- Withdrawals and credit balance limit amount Rs. 500,000/-
- Profit rate depends on the deposited amount and the term length
- An Islamic savings account
Benefits
- Profit is calculated on average daily balance
- On keeping a monthly average balance of Rs. 10,000 avail following services
- Free Takaful coverage up to Rs. 1 million (Accidental Death)
- Free ATM takaful coverage up to card limit
Eligibility
Salaried Person:
- Age Limit: 21 - 60 years
- Documents required: CNIC, Proof of employment,
Self-Employed / Businessmen:
- Age Limit: 21 - 65 years
- Documents required: CNIC, Proof of business, Letter of sole proprietorship / NTN certificate of business
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.
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
21 - 65 years
Interest Rate / Profit Rate
18.17%
Interest Calculation Frequency
Daily
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?
Other Bank Accounts from Meezan Bank
Meezan Bank Rupee Current Account
APR
0%
Open Account with
Rs.
1,000
An account that provides you simplest way to enjoy Islamic banking services