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As per SBP prudential communicated via BPD circular No.30, Faysal Bank has introduced the Basic Banking Account (BBA) to cater the needs of low income groups having the following features.
Features:
- Account can be opened with Rs. 1000/.
- No requirement for maintaining a minimum balance
- Maximum of two free deposits and withdrawals are allowed in a month.
- Free of charge statement of account for customers once a year. In case more statements are required than standard charges would be applicable.
- Free ATM transactions on Faysal Bank ATM machines. However charges would apply on non Faysal Bank ATM machines as per SOC.
Note: Dormant accounts with nil balance for 6 months to be closed as per procedure.
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