MCB Higher Mahana Profit Account

A special account for Individuals who wants secure investment to get monthly profits with transactions flexibility   


Minimum Balance Required (Rs)
25,000
Minimum Amount Required (Rs)
25,000
Daily Withdrawal Limit
(Rs)
0
Annual Fee
(Rs)
0
Allowed Monthly Transactions
-

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  • Features

    - Profit payment frequency is on monthly basis 

    - The funds can be fixed for a tenor of 3 years

    - Interest rate varies upto the 8.83% based on the deposited amount and the term length
     

  • Benefits

    - Financing facility up to 90% of the deposited amount

    - Profit is calculated on average monthly balance  

    - Only Rs. 25,000 monthly balance required to get profit 

    - Free E-statements and Internet Banking

  • Eligibility

    Salaried Person: 
    - Age Limit: 21 - 60 years 
    - Documents required: CNIC,  Proof of employment, Copy of utility bill  

    Self-Employed / Businessmen:
    - Age Limit: 21 - 65 years 
    - Documents required: CNIC, Proof of Business 

  • 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

    -

  • Target Age Group

    -

  • Interest Rate / Profit Rate

    8.83%

  • Interest Calculation Frequency

    -

  • Profit Payment Frequency

    -

  • Currency of Account

    -

  • Free ATM / Debit Card?

  • ATM Card Network

    -

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?

Additional Offers: 0.000