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Products and Services GBCIL Offers

  1. "Monthly Munafa Account(MMA)"

    2. Monthly Munafa Accounts can be opened with minimum amount of 500. Profit will vary on basis of deposit .Profit is only applied on accounts having deposit of more than 25001 For Accounts having deposit of 25001 to 300000 have 9% of interest , deposit of having 300001 to 500000 have 9.1% of interest and deposit having above 500001 have 10% of interest

  2. "Rent Collection Services"

    3. Time is precious asset. Realizing this fact , GBCIL offers its rent collection services through this product where GBCIL enters into Tripartite Agreement with Landlord & Tenet. According to tenor of the agreement, GBCIL credits monthly rent in landlord account on 5th of every month. GBCIL collects rent from tenet on behalf of landlord. Through this product, relieves landlord from tedious rent collection from tenets on nominal collection charges.

  3. "Student Deposit Account"

    4. Students can open their account with minimum of Rs. 100/-. Profit is paid @ 4% to 7% on daily product basis. Loans are offered to needy students at affordable rates for completion of their higher education.

  4. "Bundhan Deposit Account"

    5. To develope savings habits in female members & customers, GBCIL offers Bundhan Deposit Account specially tailored for females. profit offered is ranging between 4% to 7% calculated on daily product basis. All those mothers whose children are getting married, proceeding for higher education are encouraged to open this account in any of GBCIL Branch. They can avail short term loan on easy, flexible and affordable terms at the time of marriage, admission in universities/medical colleges of their children.

  5. "PLS Deposit Account"

    6. Can be opened with minimum Rs. 100/- . Profit ranging from 4% to 6% is offered on profit loss sharing basis calculated on average monthly basis. Profit is paid on half yearly basis.

  6. "Hajj Deposit Account"

    7. GBCIL provides community services by assisting Hajj Tour Operators at the time of Hajj Operations. Besides, intending pilgrim can open Hajj Deposit Account at any GBCIL Branch. On any deficiency/shortage of funds at the time of proceeding on Hajj, they can avail short term Qarz-e-Hasna repayable within 6 months.

  7. "Ziarat Deposit Account"

    8. Intending Zaireen can open Ziarat Deposit Account at any of the GBCIL Branch. In case of shortage of funds at the time of proceeding on ziarat, he can avail short term Qarz-e-Hasna from GBCIL repayable within 6 months.

  8. "Current Deposit Account"

    9. Current Deposit Accounts can be opened with minimum amount of Rs. 100/-. Free SMS Service, Free clearing facility,free online remittances within the network of GBCIL is offered to depositor.

  9. "Micro Finance Loan"

    10. All sound members/shareholders of GBCIL are eligible to avail loan upto Rs. 200,000/- with mark up rate of 16% p.a. Loan will be repayable in one year on monthly installments commencing one month after advance of loan. Loans are usually advanced for new business initiatives, short term working capital requirements of existing business.

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All rights are resverd to GBCSL 2022.

Gilgit Baltistan Cooperative Society Limited is Gilgit Baltistan based organization registered under Cooperative Societies Act, 1925. Its operations and functions are managed by elected Board of Directors and regulated by Registrar Cooperative Societies, Government of Gilgit Baltistan. GBCSL started its operations on 26th August, 2014 and presently operating in District Gilgit with its network of 05 branches and 01 controlling Area Office.