Shandar Saving Account

Key Features
Target Customers


Profit Mechanism

Half yearly Profit Payout

Special Offer

Initial Deposit: Only Rs.100/-

Free SMS services

No limits on number of Transactions conducted by Customers.

Shandar Saving Account
This is a profit bearing saving account. The product is offered to individual customers to cater their banking needs of savings. Tier based profit rates are offered on this product to offer increased profit rates on increased savings. The product offers no limits on number of transactions conducted by the customers.
Products Features
Target Customers Individuals
Profit as of January 2023
Slabs Profits Rates
PKR 1-100,000 11.75%
PKR 100,001- 250,000 12.25%
PKR 250,000-500,000 12.75%
PKR 500,001- 1,000,000 13.25%
PKR 1,000,001 & Above 14.75%
Profit Calculation Profit will be calculated on daily Balance.
Profit Payout Half yearly Profit
Age Limit 18 Years & Above
Minimum Initial Deposit Rs. 100/-
Minimum Balance Requirement Not Applicable
SMS Alert Free
Account Statement As per Schedule of Charges
Zakat As per Zakat and Usher Ordinance 1980
Transaction Limit Not Applicable
Cheque Book Charges As per Schedule of Charges
Documents Required


Valid ID Document

Income Proof/ Source of Income document

Utility Bill (Where required) KYC / FATCA / CRS