MIB Barkat Saving Premium Account

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MIB Barkat Saving Premium Account

An ideal account for individual, Firms and for Companies with higher return on deposit

Minimum Balance Required (Rs)

No Requirement

Minimum Amount Required (Rs)

1,000

Daily Withdrawal Limit
(Rs)

Annual Fee
(Rs)

Allowed Monthly Transactions

View Phone Number

Features

- Profit payment frequency is on monthly basis

- Initial Deposit Rs. 1,000,000/- is required at the time of account opening

- Enjoy unlimited withdrawals and deposits

- Interest rate varies from 7.08% to 19.75% based on the deposited amount
Benefits

- Profit is calculated on monthly basis

- Higher the deposit, higher the returns will be

- No hassles to maintain a minimum monthly balance

- Free monthly e-statements, internet and mobile banking

Eligibility

Salaried Person:
- Age Limit: 18 - 70 years
- Documents required: CNIC, Proof of employment, Copy of utility bill

Self-employed/Businessmen:
- Age Limit: 18 - 70 years
- Documents required: CNIC, Proof of business
FAQ

What is a savings account?

A savings account offers the easiest way to keep some of your money aside and earning interest or profit on that amount on regular basis.

Does a savings account offer all usual banking facilities?

Yes, a savings account just like any other bank account allows you to conduct banking transactions. You also get access to ATM card, cheque book and online banking facility along with a savings account.

Is the profit earned through savings account taxable?

Yes, normally the profit earned through a savings account is taxed at the source and deducted by the Bank before paying the remaining amount to you.

Do you have any limitation towrds withdrawls of your funds?

No, there is no limit and you can withdraw your funds from your account any time. The profit is always paid on the amount that was present in your account during a certain period.

Other Details

Best Suitabe For

Day to day savings
Target Age Group

18 - 70 years
Interest Rate / Profit Rate

19.75%
Interest Calculation Frequency

Monthly
Profit Payment Frequency

Monthly
Currency of Account

PKR

Free ATM / Debit Card?
ATM Card Network

PayPak/ UnionPay
Free Cheque Book?
Manage with App?
Branch Banking
Online Banking?

Other Bank Accounts from MCB Islamic Bank

MIB Barkat Saving Premium Account

APR 19.75%

Open Account with Rs. 1,000

An ideal account for individual, Firms and for Companies with higher return on deposit

See Details

MIB Na’mat Plus Term Deposit

APR 10.03%

Open Account with Rs. 25,000

An account that offers you attractive rate of return on your investment with flexible tenure

See Details

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