Karachi: Silkbank launched innovative savings account that pays profit in cash on a daily basis. Silkbank Munafa Rozana, it offers high rate of daily profit, with withdrawal flexible. Customers get profit in their account every day, substantially increasing effective profit rate on their savings.
Profit is calculated, credited to customer’s account on a daily basis and they can access their funds, added profit at any time through cheque book, debit card, internet banking. Customers can earn profit as high as 9.5% depending on their account balance.
Sohail Bashir, Head of Branch Banking at Silkbank, said with rising inflation, it is essential to develop such products that can help customers get best out of their savings. “Munafa Rozana savings account is exclusive product designed to provide consumers profit in cash on a daily basis and offers them option to withdraw funds anytime. It is one-of-its-kind savings account in Pakistan. It benefits wider segment of market by giving daily cash profit on day to day cash flows, such as revenues from daily business operations, sale of property, etc.”