Chap-5 Commercial & Retail Banking

8/3/2019 Chap-5 Commercial & Retail Banking

http://slidepdf.com/reader/full/chap-5-commercial-retail-banking 1/8

Bank's Profile

CHAPTER NO-5

Commercial & R etail Banking



COMMERCIAL & COMMERCIAL & RETAIL BANKINGRETAIL BANKING

National Bank of Pakistan serving following product lines:

Premium Aamdani Scheme Unprecedented Safety - Unprecedented Return

Monthly Income Scheme

A monthly income scheme introduced by National Bank of Pakistan for investors as well as

for general public. Incentives are available for investors providing finance facility against

these certificates and also allowed to customers to convert existing deposits into National

Bank Premium Aamdani Certificates.

• Earn up to 11% p.a.

• Minimum deposit of Rs. 20,000/-

• Maximum deposit of Rs. 5,000,000/-

• Investment period is 5 years

• Free Demand Draft, Pay Order and Cheque Book

• Convenience of NBP online Aasan Banking (for online banking customers)• Free NBP Cash Card (ATM+Debit)

• Running finance facility up to 90%

• Profits paid on monthly basis

Premium Saver Scheme your's saving reward

(PLS Saving Account )

• Earn up to 7.25% p.a.

• Minimum saving balance of Rs. 20,001/- & a maximum balance of Rs. 300,000/-*• Free NBP Cash Card (ATM + Debit)

• Convenience of NBP Online Aasan Banking (for online banking customers)

• Two debit withdrawals allowed in a month & no limit on number of deposit

transactions

• Profit calculated on monthly and paid on half yearly basis

President's Karobar Scheme Mera Apna Karobar

National Bank of Pakistan is providing financing under President Karobar Scheme with the

cooperation of government of Pakistan. The purpose of this scheme is to reduce

unemployment from the country. Main features are as under

• Minimum down payment, 10% of asset price (5% for PCO & Telecaster)

• Tenure of loans 1 to 5 years (for PCO 2 years)

• Grace period 3 months• Maximum loan amount Rs. 200,000/-

• Age 18-45 years

• Mark-up (variable) 1 year KIBOR + 2.00% p.a.



• The customer will pay markup @ 6% p.a., rest will be

borne by GOP*

• NBP’S loan available for:

Utility Store,

Transport

PCO/Tele-centers

Procedure to Apply

• Customer to visit any NBP branch to obtain loan application form and scheme details.

Application form could also be downloaded from the NBP web site. Photo copy of the

form will also be accepted. Each form will cost Rs. 5. In case of photocopy or down-

loaded form, form fees will be charged at the time of application submission

• Branch to provide details of the scheme along with the required documents to be

submitted with the application form

• Customer to submit the application form along with all the required documents as

well as the verification and the processing fees.

• The application form and all the relevant papers of the customer will be checked by

the Branch staff and if found complete, application processing will commence

• If the case is approved then the customer will be informed accordingly and will be

advised to deposit the Down payment and fulfill all the other product specific

formalities

• Upon fulfillment of all the details and approval of the loan by the competent

authority, Purchase Order in favor of vendor will be issued and a copy of the same

will be given to the customer

• Delivery of the financed asset will be made directly to the customer by the NBP

selected vender

Saibaan Scheme Open the Door to Your Dream Home

(Home Financing)

National Bank of Pakistan lending for construction of home to general public as well as

employees of government and non-government institutions. Main features of this scheme are

as under.

• Finance is available for: Home Purchase

Home Construction

Home Renovation

Purchase of Land + Construction

• Period of repayment ranges between 30-20 years.

• Loan available up to a maximum of Rs. 15-20 million.

• NBP provide markup choices to its consumer i.e.

Variable Discount Rate, Fixed Rate.

• Minimum approval and disbursement timing.

• Limited to areas where there are no documentations, fee, resale and foreclosurerelated issues, so to protect the bank’s interest.

Mark Up Rates

Variable Rate Option: SBP Discount Rate with (+2%) with12 months re-pricing







• Facility of Rs. 10, 000/-against each 10 gms of net weight of Gold Ornaments

• No maximum limit of cash

• Repayment after one year

• Roll over facility

• No penalty for each repayment

• Rate of mark-up 13% p.a.• Weight and quality of gold to be determined by NBP's appointed schroffs

Kisan Dost Scheme Agriculture Made Easy

Agriculture Farming Program

National Bank of Pakistan is lending in agricultural field. National Bank of Pakistan is

lending farmers for development of agriculture sector of the country under certain terms andconditions.

NBP provide loan to farmers for production, development purposes, for purchase of tractors,

for installation of tube wells, for purchase of agricultural instruments, micro loan, for

construction of godwon, for construction of fish pond, for development of livestock and

farming, for mil processing, for cold storage, bio-gas plants.

• interest @ 14.5 percent per annum

• Quick & easy processing

•Delivery at the farmer’s doorstep

• Technical guidance to farmers

• Wide range of financing schemes for farmers

• Finance facility up to Rs. 500,000/- for landless farmers against personal guarantee

• Financing available against pass book, residential/commercial property, gold

ornaments and paper security

• Loan facility on revolving basis for three years (renewable on yearly basis without

documentation and approval)

Kisan Taqat Scheme promise of prosperity

Dairy Farm Scheme

National Bank of Pakistan is providing loans for the dairy

farms and for the development of the livestock and dairy

farms.

• NBP facilitates with livestock experts

• Less documentation and easy to repay

• Available at the next door step

• Scheme is available in more than 50 branches of NBP

PakRemit Scheme NBP's Internet Based Home Remittence Service

Product Information



Pakremit is an internet based Home Remittance Service. This service is available to U.S.

residents for sending money to their family and friends in Pakistan. One must have a valid

US Dollar account with a U.S. bank or a US Dollar credit or debit card in order to remit funds

through this channel.

Remitters in USA can log on to our user friendly website, www.pakremit.com and easily

remit funds to Pakistan from the comfort of their homes, in a matter of minutes. The service

is fully secure with advance encryption application and is available for use 24 hours a day, 7

days a week. Fees and exchange rate have been set at competitive levels and the remitters

have the ability to track delivery of funds as well.

Process:

• Remitters log on to www.pakremit.com and after completing the registration process,

are able to remit funds. The whole process takes a few minutes.

• Funds in Pak Rupees can be sent to beneficiaries, having an account with any bank in

Pakistan, including NBP. While funds are credited directly to beneficiaries

maintaining accounts with NBP, a pay order or demand draft is couriered to other banks for their customers. Pay order or demand draft can also be couriered directly to

the beneficiary’s office or home, if requested by the remitter.

• Funds in US Dollars can be sent only to a Beneficiary maintaining a US Dollar

account with one of NBP’s Foreign Exchange Branches. Click here for details of NBP

Foreign Exchange Branches.

NBP Protection Shield Scheme Life is Precious

Personal Accident Insurance

Insurance Coverage- In case of Accidental Death (Including death due to Riots, Strikes, Civil

commotion, Acts of Terrorism and Natural Calamities like Flood, Earth Quake, Cyclones etc)

provided that the insured is not directly involved in these activities

Coverage of Rs. 200,000/- for Rs. 20/- per month

Accident means unintentional, unfortunate or a harmful event by chance or apparent cause.

Accidental Death means death due to accidental injuries, but not illness.

Insured Person means a National Bank of Pakistan PLS account holder, aged between 18years and above, and whose premium is deducted & details are reported to the selected

insurance company by NBP.

Policy means Group Personal Accident Policy dated 26/09/05 executed between NBP and

Insurer.

Principal Sum means the amount stated in the Policy’s Schedule of Benefits as respects each

Insured Person.

Features

• No documentation• No medical required

• Premium Auto Debit facility & choice of deactivation

• Coverage includes death due to:



• Natural Calamities e.g. Earthquake, Flood, Cyclone etc.

• Accident

• Riots

• Civil Commotion

• Strikes

• Acts of Terrorism

Eligibility

• NBP PLS account holders

• 18 years and above

NBP Student Loan Scheme

Pursuant to the announcement made by the Federal Finance Minister in his 2001-2002 budget

speech, a STUDENTS LOAN SCHEME (SLS) for Education was launched by the

Government of Pakistan in collaboration with major commercial banks of Pakistan (NBP,

HBL, UBL, MCB and ABL). Under the Scheme, financial assistance is provided by way of

Interest Free Loans to the meritorious students who have financial constraints for pursuingtheir studies in Scientific, Technical and Professional education within Pakistan.

The Scheme is being administered by a high powered committee comprising Deputy

Governor, State Bank of Pakistan, Presidents of the commercial banks and representative of

Ministry of Finance, Government of Pakistan.

Eligibility

Under the scheme the students are eligible to apply for loans provided: He/She has obtained

admission on merit through normal course/procedure in the approved Universities/Colleges

of the public sector mentioned hereunder. He/She falls at the time of admission within the age

bracket of:-

For Graduation Not exceeding 21 Years

For Post-Graduation Not exceeding 31 Years

For Ph.D Not exceeding 36 Years

He/She has secured 70% marks in the last public examination.

He/She is unable to pursue studies due to financial constraints.

Repayment

The maximum period of repayment of loan is 10-Years from the date of disbursement of first

installment. The borrower shall repay the loan in monthly installment after six months from

the date of first employment or one year from the date of completion of studies, which ever is

earlier.

Documents

Chap-5 Commercial & Retail Banking