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Faysal Bank Launches Faysal Izafa Premium-Term Deposit Product


Monday, 25 Apr, 2016 :

Karachi: Faysal Bank Limited (FBL), keeping in line with its commitment to provide the best for its customers, introduces Faysal Izafa Premium Term Deposit.

Faysal Izafa Premium is a Term Deposit product especially designed for individuals who are looking to earn competitive profit rates and regular profit payments whether monthly or annually. Some of the key features of Faysal Izafa Premium include the flexible tenure options of 1, 2 ,3 4 and 5 years along with monthly and annual profit payments on an investment amount of as low as Rs. 100,000. The Product offers a return of upto 6.25 % per annum.

The highlight of Faysal Izafa Premium Term Deposit is that customers can avail a financing facility against their deposit amount. So while they earn a profit from their investment they can avail a loan facility of up to 90% of the deposit amount for any urgent needs.

At the launch of Faysal Izafa Premium, Mr. Fouad Farrukh – Head Retail Banking said, “The present day discount rate is at an all-time low, which in turn affects the rate of return on deposits. Therefore individual customers are constantly exploring avenues for maximum returns on their savings. We at Faysal Bank are focused on the customers’ needs and introduce products that will bring maximum benefit to our customers”.

Mr. Ahmed Hemani – Head Products and Marketing, briefing about the products features mentioned, “Faysal Izafa Premium is introduced as an option where individuals can avail upto 6.25% on their fixed Term Deposit”. He further added, “Not only this, they have the choice to receive their profits monthly or annually depending upon their requirements as well as a lock in period of their own choice ranging from 1 to 5 years”.

For Product Details – Click Here

About Faysal Bank Limited:

Faysal Bank Limited was incorporated in Pakistan on October 3rd, 1994 as a public Limited company under the Companies Ordinance, 1984. The Bank’s shares are listed on Pakistan Stock Exchange. Faysal Bank is engaged in Commercial, Retail, Corporate and Islamic banking activities. The Pakistan Credit Rating Agency Limited (PACRA) and JCR-VIS Credit Rating Company Limited have determined the Bank’s long term rating as ‘AA’ and short term rating as ‘A1+’.

Faysal Bank’s footprint now spreads over more than 85 cities with over 275 branches. With total assets in excess of PKR 425 billion, placing it amongst the significant players in Pakistan’s banking industry. Faysal Bank’s ambition is to provide par excellence service to its customers while meeting their financial needs.

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