What are the Important Features of Askari bank's Investment Certificates?

1 ANSWERS

1. Guest9961
   

   Important Features of Askari bank's Investment Certificates                                                                                                 1. Free issuance and free encashment.                                                                2. Account relationship with Askari Bank is not mandatory                                                                                                 3. No penalty on pre-mature encashment                                                               4. Negotiable and payable in Pakistan in Pak rupees only                                                                                                              5. No purchasing limit                                                                            6. Valid until encashed                                                                        7. Encashable at all Askari Bank Branches                                                                              8. Profit is payable on monthly basis through pre-printed coupons                                                                                  9. In case of loss /  theft or damage, there is replacement / refund to the original purchaser                                                        10. Encashment by third party                                                      11. There is no penalty on pre-mature redemption, except that profit coupon shall be valid only for completed month

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