25 Banks of PAKISTAN PDF

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25 Banks of PAKISTAN, it's features, who provides more benefits...

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Assignment no: #01 Course Name: Conventional Banking practices Course Code: COMM-310 Section: BS 6th Accounting & Finance Submitted By: Saqib Sarwar

18221554-005

Muhammad Umar

18221554-007

Rosheen

18221554-010

Sayyeda Saba Batool

18221554-023

Kinza Arzoo

18221554-045

Submitted to: Mr. Usman Saeed

What Is Bank? 

A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets.

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There are several different kinds of banks including retail banks, commercial or corporate banks, and investment banks. In most countries, banks are regulated by the national government or central bank.

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The bank operated 475 conventional banking branches, including 18 sub-branches, 10 overseas branches, 153 Islamic banking branches, and an offshore banking unit. As of 2016, the bank's total assets amounted to US$8.29 billion and net profit reached US$71.42 million

Here’s the lists of banks which we selected and describe their features 1. HBL 2. Standard Charted Bank 3. ABL 4. UBL 5. MCB 6. Meezan Bank 7. Finca Bank 8. ZTB 9. Khushhali Bank 10.Bank Al Habib 11.Faisal Bank 12.Bank Alfalah 13.Summit Bank 14.Habib Metropolitan Bank 15.NRSP 16.National Bank

17.Askari Bank 18.Dubai Islamic Bank 19.Al Baraka 20.Soneri Bank 21.JS BANK 22.Silk Bank 23.BOP 24.MCB Islamic Bank 25.Citi Bank

Features Of HBL HBL is the Pakistan’s largest bank. First commercial bank to be established in Pakistan in 1947

Current Account  A safe way to accumulate the funds  HBL’s current account allows individuals and businesses to deposit money and withdraw funds anytime.  Funds can be withdrawn through cheques, ATMs, fund transfers, among other methods.

Saving Account  An ideal account for anyone  Who wants to keep aside some extra funds for emergencies  Fair Treatment to Customers HBL Saving Accounts offers various elements of fee and profit payment is applicable. It also offers Cheque books, Debit cards, Mobile banking and Internet banking are offered along with many other features.

Fixed Account

 A fixed deposit, or 'FD', is a type of bank account that promises the investor a fixed rate of interest.  In return, the investor agrees not to withdraw or access their funds for a fixed period of time. In a fixed deposit, interest is only paid at the very end of the investment period.

Features Of Abl ABL is the first Muslim Bank established on territory that later on became Pakistan. It was established on December 3, 1942, as Australasia Bank at Lahore with capital of 0.12 million by Kashmiri silk trader Khawaja Bashir Baksh.

Current Accounts  ABL Current account offers host of free banking services by maintaining certain minimum monthly average balances.  Allied Bank Current Account offers a host of free services on maintaining a monthly average balance of Rs. 250,000/- & above.

Saving Account  Saving Accounts give you the ability to earn profit along with the flexibility to withdraw funds whenever you require offsetting a financial emergency or need.  The profit is earned as per the mechanics of Saving Accounts which are mostly on the basis of Minimum Deposit maintained in the account.  Alternatively, investing in a term deposit product gives you a safety of knowing that your profit will not fluctuate.

Fixed Account  A fixed deposit, or 'FD', is a type of bank account that promises the investor a fixed rate of interest.  In return, the investor agrees not to withdraw or access their funds for a fixed period of time. In a fixed deposit, interest is only paid at the very end of the investment period.

Features Of UBL United Bank Limited (UBL) leads the banking and financial services sector in Pakistan. With a customer base of over 4 million, the Bank boasts Pakistan’s widest network of over 44,000 customer touch points; this includes more than 1,400 branches, above 37,000 Omni Agents and over 1,400 ATMs. UBL has presence in four continents.

Current Accounts  Account can be opened with Rs 100/ No limit on number of transactions.  No minimum Balance requirement.  ATM/VISA Debit Card.  SMS alerts.  Free E-statement facility.  Net Banking facility.  Access to your funds through online network of over 1,300 UBL branches and 4,500 ATMs across the Pakistan.

Saving Account  UBL Savings Account · No limitation on withdrawals · Share of profit is credited on halfyearly basis · Profit is calculated on monthly average balance.

Fixed Account  Offer an alternative way of saving a lump sum for a fixed date in the future, and may often provide a better rate of interest  Term deposit investments usually carry short-term maturities ranging from one month to a few years and will have varying levels of required minimum deposits

Features Of MCB

MCB Bank is one of the oldest banks of Pakistan and was incorporated in private sector in 1947. It was nationalized in 1974 and privatized in 1991. MCB Bank’s major shareholding is owned by the Nishat Group, a prominent business conglomerate, having diversified interests in Textiles, Cement, Banking, Insurance, Power Generation, Hotel Business, Real Estate, Agriculture, Dairy, Auto Manufacturing and Paper Products.

Current Account  Receive your salary or other income quickly and safely and manage your day-to-day expenditures easily from your versatile Current Account, with multiple online, offline and mobile functions.

Saving Account  A savings account can be opened in NAF currency.  Access your savings account and watch it grow with Online Banking.  If you’re younger than 18 years, check out and apply for our Youth Savings account. Fixed account  Earn a guaranteed, higher return than on a standard savings account · Enjoy competitive rates for investments of longer terms and higher amounts

 The funds can be fixed for a tenor of 3 years

Features Of Meezan Bank Meezan Bank is the largest Pakistani Islamic commercial bank which is a subsidiary of Kuwaiti company Noor Financial Investment. The Bank is headquartered at Meezan House in Karachi, Pakistan. It has a network of over 802 branches

Current Account

 Meezan Current Account offers Riba-Free financial solutions to meet the needs of its customers. With over 570 branches spread over 146 cities across Pakistan, Meezan Bank offers comprehensive online coverage across our large network.

Saving Account  Meezan Bachat Account is a savings account that offers a higher expected profit. The minimum investment required for opening an account is Rs 50000.

Fixed Account  A fixed deposit, or 'FD', is a type of bank account that promises the investor a fixed rate of interest.

 In return, the investor agrees not to withdraw or access their funds for a fixed period of time. In a fixed deposit, interest is only paid at the very end of the investment period.

Features Of Finca Bank FINCA Microfinance Bank Limited is part of the FINCA Impact Finance Network, a group of 20 microfinance and financial institutions that provides socially responsible financial services and enables low-income entrepreneurs and small business owners to invest in the future.

Current Account  An account for all your business needs! The Sahulat Current Account is for business owners that need convenient transactions at minimal cost.

 We understand the needs of your business: a high volume of transactions, convenient and speedy access to your money, and low-cost transfers to and from business partners across Pakistan.

Saving Account

 The Aitemad Savings Account is an all purpose savings account. The account specifications are tailor made for small savers with a small volume of transactions.

 The account provides the opportunity for individual customers to earn lucrative interest rates while enjoying full banking services.

 Through an Aitemad savings account, you can avail a profit rate of up to 8%.

Features Of ZTBL Bank The Zarai Taraqiati Bank Limited cricket team, formerly known as Agriculture Development Bank of Pakistan cricket team, was a firstclass cricket side in Pakistan. It was sponsored by the Zarai Taraqiati Bank Limited

Current Account  

Initial deposit is Rs.200/Un-remunerative charges @ Rs.50/- pm shall be deducted on half yearly basis.

Saving account  No initial deposit.  Max. 8 debit transactions during the month are allowed for calculation of profit.  Profit shall be calculated on the basis of average balance during the month.  Profit shall be credited to a/c on half yearly basis.

Features Of Khushhali Microfinance Bank Khushhali Bank Limited is the first microfinance bank which is based in Islamabad, Pakistan. It was founded in 2000. It was a part of the Government of Pakistan's poverty reduction strategy and was developed with the facilitation of Asian Development Bank

Current Account

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Khushhali Current Deposit Account is the transactional account for everyone! It offers you basic banking and the ability to manage your money without worries.

Saving Account 

The perfect choice for the customers with moderate transactional needs jumpstart a secure future for yourself and your family with amazing earning potential and Free Life or Disability Insurance. What are you waiting for? Get your surplus funds working harder!

Fixed Account  Khushhali Izafa Certificate which gives you attractive monthly returns Invest today with an investment of Rs. 25,000/- and earn profit every month

Features Of Bank Al Habib Bank Al Habib Limited is a Pakistani commercial bank owned by the Dawood Habib family. It is based in Karachi, Pakistan. Bank Al Habib has a branch network of more than 850 branches. Bank Al Habib has wholesale branches in Bahrain, Seychelles and Malaysia and offices in UAE, Istanbul, Beijing, and Kenya.

Current Account  AL Habib Current Account is a Pak Rupees non-remunerative account specially designed for the customers who are looking to manage their day to day banking needs conveniently.

 This account offers transactional freedom to both individuals and businessmen who have frequent transactional needs and a requirement to access their funds with ease

Saving Account  With our Shariah compliant AL Habib Islamic Savings Account, get a profit with peace of mind and save for the future.

Fixed Account  No penalty on Premature Encashment.  On premature encashment, profit will be calculated as per rate of last nearest completed tenure while profit on the remaining number of days deposit held, will be calculated and paid on the Savings Account Profit Rate, applicable at the time of Booking of deposit

Features Of Faysal Bank Faysal Bank Limited is a Pakistani Islamic and commercial bank, a subsidiary of the Bahraini bank Ithmaar Bank, based in Karachi, Pakistan. It is named after Faisal of Saudi Arabia.

Current Account  Our Current Accounts help you manage your financial transactions with convenience. With free online transaction facility and a host of fee waivers on maintaining certain balances,

 Our Current Accounts are designed to give you maximum flexibility and easy access to your funds through our online branch and ATM network at all times

Saving account  Our Saving Accounts are there to provide you with attractive profit rates through a tiered structure to give you the best out of your savings. Gain full access to your funds anywhere, anytime.

Features Of Bank Alfalah Bank Alfalah Limited, formerly Habib Credit and Exchange Bank, is a Pakistani retail bank which is a subsidiary of Emirati Company Abu Dhabi Group

Current Account 

Enjoy your everyday banking needs with absolute ease through our non-interest bearing Current Account, giving you instant access to your cash from any branch across our growing network. It offers transactional privileges to both individuals and businessmen who have frequent transaction needs and funds accessibility requirement.

 Minimum monthly balance requirement of Rs. 5,000 only*  Account opening requirement of Rs. 1,000  First Cheque book free Saving Account  Enjoy your basic banking needs with complete ease while you also start earning profits on your savings for a more protected tomorrow.This account is tailored for individual savers and businesses who seek returns on their deposits as well as continuous access to their funds.

 Open with an initial deposit of Rs 100 only  No monthly minimum balance requirement  Profit is calculated on the average balance  Profit is paid semi-annually Fixed Account  Alfalah Term Deposit offers attractive rates with a higher deposit placement for fixed tenors with a variety of profit payment options

 Fixed deposit product in PKR Currency  No minimum amount of placement  Amount can be placed for 1 month, 3 months, 6 months, 1 year, 2 years, 3 years, 4 years and 5 years.

 Options of profit payment at maturity, monthly, and annually

Features Of Summit Bank

Summit Bank is a Pakistani commercial bank, which is a subsidiary of Suroor Investment and is in Karachi Pakistan Mauritius Investment Company. It has a network of 193 branches across the country.

Current account  Current Account (CA) is a checking (transactional) account based on Qard (Loan); hence Principal (Deposit) received in the account is guaranteed. The money can be deposited and withdrawn at will to and from this account with or without notice either by Cheque / ATM / Debit Card / electronic means (Net banking etc.) or through written instructions.

 Current Account (CA) is a checking account which aims to provide necessary tools to Individuals and corporate customers to transact their entire bank related business and personal activities. Funds received are on the basis of Qard (Loan) hence are guaranteed.

Saving account  Bachat Savings Account (BSA) is an investment-cum-transactional account. The money can be deposited and withdrawn at will with or without notice either by Cheque / ATM / Debit Card / Electronic means (Net Banking etc.) or through written instructions.

 Bachat Savings Account (BSA) will be opened in Pakistani Rupees.  The account can be opened with PKR 1,000/-.  Minimum Balance requirement is PKR 1,000/-.  Profit will be calculated on monthly average balance and payment will be Bi-annually.  Zakat & other Levies will be applicable as per governing laws. Fixed account  Individuals (single or joint)  Minors (to be operated by the guardian)  Charitable institutions  Provident fund & other funds of benevolent nature  Local bodies  Autonomous corporations

 Limited companies

Feratures Of Habib Metropolitan Bank Habib Metropolitan Bank, commonly known as Habib Metro, is a Pakistani subsidiary of Swiss bank Habib Bank AG Zurich. It is based in Karachi, Pakistan. It has a branch network of 400

Current account  A non-remunerative current account designed to cater to your diverse banking needs.  No minimum amount required for opening account  No limit on the number of transactions that can be conducted Saving account  A saving

accounts which for individuals and corporate with monthly profit payments that

are calculated on daily account balances. A higher profit rate is applicable on maintaining minimum monthly balance of Rs. 50 million.

Fixed account PKR, USD, GBP & EURO

Eligibility:

Individuals, Sole Proprietors. Partnerships, Limited Companies etc.

Deductions:

Subject to Zakat, WHT & other Govt. levies applicable as per the rules

Min Investment:

No Restriction

Max Investment:

PKR 100 Million or equivalent in FCY

Profit Pay-out:

On Maturity

Pre-mature Encashment:

Allowed*

Pre-mature Encashment Penalty:

No Penalty

Features Of NRSP Bank Islamic Banking NRSP Microfinance Bank Limited has a rather exceptional public figure in the society. Lending Credit Products are delivered by Credit

Current account  A current account with no minimum balance requirement operating under the Qarz – e – Hasna basis

Saving account  This account is introduced for common people/individuals especially for unbanked/under banked segment of population in compliance to SBP’s National Financial Inclusion Strategy (NFIS).

 Primarily a card based account, ATM/Debit Card  Cheque book also available  Simple Documentation Account will be opened on the basis of valid identity document only

Features Of National Bank National Bank of Pakistan is a Pakistani governmentowned multinational commercial bank which is a subsidiary of State Bank of Pakistan. It is headquartered in Karachi, Pakistan. As of September 2020, it has 1,511 branches across Pakistan with assets of approximately USD 20.2 billion

Current account  Best suitable for all types of government organizations & for government employees  Enjoy unlimited withdrawals and deposits every month  Quick and easy process to open an account  Service charges may apply as per bank policy Saving account  Savings Account (SA) is the oldest/primeval offering of the National Savings with a product design to encourage the small savers to invest in a way that helps them meet their day-to-day financial needs. Savings Account gives a great facility to its investor for withdrawing the amount deposited three times a week.

Fixed account For customers with excess funds which they intend to commit to an investment for a fixed period of time.

 Minimum balance of MK25,000  Predetermined fixed period  Interest is paid on expiry of each contractual period  No bank charges  Can be used as security for borrowing.  Relatively high interest rate.  Very low risk  Once paid for each period, interest is added to the principal and earns interest in the subsequent contractual period.

Features Of Askari Bank Askari Bank Ltd is a commercial and retail bank in Pakistan and is owned by Fauji Foundation. It was

founded on October 9, 1991, as a Public Limited Company. On June 21, 2013, the bank was acquired by Fauji Group

Current account  Askari Bank adds value to your life. Whether you are an individual or an organization, Small & Medium Enterprise (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.

Saving account  Askari Bachat Account is a Term Deposit designed for individual customer with investment appetite. It offers customers the option of investing for 1 Year and has been designed keeping in view the savings needs of customers who want profit on a monthly basis.

Fixed account  One year tenure  Profit rate is 6.25%  At maturity

Featues Of Dubai Islamic Bank The Dubai Islamic Bank is an Islamic bank in Dubai, established in 1975 by Haj Saeed Bin Ahmed Al Lootah. It is the first Islamic bank to have incorporated the principles of Islam in all its practices and is the largest Islamic bank in the UAE.

Current account  Dubai Islamic Current Account is a non-remunerative checking account designed for account holders who need to transact frequently.

 It specifically ...