The bank is authorized to open foreign currency saving accounts for their customers without the prior approval of the State Bank of Pakistan (SBP). All foreign currency accounts are issued from time to time under the SBP’s Foreign Exchange Regulations.
BOK FCY Premium Saving Account Benefits
1. BOK FCY Premium Saving Account provides the facility presently available in US Dollar only.
2. BOK FCY Premium Saving Account provides the facility of deposit slabs having different profit rates available based on higher the deposit, higher the profit rate.
3. BOK FCY Premium Saving Account provides the facility for banks to review the rate of return on a monthly basis and the bank reserves the right to review the rates at any time. It will be displayed on the branch notice board as well as on the bank’s website for the information of all concerned.
4. BOK FCY Premium Saving Account provides the facility of profit payable on minimum monthly balance of the month.
5. BOK FCY Premium Saving Account provides the facility of profit to be accrued on monthly basis but profit payment on bi-annual basis.
6. A minimum balance requirement of US 500 should be kept in account at all times. If the minimum balance is not maintained during the month, service charges will be levied as USD1 per month.
7. BOK FCY Premium Saving Account provides the facility of free SMS Alerts.
8. BOK FCY Premium Saving Account provides the facility of unlimited number of transactions.
9. BOK FCY Premium Saving Account provides the facility of upto 90% financing in PKR against the FCY deposit maintained.
10. Apply of All Other Conditions of Savings Account.
BOK FCY Premium Saving Account Eligibility and Required Documents
1. The account holder must be of Pakistani nationality or outside Pakistan, including those having a dual nationality.
2. All foreign nationals, whether they are abroad or in Pakistan.
3. Joint account in the name of non-residents and residents.
4. All diplomatic missions approved for Pakistan and their diplomatic officers.
5. All the international Organizations in Pakistan.
6. Companies and firms established / incorporated and operating in Pakistan, including foreign shareholders.
7. Foundations, Charitable Trusts etc. which are exempted from Income Tax.
8. Except for all foreign firms / corporations, banks and financial institutions that are involved and operating overseas, provided they are owned by individuals who are eligible to open foreign currency accounts.
BOK FCY Premium Saving Account Profit Rate
The profit rate of BOK FCY Premium Saving Account is 0.95%
For example, if an individual deposits USD. 100,000 in an account then it will be rewarded USD. 950 after a month.
How to Apply for BOK FCY Premium Saving Account
In order to apply for BOK FCY Premium Saving Account, the interested customers should visit the nearest BOK branch and fulfill the application form along with the required documents and submit it with the branch manager.
Bank of Khyber Helpline Numbers
UAN: +92-91-111 95 95 95
Tel: 091 – 5253867