Open Account

Savings Account

Taqwa has prepared many schemes for benefit of the general public, Saving Account is also one of such schemes.

Taqwa has prepared many schemes for benefit of the general public, Saving A/c is also one of such schemes. The procedure of this scheme is to open a Saving Account with Taqwa, a sum of minimum ₹1000/- must be deposited. Customer may deposit or withdraw his amount at any me. The amount accumulated through deposit will be deployed by Taqwa for financing based on different principles of Shari'a and in this way whatever profit is gained, out of that Taqwa will pay an expected profit 0% to 4% to the depositor and rest of the profit shall be kept by Mudarib (Taqwa). But to claim the said profit, the customer shall compulsorily maintain an average monthly amount of ₹ 5000/- in his account.

  • Minimum balance to be maintained is Rs. 1,000/-.
  • Expected profit rate is 0% - 4%.
  • Passbook and cheque book are issued.
  • Withdrawal is any time at counter during business day.
  • Minimum monthly average balance to be maintained is Rs. 5,000/- to gain profit
  • Online banking, mobile banking and digital banking are available.
  • Shari’a term: Mudaraba

Contact Us

To raise any complaint or suggestion, please contact the specialized complaints unit at Taqwa through any of the following channels

location_on 38-A, Nagappa Nayak Road, NH66, Bhatkal (N.K)-581320, Karnataka, India

mail contact@itaqwa.com

phone_in_talk +91-8385450000 OR +91-9380115722