Allied Islamic Asaan Saving Account provides simplified account opening requirement/procedure aimed for the financial inclusion of low risk customer especially unbanked/under banked segment of population.
The salient features of the product are:
- Simplified account opening.
- Initial deposit requirement for account opening is Rupees 100.
- Account can only be opened in Pak Rupees only.
- Transaction turnover (Debit & Credit each) Rs. 1,000,000/- per month.
- The Accounts will be operated based on the mode of Mudaraba with no Minimum balance requirement for profit calculation.
- Profit calculation on average balance of the month and payment on half yearly basis.
- No account maintenance/conversion/closing charges
- Complimentary statement of account on half yearly basis.
- Free Cheque book & Free Online (Cash Deposit/ Withdrawal/ Account to Account Transfer)
- Issuance of Allied PayPak Debit Card.