You can value your savings with higher profit sharing ratios and lower tax advantage at Ziraat Katılım!
Interim Period Profit Share Payout Participation Accounts are the accounts which can be opened in 372 days deposit and profit share payout is made in 1 month, 3 months, 6 months or 1 year based on preference.
Enabling the value of the savings for a long term, the account provides the advantage of a higher profit sharing ratio.
- You can open your Ziraat Katılım Interim Period Profit Share Payout Participation Account in TL, USD and EURO currencies.
- You can have your Interim Period Profit Share Payout Participation account opened with a minimum start limit of 10,000 TL, USD and EURO.
- When due, your Interim Period Profit Share Payout Participation Account will be automatically renewed unless you do not have an order like in the other Participation Accounts.
- Provided not going below the lower limit, you can withdraw 2 times in a term or up to half of the opening balance. In case one of these 2 rules is violated, Ziraat Katılım will retrieve the half of the gross profit share that it has given to the customer.
- The profit share incurred in the interim period will be transferred to your checking account.
- Being a long term Participation Account, it provides high return advantage and its withholding rate is lower.
- Your Interim Period Profit Share Payout Participation Account shall not be affected by the decreases in the profit sharing ratios during the term.
Based on the Council of Ministers’ Decision dated 2012 and numbered 4133, maximum 2 times and up to 50% of the capital can be partially withdrawn in total before the due date in the accounts with 1 year or longer term and the accounts with periodical profit share payout (1 month, 3 months, 6 months or 1 year). The profit share in the account cannot be added to the capital, it shall be transferred to a separate private checking account. In case of transactions outside these rules or if the account is closed before its due date, 50% of the profit paid as of the start of the term for the account will be retrieved.
How Can I Open An Account?
You can become a Ziraat Katılım customer via Instantly Open Account. You can have your account opened from the Online Branch, Mobile Branch, Customer Contact Center or the nearest Ziraat Katılım Branch to you.