Standard Chartered Bank (Pakistan) Limited

Standard Chartered Bank (Pakistan) Limited provides a wide array of banking services. It offers personal banking, Islamic banking, and solutions for SMEs and corporates. The bank also focuses on transaction banking, digital channels, and wealth management.

Personal and Islamic Banking

Standard Chartered offers various personal accounts. The Basic Savings Account calculates profit daily; it is credited bi-annually at 10.5% APR. The Super Save Account provides instant access to funds with a variable profit rate linked to a benchmark. The High Yield Account has flexible tenors from 7 days to 3 years, offering tiered returns up to 10.5% APR. A Basic Banking Account requires no minimum balance; access is via ATM and online channels. The Foreign Currency Deposit Account supports USD, GBP, and EUR; interest is paid at currency-specific rates. The Roshan Digital Account is a non-resident PKR-denominated account, integrating with stock and debt markets.

The bank provides various cards and loans. The Standard Chartered Debit Card uses contactless MasterCard technology. ATM cash-advance is available up to 90% of the balance. The Standard Chartered Personal Loan has a fixed-rate and a 15-year tenor. Repayment occurs via auto-debit from an SC account. The MasterCard Titanium Credit Card offers 5% cashback on supermarket spend up to PKR 10,000. Cash advance is up to 40% of the limit. The Visa Platinum Credit Card earns 1 Reward Point per PKR 40 spent. It includes 6 complimentary lounge visits annually via LoungeKey. The MasterCard Cashback Credit Card provides 1.25% cashback on dining and utilities. It features a dynamic spend-based cashback cap. The MasterCard EasyCard includes an auto-pay facility for recurring bills. A minimum monthly payment option is 1% of the outstanding. The MasterCard WorldMiles Credit Card earns 1 World Mile per PKR 40 spent. It offers 12 complimentary global lounge visits annually.

Standard Chartered also offers Saadiq Islamic banking products. The Saadiq Current Account uses a Commodity Murabaha structure. Zero profit applies if the balance is maintained above a threshold. The Saadiq Savings Account has a daily-declared profit rate. There is no profit-sharing adjustment for partial withdrawals. The Saadiq Murabaha Mastercard Platinum offers 5% cashback on dining, groceries, and e-commerce. Profit is charged on the Murabaha cost price. The Saadiq Visa WorldMiles Credit Card features Shariah-compliant world-miles accrual. Its profit margin is fixed for 4-year card validity. The Saadiq Ujrah Platinum Credit Card has a fixed Ujrah fee structure. Full payment is required each cycle with no revolving limit.

SME, Business, and Transaction Banking

For SMEs and businesses, conventional accounts are available. The Basic Current Account (Conventional) waives the minimum monthly average balance for SMEs. Real-time clearing is facilitated via Straight2Bank. The Basic Savings Account (Conventional) offers tiered profit linked to 6-month KIBOR. An instant balance sweep to a call deposit is an option.

Saadiq Islamic business accounts are also provided. The Saadiq Current Account (Business) uses an agent-based Commodity Murabaha structure. This account adheres to Shariah principles, avoiding Riba and Gharar. The Saadiq Savings Account (Business) offers a fixed profit rate. Receipts are issued on Commodity Murabaha transactions.

The bank supports business finance and trade. Business Property Finance offers a loan-to-value (LTV) up to 70% of property value. It provides a variable tenor up to 15 years. Letters of Credit (LC) include advising and confirmation services. Automated documentary checking is handled via Trade Track-It. Straight2Bank is a digital banking platform for SMEs and corporates. It features secure soft-token and biometric login. A real-time cash-flow dashboard and bulk-payment upload are included.

Transaction banking and trade finance products are available. Straight2Bank Pay offers unified digital payments (QR, API, e-invoicing). It provides automated reconciliation via ERP integration. Import Financing offers pre- and post-shipment financing against LCs. Interest is linked to 3-month KIBOR. Export Financing Products provide working capital against export orders. Tenor is up to 180 days. Shipping Guarantees are issued on demand. Indemnity is held centrally in Straight2Bank. Performance Bonds & Guarantees are custom-priced by margin above risk-weighted asset charge. These are issued via Straight2Bank.

Digital Channels and Investments

Standard Chartered provides robust digital channels. The SC Mobile App offers over 30 banking services, including funds transfer and bill payment. Biometric authentication (Face ID/Touch ID) is available. Online Banking (SC Online) uses multi-factor authentication. Real-time transaction alerts are provided via SMS and e-statement.

The bank offers investment and wealth management services. Term Deposits are available for 10 days to 3 years. They are denominated in PKR or FCY. An auto-renewal option is provided with a notified profit rate. Mutual Funds (via SC Investments) offer access to in-house and third-party funds. Online SIP setup and tracking are supported. Premier Banking includes a dedicated relationship manager. Consolidated portfolio reporting is accessible via Straight2Bank.