Saudi Pak Bank is creating a buzz over its recently launched "Salana Munafa" term deposit scheme. The scheme gives depositors 14.5% return in just one year of investment of Rs 100,000 or more. The market for term deposits is currently very competitive with almost all the big banks (and many small ones as well) flaunting their menu of term deposits.
Even in this barrage of advertising, Saudi Pak distinctly stands with its unique and 'must have' product. Saudi Pak Salana Munafa offers 14.5% p.a. for 1 year on as low a deposit of Rs 100,000. Currently, no other bank is offering such an attractive return on such a low investment and term, giving Salana Munafa a clear advantage over all other term deposits in the market right now.
Given this fact, Saudi Pak Bank is also being extremely clear about the deposit scheme in their communication. While some might promise big profits and hide large minimum investments and long investment periods in the fine print, Saudi Pak has put everything front and centre. About the only thing in fine print is the government tax that is required by all banks. With the current economic conditions, many citizens are concerned about how to best invest and protect their savings. Saudi Pak Bank has chosen the perfect time to introduce a term deposit with a clear advantage.-PR