Meezan Dollar Saving Account
(Rs)
(Rs)
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Features
- An Islamic account can be opened in US Dollar currency only
- Profit payment frequency is on monthly basis
- Minimum deposit equivalent of USD 100 is required
- Profit rate varies upto 0.23% based on the deposited amount, term and type of currency
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Benefits
- Profit will be calculated on daily average balance
- No service charges if the balance maintained is low
- Free Takaful coverage up to Rs. 1 million (Accidental Death)
- Free ATM takaful coverage up to card limit
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Eligibility
Salaried Person:
- Age Limit: 21 - 60 years
- Documents required: CNIC, Proof of employmentSelf-Employed / Businessmen:
- Age Limit: 21 - 65 years
- Documents required: CNIC, Proof of business, Letter of sole proprietorship / NTN certificate of business -
FAQ
Yes, you can earn a certain profit or interest on your foreign currency deposits as long as it is a foreign currency savings account rather than a current account.A foreign currency bank account can be opened in USD, GBP, and EUR. Certain banks also allow Japanese Yen.You can withdraw by cheque only.Yes, if a foreign currency account is of type savings, you will receive a profit on your balance on regular intervals such as 3 months, 6 months and 12 months.
Other Details
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Best Suitabe For
Day to day savings in foreign currency
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Target Age Group
21 - 65 years
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Interest Rate / Profit Rate
0.23%
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Interest Calculation Frequency
Daily
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Profit Payment Frequency
Monthly
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Currency of Account
USD, GBP, EUR
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Free ATM / Debit Card?
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ATM Card Network
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Free Cheque Book?
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Manage with App?
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Branch Banking
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Online Banking?
Additional Offers: Free Takaful coverage up to Rs. 1 million (Accidental Death & Permanent Disability)
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