Basic banking account bba a bba specifically caters

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Basic Banking Account (BBA): A BBA specifically caters to the banking needs of students, pensioners and salary account of individuals with low incomes. BBA can be opened in Pak rupees only. pg. 38
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Eligibility A BBA can be opened by individuals belonging to the following categories: Low income salaried individuals Pensioners Students Features Minimum account opening deposit of Rs.1000 No minimum balance requirement. However, BBA which remains open with zero balance for a period of six consecutive months will be closed No maintenance fee Two free over-the-counter deposit transactions per month Two free cheque withdrawals per month. Unlimited free ATM withdrawals Annual statements of account BBA customers are facilitated and encouraged to convert their account to Askari AAsan Account or regular current/savings account Saving Account: 1. Profit and Loss Sharing (PLS) Savings Account: PLS savings account is characterized by the fact that profit is payable on monthly average credit  balance held in the account. Eligibility PLS savings accounts can be opened by individuals (either singly or jointly), proprietorship concerns, partnership firms, public and private limited companies (including guarantee limited & single member companies) government organizations, corporations, clubs, societies, associations, NGOs/NPOs/charitable organizations etc. Features (Pak rupee account) Features (foreign currency account) Account opening deposit of Rs.100. However, there is no account opening deposit requirement for customers falling under following categories:  Opened in USD, GBP, EUR,  JPY & AED pg. 39
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1. Mustahkeen of Zakat 2. Students 3. Government employees or those employed by semi-government institutions, and recipients of family pension/benevolent fund grant, for opening accounts for salary and pension purpose Visa Debit card I-Net banking Profit paid on a biannual basis based on the average monthly balance of  the account Profit payments are subject to deduction of withholding tax as per  government rules Minimum account opening  deposit of US$500 or equivalent Not subject to deduction of  Zakat Profit payments are subject to  deduction of withholding tax as per  government rules 2. Askari Special Deposit Account (ASDA): ASDA is well suited to the requirements of customers who require undertaking frequent deposit and withdrawal transactions in their accounts. Eligibility ASDA can be opened by individuals (either singly or jointly), proprietorship concerns, partnership firms, public and private limited companies (including guarantee limited & single member companies), government organizations, corporations, clubs, societies, associations, NGOs/NPOs/charitable organizations etc.
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