Chapter # 4

PRODUCTS AND SERVICES

4.1 FINANCIAL PRODUCTS AND SERVICES OF BOK:

Few of the important products and services are:
4.1.1 Current Deposits Account (Rupee):
“The BOK Rupee Current Deposits Account allows the facility of ultimate
withdrawals up to the extent of the balance in account. There will be no tax deducted
on the funds that someone chooses to keep in these accounts.”
A. Balance in current accounts are payable on demand .any amount can be
withdrawn prior notice. Similarly there are no restrictions on number of
transactions during the day.
B. All individuals including foreigners, firms and corporate bodies are entitled to
open and maintain current accounts.
C. No profit will be paid on the current accounts.
D. Overdrafts are allowed on these accounts.
4.1.2 Saving Deposit Account (Rupee):
The Bank of Khyber Rupee Saving Deposit account allows the facility of multiple
withdrawals up to the credit balance, with accruing profit on the deposits”
4.1.3 TYPES OF SAVING ACCOUNT
• Profit and loss sharing account (PLS).
• Special Deposit Account (SDA).
• PLS 7 days Notice Deposit.
• PLS 30Days Notice Deposit.
Profit is paid bi-annually on the minimum monthly balance (Jan-June & July-Dec)
which is announced in the July and January respectively.
Generally, withdrawals from this account are allowed on demand i.e. without any
prior notice of withdrawals.
Over draft is not allowed on this account.
4.1.4 Term Deposit Account (Rupee):
"BOK Rupee Term Deposit Account with an attractive return of liquidity provides a
double benefit. Authorized annually or at maturity annual, quarterly and monthly, to
take profits. Profits on a daily basis have accured. Previous tender compensation rates
will be applied in the case of any premature encashment. However no penalty, is not
partial liquidity option is permitted without disturbing the balance of fixed deposits.

Internship Report on Bank of Khyber Page 26