AB Bank launches Family Savings
Friday, 12 November 2010
AB Bank Limited has launched a new product, Family Savings Plan (FSP) with attractive features for clients across various walks of life.
The professionals like wage earners, salaried individuals, doctors, architects, consultants, lawyers, educationists, journalists etc are included in the FSP.
The FSP customers will have the opportunity to save their hard earned money for their better future. Designed as a long term savings scheme for every household, anyone can open the FSP account with an initial deposit with the flexibility to deposit fixed monthly installments or any amount, any time.
There is no binding as to 'Compulsory Deposit' every month. Customer can choose the tenure of the product ranging from 3 to 20 years whichever suits for him/ her. Interest will be accrued monthly and credited to same account bi-annually; no periodic charges will be deducted.
Moreover, charges for setting up and running standing instruction will be waived and there is no penalty for failure in depositing pre determined fixed installments.
The product was launched in a simple ceremony at the Head Office of the bank and concurrently at all the branches of the bank across the country.
The professionals like wage earners, salaried individuals, doctors, architects, consultants, lawyers, educationists, journalists etc are included in the FSP.
The FSP customers will have the opportunity to save their hard earned money for their better future. Designed as a long term savings scheme for every household, anyone can open the FSP account with an initial deposit with the flexibility to deposit fixed monthly installments or any amount, any time.
There is no binding as to 'Compulsory Deposit' every month. Customer can choose the tenure of the product ranging from 3 to 20 years whichever suits for him/ her. Interest will be accrued monthly and credited to same account bi-annually; no periodic charges will be deducted.
Moreover, charges for setting up and running standing instruction will be waived and there is no penalty for failure in depositing pre determined fixed installments.
The product was launched in a simple ceremony at the Head Office of the bank and concurrently at all the branches of the bank across the country.