Product Name

Corporate Time Deposit Account

Product Description

Corporate time deposit refers to the deposit made by corporate customers with the temporarily idle funds, and the deposit term shall be specified in the contract between the corporate customer and Bank of China. When the deposit is withdrawn upon maturity, the interest shall be calculated in accordance with the interest rate agreed on the deposit date. Bank of China Limited Karachi Branch accepts corporate time deposit in currencies such as PKR, USD, CNY and so on.

Features

1.Higher interest rate than current deposit.

2.Four deposit terms for customers to choose: one month, three months, six months and one year.

3.Free account management fee.

4.Automatic renewal on maturity or full withdrawal in advance is available for customers as needed.

Eligible Applicants

Corporate Customers

Procedure

Corporate customers shall submit the written application for opening a time deposit account with a certain amount of money deposited in it.

Required Documents

For customers who have opened the current accounts at Bank of China Limited Karachi Branch, no extra documents are required.

Gentle Reminders

1.Advance withdrawal is allowed.