TYPES OF ACCOUNTS AND DOCUMENTS REQUIRED BY BANK
- 1. TYPES OF ACCOUNTS IN COMMERCIAL BANK Savings accounts: The savings account has been intended to individuals put something aside for their future budgetary necessities. Under this record, the bank gives free ATM cum plastic. The rate of intrigue is intensified half yearly under this record. Then again, funds in addition to record give the office of bank account alongside term store account. Any surplus supports in the record surpassing as far as possible, for a base measure of Rs.10, 000 and in different of Rs.1000 in any one example, is exchanged as term store and wins enthusiasm as pertinent to term stores. Current accounts: Non interest-bearing bank account which allows the account holder to write checks against the funds in the account. Individuals, public and private limited companies, partnership firms, and trusts. Overdraft facility is a short-term credit instrument to secure the liquidity you need for your operational business @1.5% p.a. Fixed deposits/ Term deposits: Higher financial gain on surplus funds. Bank offers flexibility in an amount from fifteen days to ten years. Against your fastened deposit you will take loan/overdraft thought your pressing monetary demand. It will be opened with a nominal quantity of Rs. 1000. Recurring deposits: To allows the customer to save small amounts of money with bank every month. Aimed at people with high expenditure in a month. Modest interest paid for the amount saved, quarterly, half yearly or annually. DOCUMENTS REQUIRED BY THE BANKS
- 2. Saving account: Copyof CNIC Copyof PassportforforeignerdulyattestedbyConsulate Office of Pakistan Copyof NICOPforNon-ResidentPakistan Address verification document obtained like utility bills, bank statements etc. Signature Scanned Letterhead Copyof National tax number Businessstamp Copyof Salaryslip Current account: Copyof CNIC Copyof PassportforforeignerdulyattestedbyConsulate Office of Pakistan Copyof NICOPforNon-ResidentPakistan Address verification document obtained like utility bills, bank statements etc. Signature Scanned Letterhead Copyof National tax number Businessstamp Copyof Salaryslip Fixed deposit account: Copyof CNIC Copyof PassportforforeignerdulyattestedbyConsulate Office of Pakistan Copyof NICOPforNon-ResidentPakistan Address verification document obtained like utility bills, bank statements etc. Signature Scanned Letterhead Copyof National tax number Businessstamp Copyof Salaryslip Joint account: Copyof CNIC
- 3. Copyof PassportforforeignerdulyattestedbyConsulate Office of Pakistan Copyof NICOPforNon-ResidentPakistan Address verification document obtained like utility bills, bank statements etc. Signature Scanned Letterhead Copyof National tax number Businessstamp Copyof Salaryslip Salary account: Copyof CNIC Copyof PassportforforeignerdulyattestedbyConsulate Office of Pakistan Copyof NICOPforNon-ResidentPakistan Address verification document obtained like utility bills, bank statements etc. Signature Scanned Letterhead Copyof National tax number Businessstamp Copyof Salaryslip