Community Banking

NIB Perfect



NIB Perfect is a term deposit product with an annual expected rate of return pegged to the monthly KIBOR. The rate will be revised on the 1st of every month; the rate of return prevalent that month will be the average of the last month’s KIBOR. For example the rate of return for the month of December will be the average of November’s KIBOR.

Product Features

Minimum Amount: Rs. 5,000,000
Maximum Amount: Rs. 10,000,000
Tenor: 12 months*
* Profit payment will be made monthly

Eligibility
Resident and non-Resident Pakistanis only.
Time Deposit - Premature Encashment

In case of any request for premature/ early termination of the NIB Perfect TERM DEPOSIT, the processing for termination may take up to five (5) working days from the date of request for early termination. In case of premature encashment, the applicable rate of expected profit to be paid to the depositor shall be calculated on the basis given as below:

Premature Encashment – 5% annual
Any adjustment required to arrive at applicable rate of expected pre-mature encashment profit may be made from the accrued profit and/or principal amount of the NIB Prime TERM DEPOSIT in the event that the available cash in the customer account is less than the required adjustment amount.

*Profit payment will be made monthly. Zakat and withholding tax will be deducted as per regulations. Religious and Government exemptions are also applicable