Bawaqar Bachat Account
A current account with no minimum balance requirement operating under the Qarz –e– Hasna basis
Underlying Islamic mode | PLS Deposit on Mudarabah basis |
Acceptable currency | PKR |
Type of product (Saving/Current/ Term/ Others) | Saving |
Minimum balance requirement, if any | No minimum balance |
Target Customers | PLS Account holders |
Service charges leviable if any | As per Schedule of Service Charges |
Other salient features/services | Free internet/Mobile Banking Services SMS Facility Free CDR Facility RTGS Facility |
Launch date of the product | With the approval of SBP |