Kisan Modarba

A savings account with no minimum balance requirement and profit payment at six months

Name of the product Kisan Modarba
Underlying Islamic mode PLS Deposit on Modarba basis
Acceptable currency PKR
Type of product Saving
Minimum balance requirement, if any No minimum balance
Profit calculation Daily closing balance
Target Customers PLS Account holders
Periodicity of Profit distribution Half-yearly profit payment
Service charges leviable, if any As per Schedule of Service Charges
Other salient features/services Nil
Launch date of the product/strong> With the approval of SBP

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