Types of Accounts

Following are the main types of accounts:

1) Individual Account

2) Joint Account

3) Accounts of Special Types

Partnership account

Joint stock company account

Accounts of clubs, societies and associations

Agents account

Trust account

Executors and administrators accounts

Pak rupee non-resident accounts

Foreign currency account

Accounts of Silk Bank

Current Account

Online Express

BVA (Business Value Account)

BBA (Basic Banking Account)

All in One Account

Savings Account

PLS Account

Super Saver Account

Foreign Currency Account

Current Account: Online Express Account:

You can enjoy real time online access to your current account across the

bank’s fast growing network of 85 online branches in 32 cities of Pakistan.

With Silk bank Online Express you can now enjoy complete online

banking solutions, all under one roof. And that’s not all; your Online

Express account opens the doors of the world for you with the power of

the Silk bank VISA Debit Card.

BVA Account:

Silk bank Business Value Account is a current account that brings respect

and recognition to your business. Get free cheque books and pay orders,

do intercity transactions and stay in touch with your funds through SMS

alerts & E-Statements. Silk bank Business Value Account also protects

your business inventory and cash withdrawals from the bank - all of this

absolutely free.

You can get free banking facilities By BVA Account such as:

o Free Cheque Books

o Free Pay Orders & Demand Drafts

o Intercity Transactions- Free of Charge

It also gives you protection benefits like as:

o Protect Your Business Inventory

o Worry-free Cash Withdrawals

Monthly Average Balance Sum Insured

Rs. 500 - Rs. 99,999.99 Rs. 200,000

Rs. 100,000 - Rs. 249,999.99 Rs. 500,000

Rs. 250,000 - Rs. 499,999.99 Rs. 1,000,000

Rs. 500,000 - Rs. 1,499,999.99 Rs. 2,500,000

Rs. 1,500,000 - Rs. 2,499,999.99 Rs. 5,000,000

Rs. 2,500,000 and Above Rs. 10,000,000

BBA Account:

Now you can open your account with us with no minimum balance

requirement, with only Rs.1, 000.

Two deposit transactions and two cheque withdrawals are allowed,

free of charge, per month. Bank will charge Rs.100/- per

transaction over and above the allowed free transactions.

ATM withdrawals from all Silk bank ATMs free. In case of

withdrawal from BBA through the ATM machines of other banks,

Switch charges will apply in accordance with Schedule of charges.

In case where balance in BBA remains ‘nil’ for continuous six-

month period, the account will be closed.

All in One Account:

Silk bank All-in-One Account provides you the ultimate security and

protection, amazing banking facilities and much more convenience all

absolutely free like as:

o Unmatched Auto- Insurance Benefits!

You can now avail an unbeatable auto-insurance rate as low as

2.5%, offered exclusively for Silk bank All-in-One customers!

o Worry-free Cash Withdrawals

Liberate yourself from the fear of being robbed of your cash. Silk

bank All-in-One Account provides you free snatching and holdup

cover of up to Rs.25, 000 per annum for ATM and over-the-

counter cash withdrawals across Pakistan.

o Use Your Mobile Phone Without Fear

Free yourself from the insecurity of having your mobile snatched.

Silk bank All-in-One Account provides you free cover of Rs.5, 000

for mobile snatching. This facility can be utilized once a year. Silk

bank All-in-One Account provides you free cover of Rs.5, 000 for

theft or loss of your vital documents. This coverage can be utilized

once a year and is designed to reimburse you for the cost of re-

issuance of these documents.

o Liberate Yourself From the Fear of Home Burglary

Feel protected at home with Silk bank All-in-One Account. Your

account provides you free cover for burglary of your house

valuables up to Rs.100, 000.

Saving Accounts:

PLS Account:

Through your Silk bank Savings PLS account, you can now avail the

benefits of a Savings Account with the convenience of a Current Account:

o Profit paid out twice a year

o Monthly Profit of 5% on all Tiers

o VISA Debit Card

o Profit calculated on minimum balance every month

o Can be operated by Individuals or Companies

o Minimum balance requirement is Rs.50,000

Super Saver Account:

Open your Silk bank Super Saver account today to enjoy high profit every

month:

o Highest returns

o VISA Debit Card

o Higher the deposit, higher the returns

o Profit calculated on Daily Product Basis

o Can be operated by Individuals or Companies

o Profit is payable monthly

Foreign Currency Account:

Invest in our Foreign Currency Account to earn remarkable profits twice a year:

o Profit calculated on the minimum balance during the month

o Profit credited after every 6 months

o Can be operated by Individual or Companies

New Accounts of Silk Bank

Salary Premium Account

Ready Line

Foree Transfer

Munafa Rozana

IBFT (Inter Bank Fund Transfer)

Salary Premium Account:

Silk bank’s Salary Premium Account is an exceptional current account

that offers additional perks with your salary.

Hassle Free Salary Processing

Every month, your salary will be disbursed in your Silk bank Salary

Premium Account as soon as we receive instructions from your employer.

You can access your salary through your cheque book or through any

ATM in Pakistan via your Silk bank Visa Debit Card.

Worry-free Cash Withdrawals

Liberate yourself from the fear of being robbed of your cash. Silk bank

Salary Premium Account provides you free snatching and holdup

coverage of up to Rs. 25,000 per annum for ATM and over-the-counter

cash withdrawals across Pakistan.

Unmatched Auto-Insurance Benefits

You can now avail an unbeatable auto-insurance rate as low as 2.5%,

offered exclusively for Silk bank Salary Premium Account customers.

Ready Line:

The Silk Bank consumer team proudly announces the mass launch of Silk

Bank Ready Line, our third initiative of the consumer banking division,

Silk Bank Ready Line is an unsecured revolving credit facility for

individuals designed to upgrade their lifestyle or meet immediate cash

needs.

The product is now available for customers in Karachi, Lahore, Rawalpindi,

Islamabad and Gujranwala. As communicated earlier, Silk Bank Ready Line

offers the following benefits to its valued customers:

o Loan amount of up to PKR 2 Million.

o Empowerment to manage funds on a day to day basis. Use your loan account

at your discretion and pay mark up on utilized amount only.

o Get enhancement and pay lower mark up on your outstanding by transferring

your credit cards and other unsecured loans to Silk Bank.

o No pre-payment penalty on partial adjustment or full settlement monthly re-

payments comprise of mark up for the number of days it is being utilized

plus only 1.5% of principal outstanding.

o Consolidate debt be transferring any outstanding amount from other bank’s

credit cards, revolving credit and personal loans.

o Get a flash loan for needs such as travel, weddings, education, upgrading

lifestyles and a lot more.

Foree Trasfer:

Silk Foree Transfer is launched in line with Pakistan Remittance initiative

(PRI) which is a joint initiative of State Bank of Pakistan, Ministry of

finance and minister of overseas Pakistanis. The initiative was launched

on August 22. 2009 to achieve the following key objectives:

o To facilitate the flow of remittance sent home by non-resident

Pakistanis through fast, transparent, reliable and efficient banking

service.

o To encourage Pakistan’s migrant to use banking channel for home

remittance.

o National cause of formalizing remittance market in Pakistan.

Munafa Rozana:

Introducing Silk bank’s Munafa Rozana Account - the only savings

account in Pakistan that pays profit in cash, DAILY! With Silk bank

Munafa Rozana, profit on your funds is calculated and paid out into your

account, daily.

PROFIT PAYMENT DAILY!

Silk bank Munafa Rozana is a unique account that offers cash DAILY.

Earn profit on your ever-increasing balances day after day, significantly

increasing the effective rate of return on your savings! You can also

withdraw your profit DAILY of whenever you want.

HIGHER THE DEPOSIT, HIGHER THE PROFIT

With Silk bank Munafa Rozana Account, your profit is calculated DAILY based on the

applicable profit rate on your deposit. Our tier-based rates allow you to enjoy higher profit rates

on higher deposits, giving you the opportunity to earn up to 9.5% profit per annum.

IBFT

(Inter Bank Fund Transfer):

The interbank funds transfer is a service conceived by 1link to facilitate

online inter-bank payments on a real-time basis between the customers of

participating member banks. The product enables the cards holders of

1link member banks to transfer funds from their accounts to any

beneficiary of a member bank on the 1link network across the country.

Profit RatesTiers Rates

Rs.0 to Rs.2mn 5.00%Rs.2m to Rs.5mn 5.50%Rs.5 to Rs.10mn 6.50%Rs.10 to Rs.20mn 7.75%Rs.20 to Rs.30mn 8.00%Rs.30 to Rs.50mn 9.00%

Rs.50mn and above 9.50%