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    All You Need To Know About Ubl Funds Fauripaisa!: Fauripaisa Withdrawal Limits (RS)

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    Nida Naseer
    UBL Funds FauriPaisa is a new service that allows customers of certain UBL funds to instantly redeem their investments and transfer the proceeds to their bank account. Eligible redemptions between Rs. 1,000-100,000 per day from funds like the UBL Liquidity Plus Fund can qualify for instant transfer, while larger or multi-fund transactions will be processed normally. The FauriPaisa service provides a convenient way for UBL customers to access their investment balances in real time.

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    All You Need To Know About Ubl Funds Fauripaisa!: Fauripaisa Withdrawal Limits (RS)

    Uploaded by

    Nida Naseer
    536 views2 pages
    UBL Funds FauriPaisa is a new service that allows customers of certain UBL funds to instantly redeem their investments and transfer the proceeds to their bank account. Eligible redemptions between Rs. 1,000-100,000 per day from funds like the UBL Liquidity Plus Fund can qualify for instant transfer, while larger or multi-fund transactions will be processed normally. The FauriPaisa service provides a convenient way for UBL customers to access their investment balances in real time.

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    FauriPaisa-FAQs

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    UBL Funds FauriPaisa is a new service that allows customers of certain UBL funds to instantly redeem their investments and transfer the proceeds to their bank account. Eligible redemptions between Rs. 1,000-100,000 per day from funds like the UBL Liquidity Plus Fund can qualify for instant transfer, while larger or multi-fund transactions will be processed normally. The FauriPaisa service provides a convenient way for UBL customers to access their investment balances in real time.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    536 views2 pages

    All You Need To Know About Ubl Funds Fauripaisa!: Fauripaisa Withdrawal Limits (RS)

    Uploaded by

    Nida Naseer
    UBL Funds FauriPaisa is a new service that allows customers of certain UBL funds to instantly redeem their investments and transfer the proceeds to their bank account. Eligible redemptions between Rs. 1,000-100,000 per day from funds like the UBL Liquidity Plus Fund can qualify for instant transfer, while larger or multi-fund transactions will be processed normally. The FauriPaisa service provides a convenient way for UBL customers to access their investment balances in real time.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    All you need to know about UBL Funds FauriPaisa!

    What is UBL Funds FauriPaisa?


    UBL Funds FauriPaisa is a new feature allowing customers to redeem their investments instantly into
    their bank account.

    Yes! Through UBL Funds FauriPaisa now you can get your redemption amount transferred on real time
    basis into your verified bank account. The service is currently available for UBL Funds Online customers
    only.

    Do all transactions qualify for FauriPaisa?


    Any redemption transaction with an amount equivalent up to 60% of the current balance from the
    eligible investment scheme can qualify for FauriPaisa.

    FauriPaisa withdrawal limits (Rs)*:


     A minimum of Rs.1,000/ per transaction and
     A maximum of Rs.100,000/per day product wise OR up to 60% of the available balance
    from the eligible investment scheme(s) (whichever is lower).

    Eligible Investment Schemes for FauriPaisa*:


     UBL Liquidity Plus Fund (ULPF)
     UBL Money Market Fund (UMMF)
     Al-Ameen Islamic Cash Fund (AICF)
     Al-Ameen Islamic Sovereign Fund (AISF)

    Note: Only amount based transactions will be eligible for FauriPaisa. Transactions submitted in
    percentage (%) or Units terms will automatically be queued for normal processing.

    *Withdrawal limits and eligible schemes are subject to modifications.

    How many transactions can I avail in a day?


    You can place multiple online transactions in a single day however if any of the submitted transactions
    qualify for FauriPaisa then the system will notify you of the same and will process it instantly while rest
    of the transaction(s) will be queued for normal processing.

    Is the maximum per day withdrawal limit of Rs.100,000/- product wise?


    Yes, the withdrawal limit is Rs. 100,000 product wise.

    If I am managing balances in multiple funds, how would withdrawal work against these funds?
    UBL Funds Online allows you to make fund wise withdrawal and notifies you whether the transaction
    falls under FauriPaisa for instant processing or not.
    What if I submit physical transaction for redemption and on next day apply for FauriPaisa of the
    same amount from same fund? What will happen to my physical transaction?
    FauriPaisa transaction will be processed instantly followed by back end settlements whereas, the
    physical transaction has longer processing time due to the necessary due diligence involved, so If the
    balance in your account is not sufficient after FauriPaisa transaction, the physical transaction will be
    marked discrepant otherwise it will be executed as per process.

    In case any technical error appeared after making transaction, what will happen?
    In case of technical error after transaction, the customer will receive unsuccessful transaction email and
    the transaction will be treated as normal instead of FauriPaisa.

    Which transaction channels can be used for this facility?


    Currently, the FauriPaisa facility is available for UBL Funds Online customers only.

    At what Unit Price will my Units in a UBL Fund will be redeemed when I use UBL Funds FauriPaisa?
    After making the Instant upfront payment to customer the transaction will be reconciled at the applicable
    redemption price for that particular day. If the transaction is carried out after the cut-off timings, the next
    Dealing Day Unit Price will be applicable.
    Note:
     The transaction details will be available on your account statement within 2 business day(s).
     All the relevant charges will be applicable

    Can I avail FauriPaisa service while managing my account from abroad?


    Yes, the FauriPaisa service is available to all customers as per the eligibility criteria however the
    instant payment can only be made in your verified PKR bank account being maintained here in
    Pakistan.

    Who should I contact in case of any difficulty or for any further queries?
    You may reach us through any of the following means:
    Helpline: 0800-00026 | For Overseas: (+9221) 35622781 | Email: CustomerCare@UBLFunds.com

    Are there any additional charges on transactions through FauriPaisa?


    No, UBL Funds FauriPaisa service is absolutely free.

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