issuance of Cheque Books
Issuance of Pay orders / Demand drafts
Duplicate account statements
Statement of Account through email (Once a
month)

If any organization opens Value Plus Current Account for

Business, then its employees will be eligible to open Value
Plus Saving Account with an initial Deposit of Rs. 5,000/only.

Askari Paishgi Munafa Account

Askari Paishgi Munafa Account is a unique term deposit designed to
meet the immediate financial needs of Individual investors who want to
invest funds for a medium term. Now you don't have to wait the entire
term to receive your profit. The most significant feature of this product
is that the customer receives the entire profit upfront at the time of
placement. So you can fulfill your financial needs today without
depleting your savings. Salient features of the account are mentioned
below:
Based on the principles of profit and loss sharing
Tenure: 15 Months
Profit payment: In Advance (on placement of deposit)
Eligibility: Individual Investors only
Currency of deposit : Pak Rupees
Minimum Rs.100,000 (multiples of Rs. 100,000)
A Term Deposit Receipt shall be issued
Financing up to 80% of the principal amount
Terms and conditions
1. Profit shall be paid to the customer in advance on the day of placement of Term
Deposit.
2. The Term Deposit shall be linked with customers' savings / current account, in which
the profit will be credited.
3. The customer will be allowed to withdraw the profit so credited in his / her saving /
current account through cheques
or ATM.
4. The deposit shall be eligible for profit on the condition that the funds will not be
withdrawn or payable before the
date of maturity. In case of pre-mature encashment the applicable rate for calculating
profit for the tenure
completed (i.e. start date till pre-mature encashment date) shall be the rate for the term
corresponding with the
minimum term completed on the Bank's term deposit rate sheet prevailing at the time of
pre-mature encashment.
There will be no other service charges on pre-mature encashment, however; the advance
profit paid to the
customer at the time of placement of deposit will be recovered/ adjusted from the
principal amount of the deposit
held by the bank. The Bank shall have the right of set-off against the Deposit to recover
the advance profit, which
will be deducted from the encashment proceeds payable to the customer.
5. In case the Deposit is encashed before completion of 1 month, the entire profit shall
be recovered from the principal
at the time of encashment i.e. A minimum term of 1 month must be completed for the
customer to be eligible for

profit.
6. At the time of maturity, the term deposit may be encashed or renewed subject to
customer instructions recorded at the
time of placement of the Term Deposit or at any subsequent stage before the date of
maturity. The encashment shall
be subject to surrender of receipt issued to the customer. (In case of loss of TDR receipt a
duplicate may be issued to
the customer by providing the bank with a written indemnity)
7. The Bank shall have the right to invest the funds raised from such deposits in any
manner at its discretion.
8. The amount of the PLS Term Deposit and the returns thereon shall be based on the
principles of profit and loss
sharing, reviewable bi-annually under the rules and regulations in force governing the
Profit and Loss Sharing
deposits. The Bank's discretion of profit and loss shall be final and binding on the
depositor for all purposes. The
profit/loss on PLS term deposits shall be disbursed/recovered by the Bank only after such
returns are determined and
declared by the Bank.
9. The Deposit and payment of profit thereon being governed by and subject to the laws
of Pakistan in force at the
relevant time, shall solely be transacted at the branch to whom this application is
addressed, (the Deposit Branch),
and no other branch/office of Askari Bank would be liable in respect hereon.
10. Payment of profit shall be subject to withholding tax under the Income Tax Laws.
However in case of pre-mature
encashment withholding tax deducted on profit will not be refundable to the customer.
11. Zakat will be applicable as per Zakat & Ushr Ordinance 1980, unless Declaration of
Exemption is provided by the
customer at the time of placement of deposit.
12. The Bank reserves the right to revise the above said rules at its discretion in
accordance with normal banking
practice and/or regulations of the State Bank of Pakistan from time to time.
Account Holder's Signature(s) (1) ________________ (2) ________________(3)
________________(4)________________
Investment Certificates
Askari Bank's Investment Certificates not only provide the added
security, investment and monthly return to the customers, these
certificates are negotiable and can be transferred to third party.
Investment Certificates can be issued for a period of 3 months and
profit is payable on monthly basis through pre-printed tear-off coupons.

Facility:
Facility:
Facilit