Faysal Bank takes pride in providing the first of its kind online trading platform “Faysal – Self invest” wherein our Faysal digibank customers have the opportunity to manage their own Government of Pakistan Securities portfolio with Faysal Bank. Faysal – Self Invest enables customers to experience end to end process of Investors Portfolio Securities services from IPS account opening to transacting in Government Securities on real time basis.
Investors Portfolio Securities account can be instantly created by Faysal Bank customers via Faysal – Self Invest through following easy steps:
Manage your funds by making wise choices available on Faysal – Self Invest which provides you the opportunity to invest your funds in Government Securities i.e. T-Bills, PIBs and Ijara Sukuks through primary and the secondary market. Enjoy making investment decisions and experience hassle free instant transactions 24/7.
Meet your financial needs anywhere anytime. Through Faysal –Self Invest you can liquidate your investments as per your requirements i.e. draw a portion as desired and let the rest be invested thus maximize your returns.
There are mainly three types of securities that are offered by the Government of Pakistan
T-Bills are negotiable, discounted and highly liquid instruments of Government of Pakistan.
T-Bills have a maturity of 3 months, 6 months and 1 year
PIBs are marketable securities with the maturity period of three, five, ten and twenty years. Profit on these bonds is paid through fixed & semi- annually coupons
Sukuk are asset backed, stable income, tradeable and Shariah compatible trust certificates. Profit is paid through floating and semi-annual coupons
Click on the following links for Investors Guidelines by State Bank of Pakistan
http://www.sbp.org.pk/dmmd/Guidelines/MTB.pdf
http://www.sbp.org.pk/dmmd/Guidelines/PIB.pdf
http://www.sbp.org.pk/dmmd/Guidelines/Sukuk.pdf
Are the rates offered on Faysal – Self Invest market competitive?
The rates are based on Pakistan Revaluation rates known as PKRV which is average of the yield to maturity on government securities traded in the secondary market and determined at the end of day by SBP.
Click on the following link for latest PKRV rates
http://fma.com.pk/index.php/pkrv/
IPS accounts enable customers to maintain custody of their Pak Rupee Government securities with banks.
Investors Portfolio Securities account can be instantly generated by Faysal Bank customers via Faysal – Self Invest.
Steps:
Yes, IPS account can be created against each Current account/ Saving account.
No, instrument can only be held in own IPS and can only be liquidated in the CASA account tagged against the IPS account.
T-Bills – Minimum Transaction limit is 5,000/- and multiple of 5,000/-
PIBs – Minimum Transaction limit 100,000/- and multiple of 100,000/-
Sukuk – Minimum Transaction limit is 100,000/- and multiple of 100,000/-
As per Bank’s Schedule of Charges which currently are Pak Rupee 500/- per transaction plus applicable fed.
Withholding Tax will be deducted at source as per the existing law and will be borne by the bearer of the securities.
You can always log into Faysal digibank Internet Banking and check the details of transactions being performed in “My IPS Activity”
Yes, detailed IPS account statement can be viewed in Accounts Overview
For any queries or complaints regarding Faysal – Self Invest, you can call us at 111 06 06 06.
Our hotline is available 24X7
Tel:
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Karachi
ATM - Engro Polymer & Chemicals Ltd. Plant Site EZ/I/P-II-I Eastern Zone, Bin Qasim
Branch - Engro Polymer & Chemicals Ltd. Plant Site EZ/I/P-II-I Eastern Zone, Bin Qasim
