Branch Banking 2

7/31/2019 Branch Banking 2

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BRANCH BANKINGAskari Bank has a widespread presence across Pakistan catering to the needs of customers from all walks of life. We

have branches in all major cities, cantonments and smaller cities, an extensive network made up of Conventional,

Islamic as well as Agricultural Branches. At Askari Bank we aim to provide our customers with a wide array of

products and services catering to all their banking needs in the form of Commercial, Consumer, Agricultural,

Islamic and Corporate Banking.

We provide comprehensive product menu range of innovative saving schemes in the form of Term Deposits and

Saving accounts with competitive profit rates and financing options that provide convenient and flexible banking

solutions to our valued customers, coupled with superior services by our friendly staff in order to give them an

excellent banking experience.We at Askari Bank welcome you to Ask Us for all your financial needs with a

promise to deliver.

Products Of Branch Banking

Askari Mahana Bachat Account:Askari Mahana Bachat Account is a Term Deposit designed for individual customer with a short to medium term

investment appetite. It offers customers the option of investing for 1 or 3 Year tenures and has been designed

keeping in view savings needs of customers who want profit on a monthly basis. With competitive rates of return

paid monthly on the 1st of every month and the option of getting a financing facility up to 90% the Askari Mahana

Bachat Account caters to your saving needs without blocking your funds for a longer duration. Some of the salient

features of the account are mentioned below:

ASKARI MAHANA BACHAT T ERM DEPOSIT

Features Details

Balance Requirement:Minimum Rs. 50,000/- & Maximum Up to Rs.10,000,000/- (In multiples of Rs.

25,000/-).

Tenure: 1 & 3 Years.

Profit Amount:

Earn Rs. 758/- per month on investment of every Rs. 100,000/- for one year!" .

Earn Rs. 833/- per month on investment of every Rs. 100,000/- for three years! .

Profit Payment: Monthly - 1st of every month.

Expected Rate of Return:1 Year Term: 9.10% p.a.


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3 Years Term: 10.00% p.a.

Financing Limits: Up to 90% of the principal amount.

Additional Benefits:

Issuance of Free ATM/Visa Debit Card for associated checking account which automatically makes the customer

eligible for Accidental Death Insurance of Rs.500,000/-) However annual/replacement charges shall be applicable as

per SOC.

Issuance of 2 Free Pay Orders from associated checking account in a month. (excluding FED & Withholding Tax).

No minimum Balance Requirement for checking account.

Askari Paishgi Munafa AccountAskari Paishgi Munafa Account is a unique term deposit designed to meet the immediate financial needs of

Individual investors who want to invest funds for a medium term. Now you dont have to wait the entire term to

receive your profit. The most significant feature of this product is that the customer receives the entire profit upfront

at the time of placement. So you can fulfill your financial needs today without depleting your savings. Salient

features of the account are mentioned below:

ASKARI PAISHGI MUNAFA TERM DEPOSIT

Features Details

Minimum Amount: Rs. 100,000/- or in multiples of Rs. 100,000/-.

Profit Amount: Rs. 11,000/- on a deposit amount of Rs. 100,000/- (expected rate of return 8.80% p.a)

Tenure: 15 Months.

All profits payable are subject to applicable Zakat and Govt. levies and changes in the Banks policies from time to time.

Value Plus Current AccountAskari Bank adds value to your life. Whether you are an individual or an organization

(SME/Commercial/Corporate), Askari Value Plus Current Account promises you amazing benefits and free facilities

to meet your ever growing financial needs on individual and organizational levels.


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That's why Askari Value plus is Not Just another Plus!

VALUE PLUS CURRENT ACCOUNT

FOR INDIVIDUALS

Features Details

Opening Balance Requirements: Rs. 25,000/-

Minimum Monthly Average

Balance Requirements:

Rs. 25,000/-*

(In case of short fall in the minimum balance requirement, service charges for

free services being offered will be charged as per prevailing Schedule of

Charges.)

Value Plus Saving DepositAskari Bank leads the way, yet again with the introduction of Askari Value Plus Rupee Deposit Accounts, which

promise greater financial freedom and security, in an un-matched way.

VALUE PLUS SAVING ACCOUNT

Features Details

Types of Value Plus Account:

1- Saving Account.

2- Time Deposits

Account.

Expected Rate of Return:

Saving Account: 6% p.a.

Time Deposits:Three

Months6% p.a.
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(Min.deposit.Rs. 25,000.00)Six Months6.50% p.a. one year 7%

Investment CertificatesAskari Bank's Investment Certificates not only provide the added security, investment and monthly return to the

customers, these certificates are negotiable and can be transferred to third party. Investment Certificates can be

issued for a period of 3 months and profit is payable on monthly basis through pre-printed tear-off coupons.

INVESTMENT CERTIFICATES

Features Details

Tenure: Three Months

Expected Rate of

Return:

First Month6.00%

p.a.

Second Month6.10%

p.a.

Third Month6.25%

p.a.

Askari Rupee Traveler ChequesAskari Bank Limited has always remained at forefront in introducing innovative and unique products in banking

sector. Our financial instruments provide greater financial freedom and security in an unmatched way to our valued

customers. Askari Bank offers you its "Rupee Traveler Cheques" eliminating all financial risks while traveling. So

avoid risk of carrying cash through Askari Bank's Rupee Traveler Cheques

RUPEE TRAVELERS CHEQUES

Denominations Rs. 10,000/-.


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Processing

Issuance

Desirous customer will submit the Application Form (duly filled/ signed) in any branch of

Askari Bank Limited.

After verification, branch will forward the form to Investment Products Unit.

IPU will keep the record of the customer and system will automatically update that customers

transaction.

Encashment

Original purchaser will approach the nearest branch.

Purchaser will sign RTC on the face and branch will verify his signatures with the signature

mentioned on CNIC before encashment of the same.

Charges Refund processing charges are Rs. 1,000/- and Issuance/Encashment are free.

Commission Rs. 30 per RTC on holding the same for 30 days or more.

With Holding

Tax0.3% on Issuance & Encashment in excess of Rs. 25,000/-

CONSUMER BANKING

Consumer Banking Services Divisions products and services mainly

comprise auto finance, personal finance, mortgage finance, smart cash,

Askari Credit Cards (Master Card), Corporate Credit Cards, Zarai

Credit Cards and i-Net Banking (Internet Banking Service).

Our consumer finance is focused on expanding target market and

enhancing our portfolio through new and improved initiatives and

products. In view of the recent phenomena of inflation and changes in

interest rates, our Consumer Banking has adopted a selective approach

for fresh lending and is focused on containing the growth of problem

loans and improving recovery efforts and internal controls.

Overview:

Commercial Financing:

Mortgage finance: Loan is issued by mortgaging house or any other property with their proper

documentation. Interest as set by KIBOR. Tenure is of 20 year and maximum amount is 30 million.


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Personal finance: it is salary based to army person or civilians but interest raet is different for both.

Maximum amount is 500000. For army interest rate is 13 and for Govt permanent employees the rate is

21 and employess who are on contract, the rate is 24. Tenure is 5 years.

Auto finance: it is finances related to vehicles, automobiles etc. its tenure is 7years and 17% rate for

army officers. For other people, for 5 year interest rate is 20%, for 3 years 18% and for 4 years 19%.There is no financing for used vehicles.

Credit cards: Interest rate for credit cards in case of army is 1.83, askari staff 1.25 and others have

interest rate of 3.20.

Products Of Consumer Banking:

Ask For Car

ASK 4 CAR

Features Details

Mark-up: 18% p.a for 3 Years, 19% p.a for 4 Years & 20% p.a for 5 Years.

Down Payment: Minimum 15% & Maximum 60%.

Mark-up: 20% p.a for 3 Years, 21% p.a for 4 Years.

Down Payment: Minimum 30% & Maximum 60%.

PERSONAL FINANCEOne can avail unlimited opportunities through Askari Banks Personal Finance. With unmatched financing features

in terms of loan amount, paybackperiod and most affordable monthly installments, Askari Banks Personal Finance

makes sure that you get the most out of your loan. No matter what your need is, Askari Bank has more ways to serveyou than ever before.

PERSONAL FINANCE

Features Details


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Salary/ Income: Rs. 30,000/-per month.

Employment Status: 1 Year.

Debt Burden: Maximum 50% of the net disposable income.

Credit Limit:Upto Maximum of Rs. 500,000/- (Subject to maximum of 50% DBR & Industry

benchmark is maximum Rs. 1.000 M).

Tenure: 1 - 5 years.

Mark up : Secured Salaried: 19% p.a.

Mark up : Unsecured Salaried: 21% p.a & Contract Employees 24.2% p.a.

Mortgage FinanceEver since the inception of life, shelter has been rated among the primary needs of mankind. Owning a home for

oneself still remains an exclusive dream for many. Askari Bank has made the realization of your dream to have a

house of your very own possible. Whether you plan to build a house, tailor made to your requirements or buy a

constructed house, Askari Mortgage Finance enables you to pursue your goal without any problems. Mortgage is a

premium home financing product for customers aged between 23 65 years belonging to the upper, upper middle

and middle income groups, residing in the urban areas of Pakistan

Purpose of Loan:

Purchase of Plot + Construction.

Construction on Existing Plot.

Purchase of House/ Apartment.

Renovation of House/ Apartment.

Balance Transfer Facility.

ASK Card(Askari Debit Card)

VISA DEBIT CARD

Features Details


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Classic Cash withdrawal Limit is 50,000, Shopping Limit 200,000 & Funds Transfer Limit 250,000.

Gold Cash withdrawal Limit is 100,000, Shopping Limit 250,000 & Funds Transfer Limit 300,000.

Validity Five (05) Years. ( New card will only be issued on customers written request ).

Master Card

CREDIT CARD

Features Details

Age:

Basic Supplementary

Salaried: 21-61 years. Min 18 Yrs.- No Max Age limit.

SEB/SEP: 21- 65 years. Min 18 Yrs.- No Max Age limit.

Salary/ Income

per Month:

Approved Cat.

Silver Gold

Perm. Cont. Perm. Cont.

A 30,000/- 35,000/- 50,000/- 60,000/-

B 30,000/- 35,000/- 50,000/- 60,000/-

C 35,000/- 38,000/- 55,000/- 70,000/-

NAC 40,000/- 45,000/- 60,000/- 80,500/-

SEB/SEPAvg. Bal. Rs. 30,000/- 119,999/- (For

last 6 mth. statement).

Avg. Bal. Rs. 120,000/- 400,000/- (For

last 6 months bank statement).


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Platinum Card

Salaried Businessman.

150,000/- 200,000/-

Employment

Status:Salaried: 1 year & SEB: 1 year.

Mark-up Rates:

Salaried SEB/SEP

Basic/Supply. 3.2% per month.3.45% per

month.

Balance

Transfer.2.15% per month.

2.15% per

month.

CORPORATE & INVESTMENT BANKING GROUPAt Askari Bank, we understand the unique business requirements of our corporate and institutional clients, and

accordingly the Corporate and Investment Banking Group (CIBG) strives to meet their expectations through

provision of customized and relationship based banking approach. CIBG approach to provision of Askari Banks

comprehensive and integrated, multi-product services is based upon a client-centric and distribution-focused

business model, supported by a culture that prioritizes client relationships and economic returns

CORPORATE BANKING DIVISIONThe Corporate Banking Division (CBD) works on a long-term relationship based business model to provide a single

point within the bank for meeting all business requirements of its corporate and institutional customers, including

public sector enterprises, with the primary objective of enhancing customer service. CBD operates through threefocused Corporate Centers/Regions in Karachi, Lahore and Islamabad, staffed by a highly professional relationship

management team comprising of qualified and industry experienced individuals. Each region is also supported by a

dedicated Corporate Branch geared towards providing a one-stop solution to all branch banking needs including

cash management, of its institutional clients.

At Askari Banks Corporate Banking Division, we remain committed to providing you with innovative and

integrated financial solutions to all your day to day and one time financing needs, as well as offering various

products and services to maximize returns on your investments.


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Dedicated relationship managers for each of our corporate clients ensure your satisfaction, which is our top priority.

Our relationship oriented outlook focuses upon providing a complete array of tailored financing solutions, that are

practical and cost effective, some of which include:

Working Capital Facilities Term Loans Structured Trade Finance Facilities Letters of Guarantee Letters of Credit Fund Transfers / Remittances Bill Discounting Export Financing Receivable Discounting

INVESTMENT BANKING DIVISIONThe Investment Banking Division (IBD) at Askari focuses on origination and execution of a full range of financial

advisory and capital raising services to corporate and institutional clients as well as actively managing the banks

proprietary investments in the local equity and debt capital markets.

Whether your company is seeking to access the local or cross border syndications and debt capital markets, project

financing needs, advisory services related to M&A or the local equity capital markets for raising capital, we are well

positioned to provide due assistance. We can create and tailor the right structured solutions for your business needs

in order to enhance shareholders wealth and your market competitiveness

Operating through three distinct units primarily Syndications & Debt Capital Markets, Project Finance & Advisory

and Capital Markets, IBD offers various and tailored financial solutions including debt syndications, project finance

and advisory services, debt placements through capital markets as well as structured trade finance facilities, and also

complements the banks corporate debt and equity product capability through a full service Capital Markets desk

dealing with the banks proprietary equity portfolio, CFS (Margin) financing and participating/underwriting primary

equity issues.

Our investment banking team consists of highly qualified and experienced individuals from the local and

international financial markets, ably supported by over 30 relationship managers out of 3 regions in the country,

with well established execution experience and distribution capability.

ISLAMIC BANKING SERVICESAskari Bank Limited - Islamic Banking opens the doors for Halal banking solutions. Our objective is to put in

place an efficient banking system supportive to economic justice and welfare of society in line

with Shariah standards.


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The Bank has expanded its Islamic Banking network to 29 branches and 02 sub-branches in the major cities of

Pakistan, covering the Capital and the four provinces. Further expansion is planned with improved capabilities for

offering products conforming to Shariah principles.

All Islamic Banking Products are approved by the Shariah Advisor of the Bank. As per Shariah requirements, funds

and products of Islamic Banking are managed separately from the Conventional banking side. All funds obtained,

invested and shared in Halal Modes & Investments, under the supervision of Shariah Advisor.

Shariah AdvisorAn eminent scholar and recipient of the Presidents Medal for Pride of performance, Prof. Dr. Mohammad Tahir

Mansoori, has been appointed as the Shariah Advisor of the Bank. Dr. Mansoori holds Moulvi Alim and Moulvi

Fazil degree from Dar ul-uloom Mansoorah, and PhD in Islamic Studies from International Islamic University,

Islamabad. He is the author of numerous publications which include Madkhal -al-Masrafi an introduction on

Islamic Banking in Arabic, and Islamic Law of Contracts and Business Transactions, is published in English.

Askari Islamic Deposit Products:Askari Islamic Banking constantly and consistently strives to develop new Islamic Banking Deposit Products to

cater to ever growing needs of its customers. Our Deposit Products menu card includes the following:

AHSAN: Askari Halal Saving and Notice Account, monthly profit payment.

AHSAN Munafa: Monthly profit payment on daily product basis

AHIA:AskariHalal Investment Accounts- certificates of investment with monthly, quarterly, six monthly and at

maturity profit payment options. Customers may opt to invest funds in AKIDA, AITQAD and AHCAMM.

For detailed information about our deposit products, please visit the nearestIslamic Banking Branch.

Askari Islamic Consumer Products:Askari Ijarah Bis Sayarah for new / used car financing &

Askari Home Musharakahto buy, build and renovate home.

For detailed information about our consumer products, please visit the nearest Islamic Banking Branch

Islamic Corporate & Structured Finance:We are also offering tailor made Islamic Corporate & Structured Finance solutions to our corporate clients to meet

their financial needs. Our products are very competitive, professionally serviced and in accordance with principles

of Shariah.

Product Of Islamic Banking

ASKARI IJARAH BIS SAYYARAH

(IJARAH CAR FINANCING)
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Features Details

What is Ijarah?

Ijarah is a rental agreement, under which the usufructs of an asset is transferred to the client on

pre-agreed terms and conditions. It is a Shariah Compliant mode of finance, adopted by Askari

Islamic Banking to meet the Car Financing needs of its valued customers.

Why Askari Ijarah

Bis Sayyarah?

We are Shariah Compliant and market competitive. Askari Islamic Banking deals in all kinds of

new, locally assembled, as well as imported vehicles. Terms and conditions we offer are most

flexible, with prompt processing time. Moreover,in order to enhance customers convenience, we

offer family income evaluation plan, where our valued clients can also avail Ijarah Bis Sayyarah

facility for more than one vehicle.

What are the

respective roles of

both parties under

Ijarah?

In Ijarah, as Bank is the owner of the vehicle and only transfers its usufruct to the customer,

hence, customer is responsible for any risks and liabilities attached to the usage of the vehicle,

while risks relating to ownership remain with the Bank throughout the Ijarah period.

# Description Responsibility

1. Expenses related to ownership Bank

2. Expenses related to use of asset Client

3. Risk associated with ownership Bank

4. Risks associated with use of asset Client

5. Third party liability in case of accident Client

6. Expenses and risks associated with ownership but caused due to

gross negligence

Client

When does the rental

start is Askari Ijarah

Bis Sayyarah?

As Ijarah, by definition, is rental paid for the usufruct of an asset hence, rental payment always

starts with delivery of the vehicle to the user, unlike conventional lease, where lease installments

start right after the payment to the vendor by the lessor.

Is there any penalty

involved if one failsto pay the Rental on

time?

In Ijarah, nominal additional charges are taken by the Bank due to any delay in rental

installment(s) by the customer, which are used for charity purposes, rather than going into the

income of the Bank, as it is done in the case of conventional lease. This concept of charging

penalty is approved by the contemporary Shariah Scholars to allow the Banks to safeguard

themselves against the habitual defaulters.

Does Askari Islamic

Banking charge

It is a requirement of the State Bank of Pakistan for auto finance / leasing institutions to insure

the leased vehicle(s). Hence, we are bound to charge Takaful/ Insurance, which is within the


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Takaful/ Insurance? rental installments, throughout the Ijarah period.

What if any mishap

happens to the

Vehicle?

If the vehicle is stolen or destroyed in any mishap, unlike conventional lease, Ijarah rentals will

not be charged, and security is refundable in this case. However, this is subject to there being no

misconduct, or negligence, on part of the client.

How the client

becomes owner of

the Vehicle?

Once the client successfully repays the whole Ijarah rental, Bank gives him / her the opinion to

become the owner of the vehicle, against the security already deposited with Askari Islamic

Banking.

Askari Home MusharakahEveryone wants to live in the best place that is comfortably affordable. This means being able to cope with other

financial commitment, while still having money left over for extras and unexpected expenses. Askari Islamic

Banking is pleased to offer Shariah Compliant Home Financing. We facilitate you to Purchase, Construct, Improve

and Transfer of the property through Diminishing Musharakah.

ASKARI HOME MUSHARAKAH

(MUSHARAKAH HOME FINANCE)

Features Details

Askari Home

Musharakah: How it

Works?

Joint ownership is created in the property between Bank & Customer on the basis of the

Musharakah Agreement. (This is bases on the principles of Shirkat ul Milk).

Banks share is divided into units and is given to the client on rent.

Client promises to purchase Banks share (units) over the tenure of transaction.

Client purchases the units every month and will eventually become the owner of the

property.

Rental amount will be adjusted according to the banks share (units) remaining in the

property.

Askari Home Musharakah has tailor made solutions to meet your needs.

Askari Home

Musharakah Purchase

Askari Islamic Banking offers a convenient and easy way to buy your own home, with a

financing of 85% of the property cost, upto Rs. 50 Million.*

*other terms apply.


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Askari Home

Musharakah Transfer

Just switch your existing interest based mortgage to Askari Islamic Banking by getting

advantage of our Askari Home Musharakah Transfer Facility, with peace of mind of

having halal transaction.

Branch Banking 2

Documents

Transcript of Branch Banking 2