Key features of the product
• Fixed Profit rate of 14.5% per year payable every 6 months for a tenor of 3 years
• Minimum investment of Rs. 25,000 with increments of Rs. 5,000
• Profit earned from the first day of investment
• Profit deposited directly into your bank account for added convenience
• Rated “AA” which denotes very high credit quality
• Free pickup of application form right from your doorstep
• No minimum holding period so investments can be encashed anytime subject to service charges of 2% on the investment balance for encashment before completion of 3 years
• Available for purchase till January 15, 2011. Multiple applications are allowed.
Above are some of the very attractive features of the product. As a consumer it’s a very attractive opportunity to invest my money for future when they are offering more than the any bank and engro is one of the leading organizations in Pakistan where everyone wants to invest in such type of organization. Nowadays Engro is having a very huge cash flow problem because of the flood the fertilizer side got slow and have invested a huge capital in Power Generation Business and Rice Business with apparently no return. So they have to balance it quickly. As a result of this they came up with this new product which is effective for consumer and will go in the favor of the organization as well. Also, you can find the profit calculator on the site that will help you in forecasting your profit.
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