n a r m I a Ran 0 6 0 BE-1

ATM card

ATM card(also known as abank card,client

card,key card, orcash card) is apayment cardprovided by afinancial institutionto its customers which enables the customer to use anautomated teller machine(ATM) for transactions such as: deposits, cash withdrawals, obtaining account information, and other types of banking transactions, often throughinterbank networks.

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ATM card

other types of transactions

throughtelephoneoronline banking, this may be performed with an ATM card without inperson authentication. This includes account balance inquiries,electronic bill payments, or in some cases, online purchases.

credit card
A credit cardis apayment cardissued to users as a system ofpayment. It allows the cardholder to pay for goods and services based on the holder's promise to pay for them.
The issuer of the card creates grants aline of

creditto theconsumer(or the user) from which the user can borrow money for payment to amerchantor as acash advanceto the user.

credit card is different from acharge card: a charge card requires the balance to be paid in full each month.In contrast, credit cards allow the consumers a continuing balance of debt, subject tointerestbeing charged.

Term Deposit
A deposit held at a financial institution that has a

fixed term. These are generally short-term with maturities ranging anywhere from a month to a few years. When a term deposit is purchased, the lender (the customer) understands that the money can only be withdrawn after the term has ended or by giving a predetermined number of days notice.
Also the rate of fixed or term deposits are fairly

high. The longer the period of deposit, the higher is the rate of interest.

PAY ORDER
A Pay Order is a written authorization or statement

for payment, made in a cheque form issued and payable by the bank, to the person named and addressed there in on his giving a proper discharge.

It is issued by and drawn upon and payable by the

same branch of the Bank. It is neither transferable nor negotiable and as such it is payable to the payee named there in.

CALL DEPOSIT RECEIPTS

Its kind of Deposit. This deposit does not offer any income or profit to the Depositors. Call Deposit does not earn any income or profit.
No Zakat is deducted on Call Deposits. Call Deposit Receipt is issued in the name of Beneficiary. Receipt is payable/encashable to beneficiary on proper

discharge through collection/ clearing/ internal transfer.

. When payment is made in cash over the counter, discharge of the purchaser on revenue stamp of required value must be obtained. .CDR is issued in favor of Government, SemiGovernment, Institutions, Corporations, and SemiAutonomous Bodies etc as a security deposit. It is also issued in favor of Individuals.

Demand draft
Ademand draft, also known as atele-check,

or check by phone, check by fax.

It is basically a cheque that contains an order of

one branch of a bank directing another branch of the same bank to pay on demand a certain sum of money to a specified beneficiary (Payee).

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Demand draft

Also it is frequently used to

purchase items over the phone, fromtelemarketers. The checks also allow consumers to pay monthly bills by having them debited automatically out of their accounts, rather than having to write a new check each month.