DEPOSIT SCHEMES

• IDBP SPECIAL DEPOSIT CERTIFICATES

• IDBP MAHANA AMADNI SCHEME

• Mahana Munafa Certificate

• Term Deposit Receipt

• Business Deposit Account

• Profit & Loss Saving Bank Account

• Current Account

IDBP is carrying out sustained efforts to devise customer-oriented banking services. Various deposit instruments suiting the diversified customers needs have been introduced by the Bank. The schemes offered take care of both short and long term requirements of the customers with varying investment funds and have been positioned in such a way that clients may enjoy the most competitive returns on their investments

The investment in IDBP’s deposit schemes is fully secured and guaranteed by Government of Pakistan under Nationalization Act 1974 (XIX of 1974) clause 4 and IDBP is an authorized bank vide Government notification No.F.6(4)BR-II/96-217 dated 17th March 1997 for the placement of surplus funds for all types of Government/Semi-Government and Autonomous Organizations.

IDBP MAHANA AMADNI SCHEME (MAS)***

• The minimum deposit limit is Rs.50,000/-

• There is no higher limit on purchase of certificates under this scheme.

• Maximum term of scheme is five years.

• Zakat and W.H.Tax are applicable according to law.

• Individuals, singly or jointly and the corporate bodies or firms and trusts may invest their funds under this scheme.

• Profit will be payable on the first of every month. In case the first is a holiday, profit will be paid on the next-working day.

IDBP SPECIAL DEPOSIT CERTIFICATES (SDC)***

• The Minimum Deposit Limit is Rs. 50,000/-.

• There is no higher limit on purchase of certificates under this scheme.

• Maximum term of scheme is five years.

• Zakat and W.H.Tax are applicable according to law.

• Individuals, singly or jointly and the corporate bodies or firms and trusts may invest their funds under this scheme.

• Profit will payable on bi-annual basis

     ***   In case of premature encashment profit will be paid as per schedule given below:-

Before 1 year	0%
After 1 year but before 2 years	1%
After 2 years but before 3 years	2%
After 3 years but before 4 years	3%
After 4 years but before 5 years	4%

  

MAHANA MUNAFA CERTIFICATE (MMC)

• The minimum deposit limit is Rs.100,000/-

• There is no higher limit on purchase of certificates under this scheme.

• Zakat and W.H.Tax are applicable according to law.

• Individuals, singly or jointly and the corporate bodies or firms and trusts may invest their funds under this scheme.

• Profit will be payable on the first of every month. In case the first is a holiday, profit will be paid on the next-working day.

TERM DEPOSIT RECEIPT (TDR)

Under this scheme the investors may place funds for a fixed period ranging from a minimum of one year to a maximum of three years.

The Minimum Deposit Limit is Rs. 100,000/-.

(For Muzaffarabad, Mirpur and Gilgit Min. Limit is Rs. 50,000)

BUSINES DEPOSIT ACCOUNT (BD A/c)

This is an attractive scheme best suited to organizations desiring liquidity with high returns.

• The Minimum Deposit Limit is Rs.100,000/-

• Multiple deposits and withdrawal are allowed.

• Profit is calculated on daily deposit.

• Profit is distributed on six monthly basis.

• Zakat and W.H.Tax are applicable according to law.

PROFIT AND LOSS SAVING BANK ACCOUNT (PLS A/c)

• Our profit on PLS saving bank account is comparable to the highest profit given by other NCB’s.

CURRENT ACCOUNT

• The Bank also offers facility for current account.

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