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Bawaqar Bachat Account

IMD receives deposit under this product from the general public with monthly, quarterly and semi-annually profit payout. 

Main feature of Bawaqar Bachat Account are as under.

Name of the product/service

Bawaqar Bachat Account

(Profit and Loss Distribution Policy Framework)

Underlying Islamic mode

PLS Deposit on Modarba basis

Acceptable currency


Type of product (Saving/Current/ Term/ Others)


Minimum balance requirement, if any

No minimum balance

Tenors (minimum and maximum)


Profit calculation (daily product, monthly, etc.)

Daily closing balance

Periodicity of Profit distribution (Monthly, quarterly, annual, etc.)

Monthly/Quarterly/half yearly profit payment

Target Customers

PLS Account holders

Service charges leviable, if any

As per Schedule of Service Charges

Other salient features/services


Launch date of the product

Oct 30, 2015