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UBL UNIFLEX ACCOUNT |
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| Good news for small investors!
Launch of the new UBL UniFlex PLS Savings Account |
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UBL has introduced a new checking account ideal for small investors, traders, businessmen and customers from middle income group.They can now afford an amazing rate of return plus value added benefits only available from the UBL UniFlex PLS Savings Account.
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Amazing rate of return |
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Convenience of a cheque book |
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Power of Wallet VISA ATM / Debit Card |
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Online Banking Facility |
UniFlex Rates & Tenors:
Four rate tiers are offered to UniFlex customers:
| Average balance of the month (Rs.) |
Proposed rate
December 2011* |
| Rs. 0 - Rs. 10,000 |
6.00% |
| Rs. 10,001 - Rs. 100,000 |
6.50% |
| Rs. 100,001 – Rs. 500,000 |
7.00% |
| Rs. 500,001 – Rs. 1,000,000 |
7.50% |
| Rs.1,000,001 – Rs. 10,000,000 |
8.00% |
| Above Rs. 10,000,000 |
9.00% |
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| * Projected Rates will be announced monthly through UBL Deposits Projected Rate sheet |
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| Terms & Conditions |
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All individual and joint account holders and sole proprietorships are eligible for the UBL UniFlex Account (scheme); Corporations and partnerships are ineligible for the scheme. |
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Only one UBL UniFlex account per Computerized National Identity Card (CNIC) shall be allowed to be opened in UBL, regardless of the branch; no doubling shall be allowed even as joint account or sole proprietor. |
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The Bank shall determine from time to time the rate of interest/return/profit payable on the account/deposit in accordance with the prevailing profit and loss sharing rules and regulations of the State Bank of Pakistan and the policies of the Bank which are subject to change from time to time and the account holder/depositor agrees to accept such rate of interests/return/profit at the time such change was made. |
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Profit shall be calculated on monthly average balance and credited to account the following month on a monthly basis. |
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The UBL UniFlex account cannot be overdrawn. |
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Accounts that are closed in the middle of a month will not be eligible for any interest/return/profit for the broken period of that month. |
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Wallet VISA card is optional; charges as per Schedule of Bank Charges (SOC). (Please apply on the regular Account Opening Form) |
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Regular checkbooks shall be provided as per Schedule of Bank Charges (SOC). |
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Customer can conduct a maximum of three free of cost withdrawal transactions in a calendar month (inclusive of all instruments). These withdrawals include but not limited to Net banking, cash withdrawal by ATM, cash withdrawal over the counter, Inter Bank Funds Transfer (IBFT), clearing, collection, Online banking, Tez Raftaar, Tez Ibex, MT/DD/TT/PO/Online (UniRemote), RTC, etc. The Bank will charge a sum of Rs. 100/- per transaction for any withdrawal above the threshold of three debit transactions in one calendar month. However, there is no limit for credit transactions in a month. |
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All single debit incidents to an account will be considered as separate transactions except deductions by the bank for charging service fee, Withholding Tax and Zakat deductions. |
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All transactions, including the three withdrawals allowed will be charged as per the Schedule of Bank Charges (SOC). |
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There is no minimum balance requirement on UBL UniFlex Account.
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