Provident Fund Solution Account

Provident fund solution account is a type of saving deposit that is opened for adminis­tration of provident funds accounts. It is the account benefits different private organizations and their employees.

Underlying Features of the Product

  • The account can be opened with zero balance in the name of individual employee;
  • The Customers will earn higher interest than normal saving deposit;
  • The Bank may grant a term loan facility to account holders, up to a maximum amount equal to the deposited provident fund amount, for the purchase of consumer durable goods, house, vehicles and/or any other fixed asset;
  • The Bank may provide account statement monthly free of charge.