Commercial Banking products
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SME Bank's QATRA QATRA DARYA (Daily Product Basis) |
(Daily product basis: for Individuals and Business Concerns) |
| Product Features |
For Individuals, Proprietorship, Partnership and Limited Companies starting from Rs 25,000 |
- profit rates upto 6.50 %
- Free Online Transactions, PO 's, DD's, TT's.
- Free Issuance of ATM card.
- Free Cheque books
- Free Life Insurance
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| Minimum account opening balance: Rs. 25,000 |
| Monthly Average Balance Requirement Rs. 25,000 |
| Minimum Balance fee: Rs 25 per month based on balances below Rs. 25,000 |
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online games
| Profit Structure |
Rate per Annum |
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Upto Rs 100,000 |
5.00% |
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Rs 100,001 to Rs 300,000 |
5.25% |
| Rs 300,001 to Rs 500,000 |
5.50% |
| Rs 500,001 to Rs 800,000 |
5.75% |
| Rs 800,001 to Rs I,000,000 |
6.00% |
| Rs 1,000,001 & above |
6.50% |
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| Free Banking services if monthly average balance is Rs 1 M or more: |
- All online transactions
- All pay orders, DDs and TTs
- Cheque books
- SME bank ATM card (to singly authorized customers only)
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| Special Privileges for individuals, including joint, proprietorship & partnership-ship accounts with balance over Rs 25,000. |
| Privilege |
Coverage |
| Free life insurance cover |
Up to Rs. 1M |
| Accidental death cover |
Up to Rs. 2M |
| Permanent disability cover |
Up to Rs. 1M |
| Charges for account holder |
Free of charge |
New account eligibility, for insurance cover, starts after 90 days from account opening.
Insurance cover provided by EFU Life Insurance.
Quick processing time for borrowing against funds.
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The insurance cover is provided to the extent of average balance maintained in the account during last 90 days in case of natural death, whereas in case of accidental death the coverage provided is double. For of permanent disability, due accident, a percentage of sum insured is paid. |
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In case of joint or partnership accounts the benefit is apportioned pro rata for each account holder, i.e. if two account holders then the benefit is half for each, if three then a third for each, and so on. |
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| other terms and conditions: |
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SME Bank's QATRA QATRA DARYA (Saving Account) |
| (Saving Accounts: for Individuals) |
| Product Features |
- profit rates upto 5.00 %
- Free Life Insurance
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| Minimum account opening balance: Rs.10,000 (for insurance cover) |
Monthly Average Balance Requirement: Rs.10,000 |
| Profit Structure: 5.00 % per Annum |
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| Special Privileges if monthly average balance Rs.10,000 or more |
| Privilege |
Coverage |
| Free life insurance cover |
Up to Rs. 1M |
| Accidental death cover |
Up to Rs. 2M |
| Permanent disability cover |
Up to Rs. 1M |
| Charges for account holder |
Free of charge |
New account eligibility, for insurance cover, starts after 90 days from account opening.
Insurance cover provided by EFU Life Insurance.
Quick processing time for borrowing against funds.
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The insurance cover is provided to the extent of average balance maintained in the account during last 90 days in case of natural death, whereas in case of accidental death the coverage provided is double. For of permanent disability, due accident, a percentage of sum insured is paid. |
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In case of joint or partnership accounts the benefit is apportioned pro rata for each account holder, i.e. if two account holders then the benefit is half for each, if three then a third for each, and so on. |
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| other terms and conditions: |
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SME Bank's QATRA QATRA DARYA (Current Account) |
(Current Account: for Individuals and Business Concerns) |
| Product Features |
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Free Online Transactions, PO's, DD's, TT's.
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Free Issuance of ATM card.
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Free Cheque books
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Free Life Insurance
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| Minimum account opening balance: Rs. 10,000 (for insurance cover) |
| Monthly Average Balance Requirement Rs. 10,000 |
| Minimum Balance fee: Rs. 25 per month on balances below Rs.10,000 |
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| Special Privileges if monthly average balance Rs.10,000 or more |
| Privilege |
Coverage |
| Free life insurance cover |
Up to Rs. 1M |
| Accidental death cover |
Up to Rs. 2M |
| Permanent disability cover |
Up to Rs. 1M |
| Charges for account holder |
Free of charge |
New account eligibility, for insurance cover, starts after 90 days from account opening.
Insurance cover provided by EFU Life Insurance.
Quick processing time for borrowing against funds.
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|
The insurance cover is provided to the extent of average balance maintained in the account during last 90 days in case of natural death, whereas in case of accidental death the coverage provided is double. For of permanent disability, due accident, a percentage of sum insured is paid. |
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In case of joint or partnership accounts the benefit is apportioned pro rata for each account holder, i.e. if two account holders then the benefit is half for each, if three then a third for each, and so on. |
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| other terms and conditions: |
- Fees and other charges will be as per applicable schedule of bank charges.
- Zakat and Withholding Tax rules applicable
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Mahaana Aamdan Account |
SME Bank brings to you the opportunity to maximize the utilization of your funds. SME smart term deposit plans not only gives you flexibility of choices in term of selecting the profit payment plan, but a high return as well, because we know that you only go for the best. |
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| Have a look at our remarkable offer |
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Invest as low as Rs 100,000 for 1 Year and earn a profit of Rs. 791 per month, or
- Invest as low as Rs 100,000 for 2 Years and earn a profit of Rs. 854 per month.
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A rewarding profit is automatically credited to your Qatra Qatra Darya Account month after month, which provides the flexible power to save with additional profit or to spend as you like; with the benefit of free life insurance.
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Premature encashment facility.
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Quick processing time for borrowing against funds.
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Free SME ATM Card.
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| Mahaana Aamdan Account (Profit Paid on 1st Working Day of Each Month) |
| 1 Year |
9.75% |
| 2 Years |
9.75% |
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| Other terms and conditions |
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| Current Account |
| Current Account |
0.00% |
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| PLS Saving Account |
| PLS Saving Account ( Profit payment bi-annually, calculated on minimum balance during the month ) |
5.00% |
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SME Rozana Izafa aur Mahana Munafa |
SME Rozana Izafa Aur Mahana Munafa
(Monthly Payment of Profit calculating on daily basis) |
Upto 49,999
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5.00% |
From 50,000 to 999,999
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5.50% |
| From 1.000 M to 9.999 M |
6.00% |
| From 10.000 M to 49.999 M |
7.50% |
| Above 50.000 M |
8.50% |
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SME Regular TDR
( Profit to be paid after maturity of the TDR ) |
| 7 Days Short Notice Deposit |
5.00% |
| 30 Days Short Notice Deposit |
5.50% |
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SME Fixed Term Deposit Profit payable on Maturity. |
SME Fixed Term Deposit
Profit payable on Maturity. |
1 Month
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8.50% |
| 3 Months |
9.00% |
| 6 Months |
10.00% |
1 Year
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10.75% |
| 2 Years |
10.75% |
| 3 Years |
11.00% |
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Basic Banking Accounts |
Product features:
- The minimum initial deposit will be Rs 1,000
- No profit will be paid
- No limit on minimum balance. In case where balance in BBA remains nil' for a continuous six months period such accounts will be closed
- No fee (service charges) for maintaining BBA
- Customers will be allowed a maximum of two deposit transactions and two cheques withdrawals are allowed, free of charge, through cash/clearing per month
- Statement of account will be issued once in a year
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Special Rates for fixed deposit exceeding Rs. 15 Million may be negotiated with the customers on case to case basis and if Manager feels that deposit relates to ancillary business he might refer the case of lower amount also. The terms & conditions are subject to the approval of the competent authority.
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Withholding tax and Zakat are taken into account , wherever applicable.
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Premature encashment of SME Fixed Term Deposit and Mahana Amdan Account permissible at a penalty detail as per schedule of charges.
Annualized Rates of Expected Returns
Schedule of Bank Charges
Declared Profit Rates
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