If your bank balance is more than Rs. 46,328, banks will deduct ZAKAT

Nisab for Zakat deduction on bank accounts for the current lunar year has been fixed at Rs. 46,329. According to a notification put out by the Poverty Alleviation and Social Division, no Zakat deduction at source will be made in case “the amount standing to the credit of an account in respect of the assets mentioned in column 2 Serial No.1 of the first schedule … Continue reading If your bank balance is more than Rs. 46,328, banks will deduct ZAKAT