The Bank of Punjab

The Bank of Punjab (BOP) provides a range of branded products. These services cover individuals, businesses, corporate clients, and the agriculture sector. The bank also offers specific Islamic banking and investment solutions.

Retail and Business Banking Operations

For individuals, the BOP Life Current Account requires a PKR 25,000 monthly average balance. It includes unlimited free chequebook issuance. The BOP Salary Plus Account offers free life insurance for a minimum PKR 50,000 monthly balance. It also provides free outstation cheque collection up to three gross salaries per month. The PLS Saving Bank Account calculates profit using the monthly average balance method. Profit payments occur semi-annually. The BOP Bonus Munafa Term Deposit offers a base profit rate of 14.50% p.a. A bonus profit of +4.00% is available. This bonus requires maintaining 25% of the TD amount in a linked current account. The BOP Basic Banking Account has zero minimum balance. It includes free e-banking and SMS alerts.

Business and corporate clients utilize the BOP Tijarat Account. This account requires a PKR 25,000 monthly average balance for value-added features. It includes free IBFT and ATM/OTC withdrawal insurance up to PKR 25,000 daily. The BOP Yes Business Account is a zero-minimum balance current account. It offers free electronic fund transfers, including IBFT and RTGS. BOP Khaas Banking provides a dedicated relationship manager. It also features tiered pricing on trade finance. BOP Fleet Financing covers two vehicles under a single facility. Repayment tenor extends up to five years. The BOP Electronic Warehouse Receipt Financing advances up to 70% of warehouse receipt value. Collateral is tracked via the Punjab EWR system. The Punjab Rozgar Scheme (PRS) offers subsidized markup financing for SMEs. Its maximum facility size is PKR 5 million.

Islamic and Agriculture Finance Offerings

BOP offers several Islamic banking products. The BOP Meezan Shariah Account operates on a 50:50 profit-sharing ratio between the bank and customer. Account maintenance avoids conventional interest. The BOP Islamic Term Deposit has tenors from 1 month to 3 years. Profit is paid at maturity according to the declared PLS rate. BOP Islamic Auto Financing uses Salam/Murabaha structures. A 20% down payment of the vehicle value is required.

For agriculture, the BOP Agri Kissan Dost Production Loan has a maximum 50:50 debt-to-equity ratio. Pricing is 6M Karachi Interbank Rate + 5% p.a. for individuals. It is 6M KIBOR + 4% p.a. for corporate clients. The BOP Agriculture Non-Farm Loan facility ranges from PKR 0.5 to 10 million. Collateral options include property and equipment. BOP Tractor & Agri Implements Leasing offers a lease tenor up to five years. It requires a 20% down payment of the asset cost. The CM Punjab Kissan Card provides a working capital limit of PKR 100,000. It carries an annual fee of PKR 500. BOP Digital Financing for Agriculture disburses via mobile wallet. It auto-calculates profit on the daily outstanding balance.

Investment and Treasury Services

The Bank of Punjab also provides investment and treasury services. The BOP Money Market Fund publishes NAV daily. It has a minimum subscription of PKR 5,000. The BOP Pension Fund allows asset allocation in equity and debt up to 80:20. It provides quarterly performance reporting. BOP Treasury Bills are available in 3, 6, and 12-month tenors. They utilize competitive cut-off yield bidding.