It is a current account for both individuals and entities (excluding Public Ltd Companies) who meet qualifying criteria as per below category.

Individuals including Single/Joint, Sole Proprietor, Minor/Guardian:

Entity:

a) Partnership: Relationship balance of PKR 5 million (or equivalent FCY) in Current accounts .

b)Private Limited Companies: Relationship balance of PKR 7 million (or equivalent FCY) in Current accounts .

• Account will be opened in PKR Currency only
• No Initial deposit requirement to open KHAAS Current Account
• PKR 50 will be deducted if monthly average balance falls below PKR 10,000
• For KHAAS Current account, a shadow(reward) account will also open in Flexcube by CPD simultaneously.
• The shadow(reward) account is not a regular account. Account opening formalities will not be required for this shadow(reward) account.
• Shadow(reward) account will only be utilized by customer to earn rewards in the form of profit on deposit balance available in Shadow(reward) account.
• Funds can only be transferred between KHAAS Current account and shadow(reward) account through Mobile App.d between KHAAS Current account and shadow(reward) account through Mobile App.
• Reward will be calculated @3% per annum on monthly average balance of the shadow(reward) account and will be disbursed in Shadow account on a monthly basis.
• Withholding tax will apply on the rewards(profit) earned on the shadow(reward) account balance.
• Zakat will also be applicable on the shadow(reward) account and will be deducted from Shadow account.
• Customer can apply for any card variant but only KHAAS Platinum Debit card is free.
• Enhancement in KHAAS Platinum Debit Card limit i.e:

       o Cash Withdrawal: PKR 200,000

       o POS/E-Commerce: PKR 1,000,000

       o Fund Transfer/ IBFT: PKR 1,000,000

• Free Cheque book issuance (any size)
• Free Universal cheques
• Free CDR issuance
• 100% free Locker annual rent (any size)
• Free KHAAS Platinum Debit Card (Annual Fee Waiver only if customer is marked as “Priority”)
• Free Platinum KHAAS Supplementary Card (only if Primary Card is KHAAS Platinum Debit card)
• Free SMS alerts
• Free IBFT (ATM & Mobile Banking)