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PRODUCT DISCLOSURE SHEET (PDS)BASIC CURRENT Account
Date : ___[The date is to be filled in by Sales Personnel]1. Read this Product Disclosure Sheet before you decide to take the
Basic Current Account
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How to fill out basic current account-i
How to fill out basic current account-i
01
Visit your bank or financial institution that offers the basic current account-i.
02
Fill out the account opening form with your personal details such as name, address, contact information, and identification details.
03
Provide any additional required documents such as proof of identity and address.
04
Agree to the terms and conditions of the account-i, including any fees or charges.
05
Make an initial deposit into the account as required by the bank.
06
Receive your account-i details and start using the account for your banking needs.
Who needs basic current account-i?
01
Individuals who want a basic and Shariah-compliant current account.
02
Those who are looking for a simple and transparent banking solution.
03
Customers who prefer to avoid paying or receiving interest on their account balance.
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What is basic current account-i?
A basic current account-i is a banking product that allows individuals or businesses to manage their day-to-day transactions while complying with Islamic banking principles.
Who is required to file basic current account-i?
Individuals or businesses that maintain a basic current account-i and engage in financial transactions that need to be reported are required to file.
How to fill out basic current account-i?
To fill out a basic current account-i, users need to provide personal or business details, account number, transaction information, and any other required documentation as specified by the bank.
What is the purpose of basic current account-i?
The purpose of basic current account-i is to facilitate everyday banking transactions while adhering to Islamic finance principles, providing individuals and businesses with essential banking services.
What information must be reported on basic current account-i?
Information that must be reported includes transaction amounts, dates, parties involved, and a summary of account activity as required by the banking authority.
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