(BRANCHLESS BANKING) For the Period of April-2024 to June-2024
SCHEDULE OF CHARGES | Branchless Banking easypaisa PRODUCTS Over the Counter (OTC) Products:
1. Money Transfer (CNIC to CNIC)
Transaction Amounts Service Fee (Incl. Tax)
PKR 1 to PKR 1,000 PKR 35 PKR 1,001 to PKR 2,500 PKR 50 PKR 2,501 to PKR 4,000 PKR 65 PKR 4,001 to PKR 6,000 PKR 80 PKR 6,001 to PKR 8,000 PKR 90 PKR 8,001 to PKR 10,000 PKR 105 PKR 10,001 to PKR 13,000 PKR 120 PKR 13,001 to PKR 16,000 PKR 130 PKR 16,001 to PKR 20,000 PKR 155 PKR 20,001 to PKR 25,000 PKR 170
2. Utility Bill Payment (OTC)
➢ PKR 0.00 (This product is free for customers)
3. International Home Remittances
➢ PKR 0.00 (This product is free for customers
SCHEDULE OF CHARGES | Branchless Banking
Mobile Account (MA) Products: 1. New Mobile Account Opening
➢ PKR 0.00 (New mobile account opening is free for customers)
2. Biometrically Verified Money Transfer from CNIC to easypaisa Account
Transaction Amounts Service Fee (Incl. Tax)
PKR 0 to 1,000 25 PKR 1,001 to 2,500 30 PKR 2,501 to 4,000 40 PKR 4,001 to 10,000 55 PKR 10,001 to 20,000 120 PKR 20,001 to 30,000 200 PKR 30,001 to 40,000 275 PKR 40,001 to 50,000 350
3. Money Transfer from easypaisa Mobile Account to a CNIC
Transaction Amounts Service Fee (Incl. Tax)
PKR 1 to PKR 1,000 55
PKR 1,001 to PKR 2,500 110 PKR 2,501 to PKR 4,000 160 PKR 4,001 to PKR 6,000 215 PKR 6,001 to PKR 8,000 270 PKR 8,001 to PKR 10,000 320 PKR 10,001 to PKR 13,000 375 PKR 13,001 to PKR 16,000 430 PKR 16,001 to PKR 20,000 500 PKR 20,001 to PKR 25,000 600
4. Transfer-out from easypaisa Mobile Account to Telenor Microfinance Bank Account
➢ PKR 0.00 (This transaction is free for customers)
SCHEDULE OF CHARGES | Branchless Banking
5. Money Transfer from easypaisa Mobile Account to easypaisa Mobile Account ➢ PKR 0.00 (This product is free for customers)
6. Utility Bill Payment (MA)
➢ PKR 5.00 each for first 3 transactions in a month.
➢ PKR 20.00 (Incl. Tax) for each transaction after 3 transactions in a month ➢ PKR 30.00 (Incl. Tax) for each transaction after 9 transactions in a month
Note: Fee for Bills paid through Paypro, Kuickpay and such aggregators are charged separately as per their charging schedules. (Amounts could vary from bill to bill)
7. Mobile Load (Easyload) (MA)
➢ PKR 0.00 for first 5 transactions in a month
➢ PKR 2.00 (Incl. Tax) for each transaction after 5 free transactions in a month ➢ PKR 5.00 (Incl. Tax) for each transaction after 10 transactions in a month
8. Mobile Packages (Bundles) (MA)
➢ PKR 0.00 for first 5 transactions in a month
➢ PKR 1.00 (Incl. Tax) for each transaction after 5 free transactions in a month ➢ PKR 2.00 (Incl. Tax) for each transaction after 10 transactions in a month
9. Mini Statement
➢ PKR 0.00 (This transaction is free for customers)
PKR 1 to PKR 200 PKR 7 PKR 201 to PKR 500 PKR 12 PKR 501 to PKR 1,000 PKR 20 PKR 1,001 to PKR 2,500 PKR 40 PKR 2,501 to PKR 4,000 PKR 70 PKR 4,001 to PKR 6,000 PKR 100 PKR 6,001 to PKR 8,000 PKR 130 PKR 8,001 to PKR 10,000 PKR 180 PKR 10,001 to PKR 13,000 PKR 230 PKR 13,001 to PKR 16,000 PKR 280 PKR 16,001 to PKR 20,000 PKR 330 PKR 20,001 to PKR 25,000 PKR 380 PKR 25,001 to PKR 30,000 PKR 470 PKR 30,001 to PKR 40,000 PKR 560 PKR 40,001 to PKR 50,000 PKR 690
➢ Withholding Tax on cash withdrawals is @ 0.6% of aggregate cash withdrawals (by non-filers) exceeding PKR 50,000 in a day.
14. Transfer-in from Telenor Microfinance Bank Account to easypaisa Mobile Account
➢ PKR 0.00 (This transaction is free for customers)
15. Funds Transfer – IN from Other Bank Account / Debit Card /Credit Card using account linking.
➢ Pulling funds into MA from other bank accounts - 2% (Incl. Tax) of Transaction amount ➢ Pulling funds into MA from Debit/Credit Cards – 3% (Incl. Tax) of Transaction amount
16. Debit Card
➢ PKR 1000 (Incl. Tax) (VISA easypaisa Debit card)
➢ PKR 999 (Incl. Tax) (Union Pay easypaisa Debit card) ➢ PKR 1000 (Incl. Tax) (PayPak easypaisa Debit card) ➢ PKR 500 (Incl. Tax) (Visa easypaisa Online Debit card)
17. ATM Cash Withdrawal
➢ Service Fee on any ATM withdrawal amount will be PKR 30 (Incl. Tax & 1-link Charges) ➢ 1-link charges of 3.13 will be applied on ATM cash withdrawal Receipt Printing. ➢ ATM cash withdrawal is free from Telenor Microfinance Bank branch ATMs.
18. ATM Balance Inquiry (1-Link & Telenor Microfinance Bank ATM)
➢ PKR 2.50 (Incl. Tax) per inquiry
➢ 1-link charges of 3.13 will be applied on Balance Inquiry Receipt Printing.
19. ATM Balance Inquiry (M-net)
➢ PKR 5.80 (Incl. Tax) per transaction
20. Inter Bank Funds Transfer (IBFT)
➢ Free of charge up to monthly aggregated limit of Rs.25,000 per user.
SCHEDULE OF CHARGES | Branchless Banking
➢ 0.1% fee (including tax) will be charged on transaction amount exceeding monthly aggregated limit of Rs. 25,000 or Rs.200 (including tax) whichever is lower.
21. International Home Remittances
➢ PKR 0.00 (This transaction is free for customers)
22. Term life and accidental life insurance
➢ Rs.800 yearly (each unit, allowed max 2 units)
➢ Rs. 2 Daily Tahafuz plan ➢ Rs. 50 Monthly Tahafuz Plan ➢ Rs. 75 Monthly Tahafuz Plus Plan ➢ Rs. 500 Annual Tahafuz Plan
23. Mobile Protection Plan
➢ Rs.100 monthly and Rs.1000 annual (all incl. of tax price) against theft/snatching insurance for up to Rs.10,000 pro-rate insurance benefit for a year.
App USSD Service Fee Loan Cycle 1' - 10 5% 20% Loan Cycle 11 - 20 4.50% 18% Loan Cycle 20+ 4% 16% No 5% on outstanding principal implemented 2 days Late Fee of Grace Period from due date Weekly fee to be compounded on outstanding Flat 30-day fee on principle amount Frequency principal every 7 days, up-to maximum of 40% in 8 weeks.
27. BNPL (Buy Now, Pay Later) – APP Only
➢ For Airtime & Bundles:
Credit Score Rating Category 7 Day 14 Day Excellent 0% 0% Very Good 3.5% 7% Good 5% 10% Fair 10% 20%
SCHEDULE OF CHARGES | Branchless Banking
➢ For Utility Bill Payments: Credit Score Rating Category 15 Day 30 Day Excellent 0.0% 0.0% Very Good 7.5% 15.0% Good 10.0% 20.0%
➢ Late payment fee: 5% of outstanding principal amount.
28. Online Payments
➢ PKR 0.00 or 0% (This transaction is free for customers)
29. Retail Payment (Till & QR)
➢ PKR 0.00 (This product is free for subscribers)
30. Account Inactivity Fee
➢ PKR 50.00/monthly (Only applicable if there is no transaction in the account for 12 months.
31. Asaan Digital Account
➢ PKR 75.00 on each application submission (successful or unsuccessful)
32. In-App BVS (Biometric verification on App)
➢ PKR 99.00 on each application submission (successful or unsuccessful)
33. SMS Alert
➢ PKR 0.00 Digital SMS Charges*
➢ PKR 30.00 (Incl. Tax) per month**: = Non-Digital SMS Charges***
➢ Telenor Microfinance Bank Ltd does not charge its customer for calling their helpline.
NOTE:
• FED will be recovered as per regulation.
• Cash withdrawal charges will be deducted from your Mobile Account. There is no need to pay the charge in cash to the Agent. • Transaction limits are enforced where applicable. • * Digital Transactions relate to digital/self-service channel. • ** Bank may charge lower or up to the mentioned charges/fee. • ***Financial Alerts on transactions carried out Over the Counter or at the Agent Location i.e., Cash-In/Cash-Deposit, Cash-Out/Cash- Withdrawal, etc.
