Meezan Monthly Mudarbah Certificate
(Rs)
(Rs)
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Features
- Profit payment frequency is on a monthly basis
- The funds can only fixed for a one-month tenor
- Interest rate varies upto 11.56% based on the deposited amount and the term length
- An Islamic Fixed Deposit account
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Benefits
- Premature encashment facility is available
- Profit is calculated on average deposit balance
- Only Rs. 50,000 investment is required to get profit
- You can renew your terms at after one month
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Eligibility
Salaried Person:
- Age Limit: 21 - 60 years
- Documents required: CNIC, Proof of employment, Copy of utility billSelf-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
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Best Suitabe For
Short term savings
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Target Age Group
21 - 60 years
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Interest Rate / Profit Rate
11.56%
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Interest Calculation Frequency
Monthly
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Profit Payment Frequency
Monthly
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Currency of Account
PKR
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Free ATM / Debit Card?
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ATM Card Network
VISA / MasterCard
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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?
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