Khyber Friendly Scheme

Khyber Friendly Term Deposit

Eligible Customers:

  • Individuals including Widows and Senior Citizens
  • Sole Proprietorship / Partnership / Pvt. Limited Co. / Public Limited Co.
  • Government Organization (Federal / Provincial)
  • District Government / Local Government Organization
  • Trust / Club / Association / Society / Political Party / Charity / NGO / NPO
  • Public Sector Corporation / Autonomous Body
  • Accountholders of Foreign missions

Salient Features:

  • Nature of account is Long Term Deposit.
  • Instrument tenor is 5 years.
  • Expected rate of profit is different for each Year which will be fixed at the time of booking.
  • No limit for maximum deposit
  • The product is available in PKR only.
  • Profit payment on monthly basis to be credited to linked accounts.
  • Free ATM Facility.
  • Free SMS Service
  • Free online transactions.
  • Free Quarterly statement of account upon customer’s request
  • Premature encashment is allowed as per Bank policy.
  • All type of taxes on profit / withdrawal / zaka are applicable.

Additional Features:

  • Financing Facility will be available to the depositor upto 90% as per the rules for advances against deposits.

Requirement to Apply:

  • Opening of Current or Saving Bank Deposit account is mandatory for issuance of KFD Term Deposit, thereof, on the basis of deposit account.

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