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Habib Metropolitan Bank Ltd - PDF

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									                           Habib Metropolitan Bank Ltd.
                        LETTER OF REQUEST FOR HMB PREMIUM! DEPOSIT SCHEME


The Manager                                                                                Date:
Habib Metropolitan Bank Ltd
,                       ^B ranch

Dear Sir,

I/We ___^__   _^^_______                      _____^_^_____™_^^
Account No.                   __, __ at your branch, would like to apply for HMB PREMIUM DEPOSIT
SCHEME as introduced by Habib Metropolitan Bank Ltd. (hereinafter called "the bank").

    I understand that by opting for HMB PREMIUM DEPOSIT SCHEME.

      1. The bank will give me/us a quarterly / half yearly profit (calculated in accordance with State Bank
         Regulations for determining profits on PLS deposits) after deducting applicable Zakat and/or tax as may
         be prescribed by the Government from time to time.
      2. In case of premature withdrawal, 2% fee of the deposit amount or the amount of profit paid until the date
         of premature withdrawal, whichever is lower will be deducted.
      3. I/We am/are entitled for a Term Finance facility up to 80% of my deposit in the HMB PREMIUM
         DEPOSITSCHEME,
      4. Government Levies and/or Zakat will be applicable as per rules.
      5. Upon maturity, the principal (net of Zakat and Govt taxes) will be credited to my above mentioned account,

    I would like to place my funds in the following tenor and denominations:
             Tenor             Denomination                  Number of         Profit Payment       Total Amount
                                  (PKR)                      Placements        Qtr. / Half yearly      Placed
             01 year
            03 years
            05 years
                                                            TOTAL (PKR)


      With this letter, I / We authorize you to debit my above mentioned account with a sum of Rs.,
      Rupees (                    _      __           ____,       __) and place the same in HMB PREMIUM
      DEPOSIT SCHEME forthe period/s mentioned above.

      The above instructions are unconditional and irrevocable.

      With this letter I / We give the bank, standing instructions to credit my above mentioned account with
      quarterly / half yearly profit as accrued from time to time under the HMB PREMIUM DEPOSIT SCHEME
      and debit the above account with the Mark-up chargeable on the amount of term-financing which if I avail
      against the HMB PREMIUM DEPOSITSCHEME.

      The bank reserves the rights to cancel or amend the scheme / terms & conditions without any prior
      intimation/notice.


      Yours sincerely




      20/09/09/T.E.

								
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