Bachat account is a kind of remunerative account offered to Customers with small savings and looking for a Halal return on their deposits. It is based on Shari’ah principle of Mudarabah where the depositor acts as an Investor (Rabb-ul-Maal) and bank acts as the Manager (Mudarib) of the funds deposited by the customers. It also offers wide range of services to cater the banking needs of the customer.
Features
Account Type
Savings
Eligibility
Individuals, Sole Proprietors, SEs and MEs, Corporate and Commercial Entities, Trusts, Clubs and Societies.
Initial Deposit
Rs. 100/-
Minimum Balance
No requirement
Transactions
Unlimited Deposit & Withdrawals
Profit Calculation
Daily balance
Profit Payment
Monthly
Facilities
- Free Internet banking
- Free Mobile banking
- Free E-Statements
- Soneri Debit Card
- Personalized cheque book
- Online banking
- SMS alerts
- Duplicate Statements
- Other facilities are also available as per prevailing Soneri Mustaqeem Islamic Banking schedule of charges
Note:
PayPak Debit Card is the first option. However, as a second choice Master Debit Card can also be issued against charges as per the bank’s prevailing Islamic Banking SOC.
Kindly refer relevant product KFS/ Islamic SOC for updated product features/ facilities.
Historical Profit Rates
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