BOP KHAAS (Monthly) Saving Account
Target Market:
It is a saving 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:
Relationship balance of PKR 3 million (or equivalent FCY) in all Saving accounts OR
Client with a monthly salary of PKR 500k or more.
Entity:
a) Partnership:
Relationship balance of PKR 8 million (or equivalent FCY) in Saving accounts.
b)Private Limited Companies:
Relationship balance of PKR 10 million (or equivalent FCY) in Saving accounts .
Features:
- Account will be opened in PKR currency only
- Minimum Initial deposit requirement to open KHAAS (Monthly) Saving Account is PKR 500,000.
- No account maintenance charges
- Profit shall be disbursed Monthly (Normal PLS Saving rate)
- No shadow account is linked with KHAAS (Monthly) Saving account
- Zakat and Withholding Tax will apply
- Customer can apply for any card variant but only KHAAS Platinum Debit card is free.
- Enhancement in Platinum KHAAS 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
Waivers:
- Free Cheque book issuance (any size)
- Free Universal cheques
- Free Platinum KHAAS Debit Card (Annual Fee waiver will be applicable only if the customer is marked as “Priority”)
- Free Platinum KHAAS Supplementary Card (only if Primary card holder has a KHAAS Platinum Debit card)
- 50% waiver on Locker rent (any size)
- Free SMS alerts
- Free IBFT (ATM & Mobile Banking)