Mera Tahaffuz Term Deposit
Specially designed the product to empower Senior Citizens/ Junior/ Widow/ Disables and Pensioners to open and operate the Bank account transaction with highest level of services provided by the Bank to their fullest satisfaction with healthy return.
- Minimum investment of Rs-5,000/-.
- Term Deposit Account for Senior Citizens/ Junior (Minor)/ Widow/ Disabled and Pensioners of less than 18 and Above 55 Years.
- Unlimited deposits.
- All other conditions including Zakat & Taxes for saving Account are applicable.
- Term Deposit may be fixed for 12 Months, 24 Months and 36 Months.
- No penalty for premature payment will be levied in case of premature payment of deposits.
- Profit payment is subject to tax deduction.
Note: * In case of pre-mature encashment of instrument, rate of previous term completed will be applicable.
|Mera Tahafuzz TDR|
|Account Holder Type||Tenor|
|Senior/Junior/Widow/Penionsers/Disables||12 Months||24 Months||36 Months|
|Proposed TDR rate on Monthly basis*||7.75%||8.00%||8.25%|
|Proposed TDR rate on Maturity basis*||8.75%||9.00%||9.25%|
* Rates are subject to change as per Banks policy