Time
Deposit/Term Deposit/Fixed Deposit:
These types of deposit accounts are aimed to
resource the long-time funds from the public, who may not have immediate cash
requirements. These deposits are accepted for a certain fixed time or term
which will be repayable after the expiry of the period so fixed. Since these
deposits remain in the bank for a longer time than the demand deposits for the
purpose of long term investments, Maiwand bank offers attractive interest rates
with more safety and security of the customer's funds.
Eligibility:
1. Accounts can be opened by individuals & joint
holders.
2. Proprietor, Partnership firms.
3. Private Public Limited Liability companies.
4. Education health institutes and any other
organizations.
5. Non-profit and Non-Government organizations,
clubs, societies and associations.
6. Minors below 18 years of age can open along with
their natural/legal guardian and the account could be operated by the guardian
only for the benefit of minors.
Documents
required:
1. For
Individuals
a. Customer identification (Tazkara / passport).
b. Business license.
Comments