Meezan Bachat Account

A special islamic account that offers you high expected returns on your savings


Minimum Balance Required (Rs)
No Requirement
Minimum Amount Required (Rs)
50,000
Daily Withdrawal Limit
(Rs)
Annual Fee
(Rs)
0
Allowed Monthly Transactions
-

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  • Features

    - Profit payment frequency is on monthly basis

    - Interest rate varies from 2.76% to 2.94% based on the deposited amount

    - It can be operated by salaried, self employed, housewife, retired individual

    - An Islamic savings account

  • Benefits

    - Profit is calculated on average daily balance

    - Higher the deposit, Higher the returns will be

    - FREE chequebook, pay orders internet and mobile banking

    - On keeping average balance of Rs. 10,000 avail Rs. 1 million Takaful coverage

  • Eligibility

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

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

  • FAQ

    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.
    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.
    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.
    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

    2.94%

  • 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?