MCB Higher Mahana Profit Account

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Resources

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)

Annual Fee
(Rs)

Allowed Monthly Transactions

View Phone Number

Features

- Profit payment frequency is on monthly basis

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

- Interest rate varies from 11.25% to 11.85% 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

What can invest in a fixed or term deposit bank account?

Anyone who is a Pakistani resident individual, private and public limited companies, can use a term/fixed deposits account.

What term lengths are available for these accounts?

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.

Does a depositor get the profit on monthly basis?

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.

Can I withdraw my funds anytime?

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

11.85%
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

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MCB Foreign Currency Saving Account

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MCB Higher Mahana Profit Account

APR 11.85%

Open Account with Rs. 25,000

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

See Details

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