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Conventional Rates

The document outlines the indicative profit rates for various conventional deposit products effective February 1, 2025, including savings accounts and term deposits. Profit rates for savings accounts range from 10.50% to 10.75%, while term deposit rates vary from 6.00% to 8.50% depending on the tenor and payout frequency. Additionally, it notes the discontinuation of certain term deposits and provides details on applicable terms and conditions.

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Mehmood Hassan
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0% found this document useful (0 votes)
125 views1 page

Conventional Rates

The document outlines the indicative profit rates for various conventional deposit products effective February 1, 2025, including savings accounts and term deposits. Profit rates for savings accounts range from 10.50% to 10.75%, while term deposit rates vary from 6.00% to 8.50% depending on the tenor and payout frequency. Additionally, it notes the discontinuation of certain term deposits and provides details on applicable terms and conditions.

Uploaded by

Mehmood Hassan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Indicative Profit Rates

(For Conventional Deposit Products on “Per Annum ” basis)


Effective February 1, 2025

SAVINGS ACCOUNTS Change TERM DEPOSITS


Askari Asaan Account Short Notice Deposit Receipt (SNDR)
Profit Payment Profit Rate Tenor Payout Profit Rate
Semi-Annually 10.50% 7 Days 6.00%
Maturity
29 Days 6.25%
PLS Savings
Profit Payment Profit Rate Term Deposits
Semi-Annually 10.50% Tenor Payout Profit Rate
One Month 7.00%
Little Champs Account Two Months 7.25%
Profit Payment Profit Rate Three Months 7.50%
Maturity
Semi-Annually 10.50% Six Months 8.00%
One Year 8.50%
Askari Special Deposit Account (ASDA) Two Years 8.00%
Profit Payment Profit Rate
Quarterly 10.50% Term Deposits
Semi-Annually 10.50% Tenor Payout Profit Rate
Three Months Monthly 7.00%
Askari Waqaar Account - Senior Citizen Six Months Monthly 7.25%
Profit Payment Profit Rate Six Months Quarterly 7.50%
Monthly 10.50%
Askari Waqaar Account - Senior Citizen - Term Deposit
PakWatan Remittance Account Tenor Payout Profit Rate
Profit Payment Profit Rate One Year Monthly 8.50%
Monthly 10.50%
Askari Bachat Account - Individual/Corporate and Value Plus Term
Askari Sahar Savings Account Deposit**
Profit Payment Profit Rate Tenor Payout Profit Rate
Monthly 10.50% One Year Monthly 6.00%
Two Years Monthly/ Quarterly/ Annual 6.00%
Askari Maximiser Savings Account
Profit Payment Profit Rate Askari Maximiser - Term Deposit
Quarterly 10.50% Tenor Payout Profit Rate
Semi-Annually 10.50% One Year 8.25%
Monthly
Annually 10.60% Two Years 7.00%

PLS Pensioners Account Askari Sahar - Term Deposit


Profit Payment Profit Rate Tenor Payout Profit Rate
Semi-Annually 10.75% One Year Monthly 8.50%

Institutional Savings Plus Account FCY USD GBP EUR


Profit Payment Profit Rate Savings Account 0.25% 0.25% 0.00%
Monthly 7.50% Term Deposits 0.25% 0.25% 0.00%
Quarterly 8.00% ** Discontinued - No Fresh Booking Allowed
Note:
- Three-year & Five-year Term Deposits have been discontinued. In the event of a rollover, branch to negotiate with customers w.r.t. rebooking options as per prevailing
rate sheet. Otherwise clients' deposits will be rebooked at the prevailing 1-year term deposit rate (based on client’s existing payout frequency
- Terms and Conditions applicable. Zakat and Tax applicable as per Law.
- Profit will be calculated on a monthly average balance for all Savings Accounts.
- Minimum Savings Rate (as per SBP) will be applied for all accounts of discontinued Savings Products or any Savings product not mentioned in circular above and Rack
Rate of respective tenor of Term Deposits will be applied on discontinued Term Deposits Products (Except ABA).
- The rate for Financial Institutions, Public Sector Enterprises (PSEs), and Public Limited Companies will be 8.00% on all LCY Savings Products (Other than Institutional
Savings Plus Account).
- Negotiated Rates will be market-based rates and applicable on relationship basis.

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