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Faysal – Self Invest

Faysal Bank takes pride in providing the first of its kind online trading platform “Faysal – Self invest” wherein our MOBIT 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.

Create your IPS Account:

Investors Portfolio Securities account can be instantly created by Faysal Bank customers via Faysal – Self Invest through following easy steps:

  1. Login to your Mobit Internet Banking via Faysal Bank website at https://mobit.faysalbank.com
  2. Click on Faysal – Self Invest tab and click Create IPS account.
  3. Agree to the term & conditions and save. IPS account will be opened.

Invest in Government Securities:

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.

Divest Your Investments:

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.

1. What are Government Securities?

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/

2. What is IPS account?

IPS accounts enable customers to maintain custody of their Pak Rupee Government securities with banks.

3. How to generate IPS account?

Investors Portfolio Securities account can be instantly generated by Faysal Bank customers via Faysal – Self Invest.

Steps:

  1. Login to your Mobit Internet Banking via Faysal Bank website at https://mobit.faysalbank.com
  2. Click on Faysal – Self Invest tab and click Create IPS account.
  3. Agree to the term & conditions and save. IPS account will be opened.

4. Can I create more than one IPS account?

Yes, IPS account can be created against each Current account/ Saving account.

5. Can I transfer my instruments held in my IPS account to other people’s IPS accounts with my Faysal –     Self Invest?

No, instrument can only be held in own IPS and can only be liquidated in the CASA account tagged against the IPS account.

6. What are the transaction limits customers can perform on Faysal – Self Invest?

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/-

7. What are the Fee & Charges of Faysal – Self Invest?

As per Bank’s Schedule of Charges which currently are Pak Rupee 500/- per transaction plus applicable fed.

8. What will be the tax implications on Funds invested in Government Securities?

Withholding Tax will be deducted at source as per the existing law and will be borne by the bearer of the securities.

9. How can I check transaction details for my Faysal – Self Invest?

You can always log into Mobit Internet Banking and check the details of transactions being performed in “My IPS Activity”

10. Can I view the statement of my IPS accounts?

Yes, detailed IPS account statement can be viewed in Accounts Overview

11. Where should I contact in case of any queries or complaints regarding Faysal – Self Invest?

For any queries or complaints regarding Faysal – Self Invest, you can call us at 111 06 06 06.

phone

Call Us or Text Us

Our hotline is available 24X7

Tel: 111-06-06-06

Text 9181

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Nearest ATM & Branch

ATM - Bahria Town (Pvt) Ltd, Head Office, Customer Support Center, Super Highway, Karachi

Branch - Bahria Town (Pvt) Ltd, Head Office, Customer Support Center, Super Highway, Karachi