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    Income Distribution - Month Ended June 30, 2019

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    Prince Khalil
    The document summarizes profit rates for various savings accounts offered by Meezan Bank for the month ending June 30, 2019. It lists 13 different account types including regular savings accounts, business accounts, children's accounts, and investment accounts. Rates range from 0.15% for the Meezan Business Plus account to 11.77% for accounts with balances over 5 billion Pakistani rupees in the Karobari Munafa account. Account minimums and profit calculation methods such as daily balances are also provided for each account type.

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    Income Distribution - Month Ended June 30, 2019

    Uploaded by

    Prince Khalil
    16 views1 page
    The document summarizes profit rates for various savings accounts offered by Meezan Bank for the month ending June 30, 2019. It lists 13 different account types including regular savings accounts, business accounts, children's accounts, and investment accounts. Rates range from 0.15% for the Meezan Business Plus account to 11.77% for accounts with balances over 5 billion Pakistani rupees in the Karobari Munafa account. Account minimums and profit calculation methods such as daily balances are also provided for each account type.

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    The document summarizes profit rates for various savings accounts offered by Meezan Bank for the month ending June 30, 2019. It lists 13 different account types including regular savings accounts, business accounts, children's accounts, and investment accounts. Rates range from 0.15% for the Meezan Business Plus account to 11.77% for accounts with balances over 5 billion Pakistani rupees in the Karobari Munafa account. Account minimums and profit calculation methods such as daily balances are also provided for each account type.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    16 views1 page

    Income Distribution - Month Ended June 30, 2019

    Uploaded by

    Prince Khalil
    The document summarizes profit rates for various savings accounts offered by Meezan Bank for the month ending June 30, 2019. It lists 13 different account types including regular savings accounts, business accounts, children's accounts, and investment accounts. Rates range from 0.15% for the Meezan Business Plus account to 11.77% for accounts with balances over 5 billion Pakistani rupees in the Karobari Munafa account. Account minimums and profit calculation methods such as daily balances are also provided for each account type.

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    © All Rights Reserved
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    Income Distribution - Month Ended June 30, 2019

    (Profit Rates are "Per Annum" basis and Declared on Monthly basis) - Updated on July 02, 2019
    Rupee Savings Account: Meezan Asaan Savings Account: Labbaik Savings Account: Meezan Business Plus Account: Meezan Kids & Teens Accounts: Meezan Kafalah Account:
    Profit Payment Profit Rate Profit Payment Profit Rate Profit Payment Profit Rate Profit Payment Profit Rate Profit Payment Profit Rate Profit Payment Profit Rate
    Monthly 6.26% Monthly 6.26% Monthly 6.26% Monthly 0.15% Monthly 6.71% Monthly 8.05%
    * Monthly Profit Payment * Monthly Profit Payment * Monthly Profit Payment * Profit eligibility from Re. 1 * Monthly Profit Payment * Monthly Profit Payment
    * Profit eligibility from Re. 1 * Profit eligibility from Re. 1 * Profit eligibility from Re. 1 * Free Cheque Books, Pay Orders, Inter-city clearing, * Profit eligibility from Re. 1 * Profit eligibility from Re. 1
    * Profit calculation on daily balance * Profit calculation on daily balance * Profit calculation on daily balance Visa Debit Card, SMS Alerts, Hold Mail facility, etc. on * Minimum Investment Rs. 500 for Kids & * Profit calculation on daily balance
    * Account opening with Rs. 100 * Minimum Investment Rs. 100 * Minimum Investment Rs. 1,000 maintenance of monthly average balance of Rs. 25K Rs. 1,000 for Teens account * Minimum Investment Rs. 2,000

    Karobari Munafa Account: Karobari Munafa Account:


    Meezan Bachat Account: MIIDA & MIIDA - NBFI:
    Amount in PKR Profit Rate Clubbed Relationship
    Re. 1 - 9.99 Million 6.26% Amount in PKR Profit Rate Amount in PKR Profit Rate Amount in PKR Profit Rate
    Re. 1 - Rs. 199.9 Million 6.26%
    Rs. 10M - 49.99M 6.56%
    Re. 1 - 499.99M 7.30% Re. 1 - 499.99K 6.56% Rs. 250M - Rs. 499.99M 6.26%
    Rs. 500M - Rs. 999.99M 6.26%
    Rs. 50M - 199.99M 7.00%
    Rs. 1B - Rs. 1.99B -
    Rs. 500M - 999.99M 8.05% Rs. 500K & Above 7.00%
    Rs. 2B - Rs. 2.99B -
    Rs. 200M - 499.99M 7.45%
    Rs. 1 Billion - Rs. 1.99 Billion 11.03% * Account Opening with Rs. 50K Meezan Express Savings Account: Rs. 3B & Above -
    Rs. 500M - 999.99M 8.05% * Monthly Profit Payment Profit Payment Profit Rate
    Rs. 2 Billion - 3.49 Billion -
    Rs. 1 Billion - 1.99 Billion 8.20% * Profit eligibility from Re. 1 Monthly 6.26%
    Rs. 2 Billion - 4.99 Billion 9.54% Rs. 3.50 Billion - 4.99 B 11.47% * Monthly Profit Payment Smart Remittance Wallet Account:
    Rs. 5 Billion & Above 9.98% Rs. 5 Billion & Above 11.77% Margin Account * Profit eligibility from Re. 1 Profit Payment Profit Rate
    Minimum Investment Rs. 1 Million
    * Monthly Profit Payment Profit Payment Profit Rate * Profit calculation on daily balance Monthly -
    Monthly Profit Payment
    Monthly 0.15%

    Certificate of Islamic Investment (COII): 2 Years, 3 Years & 5 Years COII for Islamic Financial Institutions (IFIs)
    2 Years 3 Years 5 Years Tenure 1 Month 3 Months 6 Months 1 Year
    Monthly Quarterly Maturity Monthly Quarterly Maturity Monthly Quarterly Maturity Profit Payment Maturity Monthly Monthly Monthly
    11.03% 11.03% 11.03% 11.03% 11.03% 11.03% 11.03% 11.03% 11.03% Profit Rate - - - -
    Minimum Investment Rs. 200 Million. Profit Payment Monthly

    MMC & COII Meezan Amdan Certificate (MAC) Islamic Long Term Financing Facility
    Tenure 1 Month 3 Months 6 Months 1 Year Minimum Investment: Rs. 100,000/- (ILTFF)
    Profit Payment Maturity Maturity Maturity Monthly Quarterly Maturity Profit Payment on Monthly basis
    Profit Payment
    Rs. 50K to 0.99M 7.30% 7.45% 7.75% 8.94% 9.09% 9.54% Tenure 5.5 Years 7 years Profit Rate
    (Quarterly)
    Profit Rate 11.03% 11.47%
    Rs. 1M to 9.99M 7.75% 8.05% 8.49% 9.69% 9.84% 10.28%
    3 Years-Tex 3.58%
    Rs. 10M to 49.99M 8.49% 8.64% 8.94% 9.98% 10.13% 10.43% Meezan Amdan Certificate (MAC) Senior 5 Years- Tex 2.53%
    Rs. 50M to 99.99M 8.94% 9.09% 9.54% 10.28% 10.28% 10.73% Minimum Investment: Rs. 50,000/- 10 Years- Tex 2.09%
    Profit Payment on Monthly basis 3 Years- NonTex 4.62%
    Rs. 100M to 499.99M 11.03% 11.47% 11.77% 11.47% - 11.92%
    Tenure 5.5 Years 7 years 5 Years- NonTex 3.58%
    Rs. 500M to 999.99M 11.47% 11.92% - - - 12.52% Profit Rate 11.18% 12.22% 10 Years- NonTex 3.13%
    Rs. 1B & Above 11.92% 12.22% - - - -

    MBL Additional Tier I Sukuk MBL Tier II Sukuk


    Profit Payment Profit Rate Profit Payment Profit Rate
    Foreign Currency Savings Accounts Monthly 13.11% Six Monthly 11.33%
    Currency Profit Payment Profit Rate
    USD Monthly 0.76% Dollar Mudarabah Certificate (DMC)
    GBP Monthly 0.22% Tenure 3 Months 6 Months 1 Year 1 Year 3 Years 3 Years
    EURO Monthly 0.08% Profit Payment Maturity Maturity Six Monthly Maturity Six Monthly Maturity
    ~ Free Online Banking across Pakistan
    USD 10K - USD 49.9K 1.30% 1.42% 2.01% 2.08% 2.13% 2.20%
    ~ Free accidental Takaful Coverage* on maintaining
    USD 50K & above 1.47% 1.54% 2.13% 2.20% 2.25% 2.29% monthly average deposit of Rs. 10,000/- * Terms & Conditions apply

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