Deposit Mobilization

Current Accounts

In line with the very nature of these accounts, no profit is offered on the balances. The account holders are entitled for various special services, including representation / approvals from State Bank of Pakistan / Regulatory Authorities, etc.

Savings Accounts

The profit on our Savings Accounts is paid on the basis of a monthly minimum balance on a biannual basis. There is no restriction on withdrawals and there is no minimum balance requirement.

Call Deposits

We offer 5-29 days Call Deposits for amounts of over Rs. 10 million. The rates are market driven and no withdrawals can be made without due notice in writing.

Term Deposits

We also offer fixed deposits of 1 month, 3 month, 6 month, 1 year, 3 year and 5 year tenors. Profit is paid at the maturity of the deposits. Rates of profits are announced on a monthly basis.

Repos

To let the customer take the advantage of market rate movements, we structure one-off repurchase deals for our clients against Government Securities. This is not a product we offer regularly (the product is not available for saving account holders), but from time to time, exceptions are considered. There is a Master Repo Agreement, which must be signed by the client before entering into a transaction. Rates are decided at the time of the transaction. The transactions are letter-based, i.e. the securities remain in the custody of Citibank N.A.

Special Deposit Categories

Payroll Accounts
This is a special Savings Account that earns a higher rate of profit than our regular Savings Accounts. Only employees of companies that have their accounts with Citibank N.A. and disburse salaries into these accounts are eligible. Please note that these accounts are separate from the Company's Accounts, which will earn a rate based on the applicable PLS slab.

Employee Benefit Accounts
We also offer a special term deposit product for Registered Pension, Provident and Gratuity Funds. Only registered funds are eligible, and there is a minimum balance requirement of Rs. 25 million. In this category, deposits for the tenors of 3, 5 and 7 years are offered. The rates are declared at the beginning of each month.