Mobilization of Deposits

make transfer mobilisation of limits in situateing 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 Thanks to churchman ALLAH who had made us able to complete this exteriorize with the true knowledge. Special thanks are ascribable 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 thankful to our fri windups, who help us a lot during this course of project. Table of content 1) stay put-4 2) Current invoices-4 3) HBL Freedom fib4 4) HBL argumentation Value account disputation-4 5) status Accounts-5 6) HBL Advantage Account-5 7) Investment incontrovertible Deposit 5 8) savings Accounts 5 9) PLS Savings Account-6 10) Remittance Munafa Plus Savings Account6 11) unconnected silver Accounts7 12) Mobilization of deposits-8 13) HBL Car Loan 8 14) HBL Car To Car9 15) HBL Credit pla elevator card10 16) HBL dwelling house Loan11 17) HBL INVESTMENT BANKING 13 18) HBL Zarai riming14 19) MCB Islamic canting- 17 20) Al-Makhraj Saving Account 17 21) IANAT Account18 22) Al Makhraj Term Deposit20 23) Ijarah20 24) Murabahah -21 25) Diminishing Musharika Equipment-21 Abstract Banks in general adopt following strategies to mobilize their Deposits in devil categories 1- Demand Deposits which are payable to the owner on demand i. e Savings Accounts Current Account etc. 2- Time Deposits.These are Fixed Deposit for miscellaneous tenors ranging from month to 10 long term and are payable at maturity. * Banks accept Deposits from institutions like political science institutions, public ltd and Private limited companies and Trusts etc. * Banks accept Deposits from general public by launching various Deposit schemes catering the needs of every segment of society and offer attractive arrive at rank on these schemes. * For example HBL offers HBL Money club Account to kids up to the age of 18 and offer cash dispenser Card (with restricted Limit) and attractive Profit Rates up to 7. 55% to attract the youngsters who will later prefer to maintain their Account with HBL till life time. For vexationmen who frequently trans base money to and from their Accounts to piss their stage business honorariums HBL offers Freedom Account in which they can make Drafts of unlimited Number and amount and relax online funds transfer by maintaining borderline daily balance of Rs. 25,000. 00/- besides. This strategy attracts huge numbers of businessmen to HBL which has competitive advantage of largest Network of branches in every city of Pakistan with online easiness. * For customers mostly businessmen who want take in on daily basis HBL Offers HBL Daily Progressive Account on which meshing is calculated on daily basis and credited into customers Accounts at month end. * Similarly to encourage the remittances by expatriates through banking channel HBL offers RMPA Remittance Plus Munafa Accounts. * HBL mobilizes its deposits in the form of investments in projects and give loanword to corporations as well as to the consumer.HABIB BANK LIMITED DEPOSITS There are different types of deposits account. Current Accounts Make unlimited proceedings magical spell maintaining a low minimum balance every month. Current Account of HBL * stripped-down balance of Rs. 5,000 * unconditioned legal proceeding * Non-profit bearing * HBL Debit Card and suppress Branch Transaction System (IBTS) facilities * specie transfer to either bank through HBL visit Banking Basic Banking Account (BBA) * Can be opened with only Rs. 1,000 * No minimum balance requirement * Up to 2 withdrawal and 2 deposit transactions drop off every month * Unlimited withdrawals through HBL Debit Card * Non-profit bearing HBL Freedom AccountUse your money as you please with HBL Freedom A ccount. Rest free from worries and expand your business with unusual accessibility. HBL Business Value Account * No minimum balance requirement * HBL Debit Card and lay Branch Transaction System (IBTS) facilities * Unique transactional account for Businessmen * Up to 10 Bankers Cheques free (at minimum balance of Rs. 500,000) * Profit calculated daily, salaried every quarter * Up to 5. 35% profit per annum * Funds transfer to any bank through HBL Phone Banking. * Nominal periodic maintenance charge of Rs. 50 Term Accounts Invest your savings in our term deposits for a fixed duration and earn profit while keeping your savings secure.HBL Advantage Account Term Profit per annum 1 Year 12. 00% 3 Year 14. 00% 5 Year 15. 00% 10 Year 18. 00% twofold options for tenure and profit payout. Loan inst wholeing up to 90% of investment. tokenish investment of Rs. 25,000. climb-down at end of fixed term. Investment Plus Deposit * Profit paid at maturity * stripped investment of Rs. 20 million * Multiple options for tenure and profit payout * Withdrawal at end of fixed term * Account for Institutions Savings Accounts assist 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 ranges from Rs. 10,000 to Rs. 1,000,000 * Two 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 plus Savings Account * Special account for receiving unlike remittances * 5. 12% profit per annum * Profit paid every month * Minimum balance of Rs. 20,000 Daily Munafa Account Profit calculated daily, paid every month * Up to 8. 84% profit per annum * HBL Debit Card and Inter Branch T ransaction 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 reaping, with rates depending on choice of currency * To earn profit, minimum balance should be 1000 USD, EUR or GBP * Interest is payable on a every quarter 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 produce, with rates depending on choice of currency and term * Pr ofit 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 * Choice of utilise, rude(a) local/imported and reconditioned imported car. * Repayment options ranging upto 7 days. * Up to 85% of financing for the car of your choice. * Insurance at all times for complete peace of mind and security. * measure the clock support available through HBL Phone Banking you can place your requests and queries, track the status of your refund/loan account and avail other assess-added services through HBL Phone Banking. Eligibility criteria stipendiary Individuals Self-Employed Business persons/ Professionals Citizenship Pakistani Pakistani Age 22-60 yrs 22-65 days Minimum monthly income Rs. 20,000 Rs. 25,000 Documentation Salaried Individuals replica of CNIC 2 recent passport surface pho tographs Latest original salary slip and individualized bank statement for exit 3 months Self-Employed Business persons/Professionals Copy of CNIC 2 recent passport surface photographs Bank statement for last 6 months and bank letter confirming details of account proofread 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(prenominal) 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 wrong and the pre-agreed counterweight harbor to the bank. As a result, the monthly installment may even be 40% to 50% less than that of conventional financing make headway 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 wi ll not have to pay off the cars residual assess. Instead, we will directly settle this outstanding liability for you under the buy back guarantee. Hence, you can do work forward to a new car as frequently as two years* without any contortion and hassle. Pay only for what you useWhen you lease a car under HBL Car To Car, you only pay for that dispel of the cars value that you use during the lease term.The cars residual value* (forecasted for the end of the specific lease term) is agreed with you at the start of the lease term. This amount is deducted from the car price thus lowering the finance amount. This finance 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 Simply return the car to HBL and drive a new one home * Walk outside(a) Return the car to HBL and end the lease * Buy Keep the same car.Just make a one-time shutdown of the cars residual value to HBL or pay the same in easy installments everyplace a specified extended period of time * Sell 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 world of wash room and flexibility. Accepted at over 29 million merchants worldwi de, HBL Credit Card makes shopping fun and paying simple. So make the most of your shopping experience. Gold Card Green Card Rupees Minimum staring(a) 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 foundation Loan HBL Home Loan offers financing options to purchase a new house or rectify an existing house.Outright purchase The outright purchase loan option provides financing for buying a new house. Home improvement Home-improvement loan option provides financing for renovating your house. Outright Purchase Descriptors Home Improvement/ return 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 amount (as % of appraised value of the property) 70% 5 years Property lease (years remaining at the time of loan maturity) 5 years Born e by the Bank Property insurance Borne by the Bank Primary applicant and co-borrower Life 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) Permanent 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 Employment Permanent employees Minimum 1 year experience 6 months experience with confirmed employment status in the current job. Contrac tual employees Minimum 2 years work experience. Third party contractual not eligible. Minimum 2 years experience in personal business Documentation Salaried Individuals * CNIC imitate * 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 format * Latest one year bank statement * Partnership Deed * Registered Form C * Memorandum, clause of association and registered Form 29 A (applies to company directors) * Copies of property documents muniment of bank charges Application processing charges (including 16% FED) Rs. 7,000/- (non-refundable) Early settlement charges 4. 7% of outstanding headspring 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 worth of over USD 2 billion. This is a testament to the out-of-box thinking and the forward-looking yields we bring to our customers.The Investment Banking Group functions in three specialist business areas Project Finance, Debt detonator Markets & Syndications and Equity smashing Markets & Advisory. Project finance The bulk of HBLs project finance practice revolves around the power sector. preceding to the power policy of 2002, HBL actively pioneered Project Finance in Pakistan through the funding of a gas-fired co-generation plant (94 Megawatts of power and desalination of 3 million gallons per day). Subsequent to the 2002 power policy, HBL continues to present a fervent fibre in the sector and is the only Investment Bank that was Lead Advisor to all IPP transactions that achieved fiscal close.In the fertilizer sector, HBL financed the largest local currency financing in Pakistan, worth PKR 23 billion, as well as a green field 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 placed and listed TFCs, term finance facilities, commercial papers, etc. HBL compete the lead part 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 growing company in the consumer durables sector and many tier-2 capital transactions for commercial banks. Equity & AdvisoryHBL offers a breadth of equity and ad visory products including innovative capital raising techniques, restructurings, public and private equity placements and mergers & acquisitions. The HBL team played a pivotal role across several sectors, including energy, agriculture, consumer products, fertilizers, etc. , for raising various forms of equity and quasi-equity. Recently, HBL structured a convertible debt honour 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 nutriment and beverages sector. HBL ZaraiBankingHBL ZaraiBanking facilities are spread across the country and provide financing through more than 800 of our branches. HBLs front in all agriculture belts of the country ensures easy access to arouseers in rural areas. HBL ZaraiBanking provides loans to small-scale vote down owning farmers as well as large institutionalized and alliance based finance, enhancing agricul tural harvest and, in turn, economic output of the country. intersections HBL ZaraiBanking enables farmers to invest in premier quality 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. maturate ImplementsFinance available for purchase of farm implements & machinery like combined harvester, sprayers, ploughs, tube wells and other crop-related tools/implements. Tractors/ rural Vehicles Finance available to individual farmers, self-employed tractor operators, providing the option to select vehicles from a range of different manufacturers. parentage Finance available for feed, medicines, raw material, raising charges and other related activities. Poultry Finance available for all poultry related activities including poultry farm construction/equipment, hatchery plant & machinery, poultry feed, poultr y medicines, composite feed production, poultry processing and other related activities. Fish Farming Finance available for inland angle 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 Joint finance facility for a group of farmers with small land spend a pennyings for working capital requirement. MCB Islamic banking Islamic Banking role was formed with effect from 1st January 2003, which in a short span of time, has developed sufficient expertise, requirement infrastructure, information technology, and manpower to run Islamic Banking Operations and offer Islamic Banking Products. Mission statement To play a dynamic role in promotion of Islamic Banking and win customers trust by providing shariah compliant financial services. VisionTo become a leader among Islamic Banks of the co untry 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 used 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 Facility shariah law = Meets requirements for Shariah Compliance Additional Features * Personalized Cheque books * Withdrawal Facility from standard atmosphere/ Debit Card * Online deposit as per banks policy * Virtual Banking * Call Centers Facilities * 6-monthly profit payment on the basis of monthly declared rates * Issuance of duplicate statement of account (as per SOBC) * Free bank balance certificates (once in 6 mont hs) * Taking stop payment/ hold mail/ standing instruction manual * No penalty if balance go below minimum level. * Personal financial consultancy services (regarding Shariah Compliant products) * Utility bill payment via ATM card * Choice of statement frequency (as per entry 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 highly recommended for management of business funds. Details 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 pay ment via ATM card E Virtual Banking F Call digest 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 required 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 Available1 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 example needs of customers Minimum Deposit requirements lower than most banks so it is more getatable/ 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 Sharing 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 concept which means the bargain of the plus 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 th e asset to use