To cater to your liquidity needs we are all set to bring another exclusive service: UBL Funds’ FauriPaisa. Indeed this FauriPaisa is really quick, because you are no longer required to wait for day(s) to get hold of the redemption amount anymore! Simply log-on to UBL Funds Online and place your redemption request, and if it qualifies the given criteria, the system will process it Fauri in your bank account otherwise the transaction will be processed as per the standard processing time.
Currently the service is available for UBL Funds Online users and will soon be offered through other channels.
Eligible Investment Schemes for UBL Funds’ FauriPaisa*:
- UBL Liquidity Plus Fund (ULPF)
- UBL Money Market Fund (UMMF)
- Al-Ameen Islamic Cash Fund (AICF)
- Al-Ameen Islamic Sovereign Fund (AISF)
Withdrawal limit for UBL Funds’ FauriPaisa:
- 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).
*Note: Only amount based transactions will be eligible for FauriPaisa. Transactions submitted in percentage (%) or Units terms will automatically be queued for normal processing.