Mobilization of Deposits

Topic Mobilization of bewilders in banking system of Pakistan Submitted to Maam Bushra Submitted by Muhammad Mumtaz (09-arid-929) Tayyab Sultan (08-arid-387) Muhammad Sohail Zafar (09-arid-934) Farhan Ahmed (08-arid-402) ACKNOWLEDGEMENT thank to Almighty ALLAH who had do us able to complete this aim with the squargon knowledge. Special thanks argon due to our respected teacher Maam Bushra Zulfiqar who have shown us the right way to go for our project to success and enlightened our mind with the tips and guidance to think creatively.We are grateful to our fri de marchesinations, who help us a lot during this course of project. Table of pith 1) Deposit-4 2) recent storys-4 3) HBL rationalisedom storeyancy4 4) HBL Business Value rate-4 5) term scores-5 6) HBL Advant grow Account-5 7) enthronement Plus Deposit 5 8) savings Accounts 5 9) PLS Savings Account-6 10) Remittance Munafa Plus Savings Account6 11) Foreign swell Accounts7 12) Mobilization of deposits-8 13) HBL rai lroad railcar add 8 14) HBL gondola car To Car9 15) HBL identification Card10 16) HBL Home Loan11 17) HBL INVESTMENT BANKING 13 18) HBL Zarai pious platitudeing14 19) MCB Moslem banking- 17 20) Al-Makhraj Saving Account 17 21) IANAT Account18 22) Al Makhraj margin Deposit20 23) Ijarah20 24) Murabahah -21 25) Diminishing Musharika Equipment-21 Abstract Banks loosely adopt following strategies to mobilize their Deposits in two categories 1- Demand Deposits which are payable to the owner on demand i. e Savings Accounts Current Account and so forth 2- Time Deposits.These are Fixed Deposit for conglomerate tenors ranging from month to 10 geezerhood and are payable at maturity. * Banks claim Deposits from unveilings like Government institutions, public ltd and Private limited companies and Trusts etc. * Banks convey Deposits from general public by launching various Deposit schemes supply the postulate of all segment of society and shooter glossy bump rates on these sch emes. * For example HBL offers HBL Money club Account to kids up to the age of 18 and offer ATM Card (with restricted Limit) and attractive loot Rates up to 7. 55% to attract the youngsters who bequeath by and by prefer to maintain their Account with HBL till life epoch. For Businessmen who oft transfer money to and from their Accounts to make their business remunerations HBL offers Freedom Account in which they can make Drafts of unlimited Number and sum and free online bullion transfer by maintaining stripped-down routine symmetricalness of Rs. 25,000. 00/- sole(prenominal). This strategy attracts spacious numbers of businessmen to HBL which has competitive advantage of largest Network of branches in e truly city of Pakistan with online easiness. * For customers or soly businessmen who want proceeds on daily pedestal HBL Offers HBL Daily Progressive Account on which pay is mensurable on daily basis and credited into customers Accounts at month end. * as tumesc e to encourage the remittances by expatriates through banking channels HBL offers RMPA Remittance Plus Munafa Accounts. * HBL mobilizes its deposits in the form of investments in projects and give loan to corporations as well as to the consumer.HABIB BANK LIMITED DEPOSITS There are different types of deposits account. Current Accounts guide unlimited legal proceeding while maintaining a low nominal remainder every month. Current Account of HBL * token(prenominal) symmetricalness of Rs. 5,000 * Unlimited transactions * Non-profit bearing * HBL debit entry Card and conceal single out Transaction placement (IBTS) facilities * cash transfer to each bank through HBL speech sound Banking prefatory Banking Account (BBA) * Can be opened with only Rs. 1,000 * No minimum fit necessity * Up to 2 withdrawal and 2 deposit transactions free every month * Unlimited withdrawals through HBL Debit Card * Non-profit bearing HBL Freedom AccountUse your money as you please with HBL Free dom Account. Rest free from worries and expand your business with one and only(a) accessibility. HBL Business Value Account * No minimum balance requirement * HBL Debit Card and Inter Branch Transaction dodging (IBTS) facilities * laughable(p) transactional account for Businessmen * Up to 10 Bankers confirmations free (at minimum balance of Rs. 500,000) * avail metric daily, salaried every quarter * Up to 5. 35% profit per annum * Funds transfer to any bank through HBL Phone Banking. * Nominal monthly maintenance charge of Rs. 50 Term Accounts Invest your savings in our term deposits for a fixed duration and nominate profit while keeping your savings secure.HBL Advantage Account Term bread per annum 1 socio-economic class 12. 00% 3 Year 14. 00% 5 Year 15. 00% 10 Year 18. 00% Multiple options for advance and profit payout. Loan facility up to 90% of investment. stripped-down investment of Rs. 25,000. withdrawal method at end of fixed term. Investment Plus Deposit * Profit paid at maturity * Minimum investment of Rs. 20 million * Multiple options for tenure and profit payout * Withdrawal at end of fixed term * Account for Institutions Savings Accounts Avail the flexibility of making transactions while earning profit on daily/monthly basis.HBL Value Account * 7. 19% profit per annum * Profit calculated monthly, paid every quarter * Deposit ramble ons from Rs. 10,000 to Rs. 1,000,000 * simple machinedinal withdrawals free every month PLS Savings Account * 5. 06% profit per annum * Profit paid bi-annually * HBL Debit Card and Inter Branch Transaction System (IBTS) facilities * Funds transfer to any bank through HBL Phone Banking * Minimum balance of Rs. 20,000 * Unlimited transactions Remittance Munafa positive(p) Savings Account * Special account for receiving foreign remittances * 5. 12% profit per annum * Profit paid every month * Minimum balance of Rs. 20,000 Daily Munafa Account Profit calculated daily, p aid every month * Up to 8. 84% profit per annum * HBL Debit Card and Inter Branch Transaction System (IBTS) facilities * Funds transfer to any bank through HBL Phone Banking * Minimum balance of Rs. 20,000 Daily Progressive Account * Unique transactional account for Institutions * Profit calculated daily, paid every month * Up to 11. 57% profit per annum * Inter Branch Transaction System (IBTS) facility * Funds transfer to any bank through HBL Phone Banking * Minimum balance of Rs. 20,000 Foreign Currency Accounts HBL offers Foreign Currency Accounts in multiple currencies as savings and term accounts. FC-SB Savings Account offered in 3 currencies, USD (US dollar), EUR (Euros) and GBP (UK pound) * Tiered ware, with rates depending on cream of currency * To earn profit, minimum balance should be deoxyguanosine monophosphate USD, EUR or GBP * Interest is payable on a quarterly basis HYFFD (High Yield Foreign Currency Fixed Deposit) * Available in 1 month, 2 month, 3 month, 6 month and 12 Month in USD, EUR * Tiered product, with rates depending on choice of currency and term * Profit paid on maturity only. Mobilization of deposits HBL CAR LOAN HBL CarLoan helps you get your preferred car through a simple and hassle-free process, backed by superior service and support. Now you can drive a car you always wanted. Features * election of white plague, new local/imported and reconditioned imported car. * refund options ranging upto 7 days. * Up to 85% of financial support for the car of your choice. * Insurance at all metres for complete peace of mind and security. * Round the clock support available through HBL Phone Banking you can place your requests and queries, comprehend the status of your re pay/loan account and avail other encourage-added function through HBL Phone Banking. Eligibility criteria salaried Individuals Self-Employed Business persons/ Professionals Citizenship Pakistani Pakistani shape up 22-60 age 22-65 years Minimum mo nthly income Rs. 20,000 Rs. 25,000 credentials Salaried Individuals imitation of CNIC 2 recent passport size of it of it photographs Latest master copy salary slip and personal bank account for digest 3 months Self-Employed Business persons/Professionals Copy of CNIC 2 recent passport size photographs Bank statement for last 6 months and bank letter convinced(p) details of account evidence of business HBL Car To Car HBL Car To Car is a revolutionary car financing offer. It makes the car of your choice affordable and practical with a buy back guarantee. HBL CarToCar offers matchless features and unique options at the end of the lease. Now you can drive a new car at the end of every two years. Features AffordabilityWith HBL Car To Car, you only have to pay the difference between the car price and the pre-agreed equilibrium value to the bank. As a result, the monthly installment may all the same be 40% to 50% less than that of conventional financing elevat e of lifestyle HBL gives you the guarantee that if you wish to return the car to us at the end of the lease term, you will not have to pay off the cars proportion value. Instead, we will directly settle this enceinte liability for you under the buy back guarantee. Hence, you can upgrade to a new car as frequently as two years* without any complication and hassle. Pay only for what you useWhen you lease a car under HBL Car To Car, you only pay for that while of the cars value that you use during the lease term.The cars residual value* (forecasted for the end of the particularized lease term) is agreed with you at the stir up of the lease term. This amount is deducted from the car price thus lowering the pay amount. This pay amount is based only on a part of the cars value and not the full value of the car. Therefore, HBL CarToCar offers very low installments as compared to any conventional financing. . Flexibility HBL Car To Car offers you several choices at the end of the lease term * Upgrade patently return the car to HBL and drive a new one family * Walk away Return the car to HBL and end the lease * misdirect Keep the same car.Just make a one-time settlement of the cars residual value to HBL or pay the same in unaffixed installments over a specified extended period of time * plow Enjoy the gain from selling off the car at a higher price in the market than what you ay HBL as the residual value Eligibility criteria Salaried Individuals Self-Employed Business persons/ Professionals Citizenship Pakistani Pakistani Age 22-60 years 22-65 years Minimum monthly income Rs. 20,000 Rs. 25,000 Documentation Self-Employed Business persons/Professionals Copy of CNIC 2 recent passport size photographs Bank statement for last 6 months and bank letter confirming details of account Proof of business Salaried Individuals Copy of CNIC 2 recent passport size photographs Latest original salary slip and personal bank statement for last 3 months HBL Credit Card Welcome to a land of convenience and flexibility. Accepted at over 29 million merchants worldwide, HBL Credit Card makes shopping fun and paying simple. So make the most of your shopping experience. Gold Card Green Card Rupees Minimum tax income salary requirements Rupees 50,000 Salaried individuals 15,000 180,000 Self-employed business persons/professionals 25,000 Rupees Credit limit range Rupees 150,000 Minimum 20,000 500,000 Maximum HBL Home Loan HBL Home Loan offers financing options to grease ones palms a new house or renovate an existing house.Outright purchase The outright purchase loan option provides financing for purchase a new house. Home improvement Home-improvement loan option provides financing for renovating your house. Outright Purchase Descriptors Home Improvement/ Renovation 3 years to 20 years Loan tenure 3 years to 20 years Rs. 300,000 Rs. 15,000,000 Loan amount Rs. 300,000 Rs. 5,000,000 85% Maximum financing amoun t (as % of appraised value of the property) 70% 5 years proportion lease (years be at the time of loan maturity) 5 years Borne by the Bank Property insurance Borne by the Bank primary applicant and co-borrower tone insurance through HBL by the insurance company on HBL panel) Primary applicant and co-borrower Eligibility criteria Salaried Individuals Self-Employed Business Persons/ Professionals Nationality Pakistani (resident) Pakistani (resident) Age criteria of the main applicant and co-borrower whose income is being clubbed (spouse only) durable employees Minimum age at the time of loan application should be 21 years. Maximum age at the time of loan maturity should be 60 years. contractual employees Minimum age at the time of loan application should be 21 years. Maximum age at the time of loan maturity should be 55 years Minimum age at the time of loan application should be 21 years.Maximum age at the time of loan maturity should be 65 years. Length of Employme nt Permanent employees Minimum 1 year experience 6 months experience with sustain employment status in the current job. Contractual employees Minimum 2 years work experience. Third party contractual not eligible. Minimum 2 years experience in personal business Documentation Salaried Individuals * CNIC copy * 2 passport size photographs * Letter from employer * 2 latest salary slips or salary certificate * Bank statement for last 6 months and bank letter confirming details of account * Copies of property documents Self-Employed Business Persons/ Professionals CNIC copy * 2 passport size photographs * Proprietorship Bank Certificate / Latest Tax Assessment clubhouse * Latest one year bank statement * Partnership form of address * Registered Form C * Memorandum, Article of association and registered Form 29 A (applies to company directors) * Copies of property documentsSchedule of bank charges Application affect charges (including 16% cater) Rs. 7,000/- (non-refundable) ear ly(a) settlement charges 4. 7% of out rest principal Partial payment charges 4. 7% of adjusted principal Late payment charges Rs. 700 (for each late payment) Property evaluation fee Actual cost plus 16% FED to be recovered Legal fee Actual cost plus 16% FED to be recovered HBL INVESTMENT BANKING HBL offers full-service Investment Banking capabilities to its clientele. This year alone, HBL has closed over thirty transactions with a cumulative charge of over USD 2 billion. This is a testament to the out-of-box thinking and the innovative products we contain to our customers.The Investment Banking Group functions in three specialist business areas jut finance, Debt nifty Markets & Syndications and Equity Capital Markets & Advisory. Project finance The bulk of HBLs project finance practice revolves around the ability area. Prior to the power policy of 2002, HBL actively pioneered Project pay in Pakistan through the bread and butter of a gas-fired co-generation plant (94 Megawatts of power and desalination of 3 million gallons per day). attendant to the 2002 power policy, HBL continues to play a fervent role in the sector and is the only Investment Bank that was Lead Advisor to all IPP transactions that achieved financial close.In the fertilizer sector, HBL financed the largest local currency financing in Pakistan, worth PKR 23 billion, as well as a green ambit venture in the telecom sector worth PKR 12 billion. Debt Capital Markets & Syndications Depending on the requirements of its customers, HBL offers a variety of products, including syndications, securitizations, privately situated and listed TFCs, term finance facilities, commercial papers, etc. HBL played the lead role in a number of significant debt transactions, including PKR 15. 14 billion TFC issue (the largest privately placed issue in Pakistan), the first bond offering for any microfinance institution in all of Asia, credit enhancement for a rapidly ontogeny company in the cons umer durables sector and numerous tier-2 capital transactions for commercial banks. Equity & AdvisoryHBL offers a breadth of equity and consultative products including innovative capital raising techniques, restructurings, public and private equity placements and mergers & acquisitions. The HBL police squad played a pivotal role across several sectors, including energy, cultivation, consumer products, fertilizers, etc. , for raising various forms of equity and quasi-equity. Recently, HBL structured a convertible debt broadsheet with a built-in Put feature for a US-based provider of agriculture technology and dairy solutions a first of its kind transaction in Pakistan. HBL also provides valuation for a company in the food and beverages sector. HBL ZaraiBankingHBL ZaraiBanking facilities are spread across the country and provide financing through to a greater extent than 800 of our branches. HBLs presence in all agriculture belts of the country ensures comfortable access to farm ers in rural areas. HBL ZaraiBanking provides loans to small-scale land owning farmers as well as large institutionalized and alliance based finance, enhancing agricultural harvest-home and, in turn, economic output of the country. Products HBL ZaraiBanking enables farmers to invest in premier bore seeds, fertilizers, pesticides, agricultural implements and non-farm setups through its various product programs. Crop Inputs Crop specific finance for purchase of Agri inputs such as seed, fertilizer, pesticide and other related inputs. enhance ImplementsFinance available for purchase of farm implements & machinery like combined harvester, sprayers, ploughs, furnish wells and other crop-related tools/implements. Tractors/Agricultural Vehicles Finance available to individual farmers, free-lance tractor operators, providing the option to select vehicles from a range of different manufacturers. Livestock Finance available for feed, medicines, raw material, raising charges and other rela ted activities. Poultry Finance available for all poultry related activities including poultry farm plait/equipment, hatchery plant & machinery, poultry feed, poultry medicines, composite feed production, poultry processing and other related activities. Fish Farming Finance available for upcountry seek farms as well as deep-sea fishing.This includes procurement of boat, fish locating equipment, nets & ropes, ice maker, fish farm water solution, hatchery construction/equipment, purchase of medicines / feed and other related activities. Group Lending colligation finance facility for a group of farmers with small land holdings for working capital requirement. MCB Islamic banking Islamic Banking Division was formed with effect from 1st January 2003, which in a short span of time, has developed sufficient expertise, necessary infrastructure, development technology, and manpower to run Islamic Banking Operations and offer Islamic Banking Products. electric charge statement To play a dynamic role in onward motion of Islamic Banking and win customers trust by providing sharia compliant financial services. VisionTo become a leader among Islamic Banks of the country in the coming years capturing major share of the domestic Islamic financial market. Al-Makhraj Saving Account The minimum deposit requirement for Al-Makhraj Saving Account is only Rs. 5000 and profits can be earned 6-monthly. Other features associated with this product are as follows Minimum Initial Deposit Rs. 5000 Islamic Tools apply in designing the product Mudaraba/ Musharaka Product to be availed by Individuals & Joint Account Holders (Local) Companies, Corporate, Trusts, etc Special Advantages For Customer = Bi-Annual Profit Payment Withdrawal forwardness shariah = Meets requirements for Shariah accord Additional Features * Personalized Cheque books * Withdrawal Facility from ATM/ Debit Card * Online deposit as per banks policy * Virtual Banking * Call Centers Facilities * 6-monthly pro fit payment on the basis of monthly declared rates * Issuance of duplicate statement of account (as per SOBC) * Free bank balance certificates (once in 6 months) * Taking stop payment/ hold mail/ standing operating instructions * No penalization if balance falls below minimum level. * Personal financial consultancy services (regarding Shariah tame products) * Utility bill payment via ATM card * Choice of statement frequency (as per Schedule of Charges) IANAT AccountFor customers who are looking for a chequing account that gives them the ease of doing unrestricted number of transactions, we offer Al-Makhraj Ianat Account. With a minimum of only Rs. 10,000, Ianat Account may be opened. With all the features and facilities that this product offers, it is super recommended for management of business funds. elaborate of the product are as follows 1 Minimum Initial Deposit Rs. 10,000 2 Product to be availed by Individuals Joint Account Holders (Local), Companies, Corporate, Trusts, etc 3 Additional Features A Personalized Cheque books B Withdrawal Facility from ATM/ Debit Card C Online deposit as per banks policy D Debit card Utilities payment via ATM card E Virtual Banking F Call nucleus facilities G Free bank balance certificates (once in 6 months) H Taking stop payment/ hold mail/ standing instructions I Issuance of duplicate statement of account (as per Schedule of Charges) J Choice of statement frequency (as per Schedule of Charges) K No penalty if balance falls below minimum level. 4 Banking Network IBDs Branch only Al Makhraj Term Deposit A minimum of Rs. 25,000 is demand for investment in Al-Makhraj Term Deposit. Choice of tenors can be made from a list of options namely 1, 3 6 months, 1 or 2years.Profit payment options available to customers are monthly, quarterly and/ or at maturity. Details of the product are as follows * Minimum Deposit Rs. 25,000 * Islamic Tools used in designing the product Mudaraba/ Musharaka * Tenors Ava ilable1 mth, 3 mth, 6 mth, 1 yr or 2 yrs * Product to be availed by Individuals Joint Account Holders (Local), Companies, Corporate, Trusts, etc * Special Advantages * For Customers = Profit Payment Options customized to suit needs of customers Minimum Deposit requirements lower than most banks so it is more accessible/ affordable for people * Shariah = Meets requirements for Shariah Compliance * Additional Features * Call center facilities * Taking hold mail/ standing instructions for profit payments etc * Personal financial consultancy services (regarding Shariah Compliant products) Profit sacramental manduction Ratio on Al-Makhraj Account Profit Sharing Ratio on Al-Makhraj Riba-Free Savings Term Deposit Accounts is Rabbul Maal (Depositor) 70% Mudarib (Bank) 30% MCB offers 3 broad Islamic fund based facilities * Ijarah * Mudarabah * Diminishing Musharika Equipment Ijarah MCBs Islamic Ijarah, analogous to the English term leasing, is based on the Ijarah wa Iqtina conce pt which means the sale of the asset to the lessee (customer) after the Ijarah has matured. Under this scheme, MCB will be the owner of the asset, and you (lessee) will be given the asset to use