Bank Islami Mahana Munafa Account

An account that can help you to avail high returns on short and long term fixed deposit


Minimum Balance Required (Rs)
10,000
Minimum Amount Required (Rs)
10,000
Daily Withdrawal Limit
(Rs)
0
Annual Fee
(Rs)
1,000
Allowed Monthly Transactions
-

View Phone Number
  • Features

    - Profit payment frequency is on monthly basis

    - The funds can be fixed for a tenor ranging from 1 year to 10 years

    - Interest rate varies from 5.35% to 9.003% based on the deposited amount and the term length

    - An Islamic Fixed Deposit account

  • Benefits

    - Premature encashment facility is available

    - Profit is calculated on average monthly balance

    - Only Rs. 10,000 initial investment is required to get profit

    - Free Internet Banking and account statement facility is available

  • Eligibility

    Salaried Person:
    - Age Limit: Not Available 
    - Documents required: CNIC, Proof of employment, Passport for NRPs only

    Self-employed/Businessmen:
    - Age Limit: Not Available
    - Documents required: NTN, CNIC, Proof of business, Passport for NRPs only

  • FAQ

    Anyone who is a Pakistani resident individual, private and public limited companies, can use a term/fixed deposits account.
    You can use a fixed deposit account from 1 month up to 10 years of length. The profit rate will also be better if you deposit it for longer time periods.
    Yes, you can ask the bank to pay the profit on a monthly basis however the rate of interest or profit rate will only be charged or calculated on annual basis.
    Yes, you can withdraw your funds from your fixed term bank account however some banks may charge a penalty or a fee for early withdrawals than a fixed maturity date.

Other Details

  • Best Suitabe For

    Long term savings

  • Target Age Group

    18 - 70 years

  • Interest Rate / Profit Rate

    9.003%

  • Interest Calculation Frequency

    -

  • Profit Payment Frequency

    Monthly

  • Currency of Account

    PKR

  • Free ATM / Debit Card?

  • ATM Card Network

    VISA

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?