Soneri Savings

Soneri Savings Account is a flexible and fast growing cumulative profit account with a great convenience for individuals (in single or joint names), minors (to be operated by the guardian), charitable institutions, provident fund and other funds of benevolent nature local bodies, autonomous corporations, limited companies, firms associations, educational institutions etc. The rate of Profit in this savings scheme increases as your balance increases without demanding and negotiating with us. The account may be opened with any amount.

 

Soneri Savings Bank Account entitles Account Holder to avail amazing facilities such as:

• Chequing Account facility with no limit on a number of transactions
• Free Cash Deposit and Withdrawal facilities through your bank branch
• Free Clearing facility to deposit cheques of other banks within the city
• Online Funds Transfer through Cheques to any account across Pakistan through your bank branch
• Online Cash Deposit, Withdrawal and Funds Transfer through cheques from any of our branch across Pakistan
• Remittance facilities such as Payment Orders, Demand Draft, Telegraphic Transfers and Free Rupee Traveler’s Cheque through your bank branch
• Standing Orders facilities
• Safe Deposit Locker at designated branches
• Statement of Account on six monthly basis
• Usage of Electronic Banking through: 
  
  • ATMs across Pakistan owned by Soneri Bank and other banks
  • Shopping/purchasing/payments through outlets displaying ORIX sign
  • Free Online Cash Withdrawal facility upto Rs. 300,000/- from designated branches without Cheque Book
  • Free 24-hours Telephone Banking and Call Centre facility
  • Free 24/7 Online Funds Transfer to any customer of Soneri Bank through ATMs owned by Soneri Bank
  • 24/7 Online Inter Bank Funds Transfer through ATMs owned by Soneri Bank to any account of increasing list of enabled 1 LINK member banks
  • Free 24/7 Internet Banking to view Statement of Account
• No one-time and renewal fee on Soneri Banking Card
• All purchases and cash withdrawals made with the Soneri Banking Cards is deducted directly from your bank account
• Free Cash Withdrawal on ATMs owned by Soneri Bank
• Govt. Withholding Tax apply on all cash withdrawals and profit credited into account
• Zakat is deductable from Account however Zakat exemption forms are accepted

SHARING PROFIT/LOSS:

• No minimum balance is required to qualify for profit
• Provisional rates are announced on a six monthly basis however profit/loss earned/incurred on Soneri Savings Accounts are determined by the Bank at its sole discretion on the basis of its net working result at the end of each half-year/ year
• Calculation of products on Soneri Savings Accounts is computed on daily product basis
• Profit on Soneri Savings Accounts is credited on a monthly basis on the provisional rate of Profit

Provisional Rates

ANNUALISED RATES OF EXPECTED PROFIT FOR DIFFERENT TYPES OF PLS DEPOSITS.

Effective: 01.September.2010

Period: July - December, 2010

 

• Minimum balance requirement 5,000/-.
• Operational facility like Current Accounts without any restriction on amount and number of Cheques.
• Profit paid on monthly basis on daily products.

 

Balance	Rate of Return p.a
Upto Rs. 100,000	5.00 %
Over Rs. 100,000 but upto Rs.1.0 Million	7.00 %
Over Rs. 1.0 Million but upto Rs. 5.0 Million	8.00 %
Over Rs. 5.0 Million but upto Rs. 10.0 Million	9.00 %
Over Rs. 10.0 Million	10.00%