6. INWARD CLEARING
Cheques issued by our branch’s account
holders to others who are maintaining their
accounts in some other banks/branch .
7.
8. OUTWARD CLEARING
It includes those cheque and other instruments
which are sent by the bank to the banks for
payment on behalf of its own clients.
Cheque are sent to clearing house through local
main branch
9.
10.
11. So, if
Outward Clearing > Inward clearing = Favorable
Outward Clearing < Inward Clearing = Unfavorable
17. ASKARI WAQAAR ACCOUNT
Askari Waqaar Account has been developed for senior
citizens, enabling them to carry out their banking
transactions and also to avail investment
opportunities.
High returns
Offered in Savings/Term Deposit categories
Profit paid on monthly basis
Free first debit card
Free first cheque book
18. Features Savings Term Deposit
Tenure – 1 year
Minimum Age to qualify 55 years 55 years
Profit Calculation Monthly Average Balance –
Profit Payment frequency Monthly Monthly
Debit Card & Cheque Book Free for the first time (subsequent
annual and replacement charges
will apply)
Free for the first time – for linked
account (subsequent annual and
replacement charges will apply)
Currency PKR PKR
19. ASKARI BACHAT ACCOUNT
Askari Bachat Account is a Term Deposit designed for
individual customer with investment appetite. It offers
customers the option of investing for 1 Year and has
been designed keeping in view the savings needs of
customers who want profit on a monthly basis.
20. Features Individuals
Eligibility: Pakistani Resident (individual only)
Balance Requirement: Minimum balance of Rs. 50,000/- with no upper limit
Tenure: 1 year 2 years
Profit Payment: Monthly 1st of every month
Expected Rate of Return: 4.75% per annum 5.35% per annum
Servicing: Available at all Askari Bank branches
Free Facilities: – Visa Debit Card (For CASA account)
•No issuance fee
•SMS alerts on ATM cash withdrawal and Internet Banking transaction
– Insurance Coverage
21. ASKARI ASAAN ACCOUNT
The AAA is accessible to unbanked/under banked
individuals.
No limitation to skilled/unskilled workforce, farmers,
laborers/daily wagers, women/housewives, self-
employed individuals, pensioners, young adults etc.
22. P&L ACCOUNT
1. Profit and Loss Sharing (PLS) Savings Account
Profit is payable on monthly average credit balance
held in the account.
24. SPECIAL DEPOSIT ACCOUNT
ASDA is well suited to the requirements of customers
who require undertaking frequent deposit and
withdrawal transactions in their accounts.
25. ELIGIBILITY
ASDA can be opened by individuals (either singly or
jointly), proprietorship concerns, partnership firms,
public and private limited companies (including
guarantee limited & single member companies),
government organizations, corporations, clubs,
societies, associations, NGOs/NPOs/charitable
organizations etc.
26. FEATURES
Minimum account opening balance of Rs.50,000
No minimum balance maintenance requirement
Profit calculated on the average monthly balance of
the account
Profit payments are subject to deduction of
withholding tax as per government rules
27. TDR
. Term Deposit Receipt (TDR)
TDRs are placed for a pre-specified fixed term and are mainly
distinguished on the basis of their tenor, profit payment
frequency, and applicable rate of return.
Askari Bank presently offers TDRs for the following tenors:
1 month
2 month
3 month
6 month
1 year
2 year
3 year
5 year
29. FEATURES
Profit on TDRs is paid on completion of its prescribed
term or pre-determined profit payments frequently
The rate of profit applicable after the end of each half-
year, ending on June 30 and December 31
Zakat & Ushr Ordinance of 1980
Tax deducted
30. PERSONAL FINANCE
Loan amount
Minimum limit Rs.50,000
Maximum limit Rs.500,000
Tenure
1 to 5 years
Age
21 to 60 years
Charges
As per Schedule bank
31. MARK UP
Segment Annual Mark-up
Armed Forces: 12 months Kibor + 1.5%
(upto 3 years)
12 months Kibor + 2%
(more than 3 years)
Branch Customers
(Salaried):
22%
Branch Customers
(SEB/SEP):
26%
Non Branch
Customers (Salaried):
24%
Non Branch
Customers (SEB/SEP):
28%