24/7 Call Centre

111-331-331 & 332

www.meezanbank.com
Income Distribution - Month Ended Jun 30, 2021
Updated on Dhu Al-Qi'dah 22, 1442 | Friday, July 2, 2021

Product Profit Payment/ Tiers Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21
Rupee Saving Account(SA) Monthly 2.75% 2.75% 2.83% 2.76% 2.77% 2.84% 2.76% 2.76% 2.85% 2.86% 2.84% 2.90%
Meezan Roshan Digital Account (PKR) Monthly 2.75% 2.83% 2.76% 2.77% 2.84% 2.76% 2.76% 2.85% 2.86% 2.84% 2.90%
Smart Remittance Wallet Monthly 2.75% 2.75% 2.83% 2.76% 2.77% 2.84% 2.76% 2.76% 2.85% 2.86% 2.84% 2.90%
Meezan Smart Wallet Monthly - -
Smart Asaan Mobile Account Monthly 2.84% 2.90%
Meezan Express Saving Account (MEX) Monthly 2.75% 2.75% 2.83% 2.76% 2.77% 2.84% 2.76% 2.76% 2.85% 2.86% 2.84% 2.90%
Meezan Asaan Saving Account Monthly 2.75% 2.75% 2.83% 2.76% 2.77% 2.84% 2.76% 2.76% 2.85% 2.86% 2.84% 2.90%
Labbaik Saving Aasaan Monthly 2.75% 2.75% 2.83% 2.76% 2.77% 2.84% 2.76% 2.76% 2.85% 2.86% 2.84% 2.90%
Meezan Kids Club Account /
Monthly 3.02% 3.02% 3.09% 2.93% 2.95% 3.02% 2.94% 2.94% 3.03% 3.03% 3.02% 3.09%
Meezan Teens Club Account
3 Years Quarterly
- - - - - - - - - - - -
(Textile Sector)
3 Years Quarterly
4.52% 3.55% 3.53% 4.31% 4.33% 4.44% 4.32% 4.32% 4.45% 4.46% 4.44% 4.54%
(Non-Textile Sector)
5 Years Quarterly
Islamic Long Term Financing Facility (ILTFF) 2.48% 2.49% 2.56% 2.50% 2.51% 2.57% 2.51% 2.51% 2.58% 2.59% 2.58% 2.63%
(Textile Sector)
5 Years Quarterly
3.46% 2.49% 2.56% 3.45% 3.47% 3.55% 3.46% 3.46% 3.56% 3.57% 3.55% 3.63%
(Non-Textile Sector)
10 Years Quarterly
2.04% 2.04% 2.03% 1.98% 1.99% 2.04% 1.99% 1.99% 2.05% 2.05% 2.04% 2.09%
(Textile Sector)
10 Years Quarterly
3.02% 2.04% 2.03% 2.85% 2.86% 2.93% 2.85% 2.85% 2.94% 2.95% 2.93% 3.00%
(Non-Textile Sector)
Islamic Temporary Economic Refinance Facility (ITERF) Quarterly - - - 0.95% 0.95% 0.98% 0.95% 0.95% 0.98% 0.98% 0.98% 1.00%
IFRE-Category I 3.02% 3.02% 3.09% 2.93% 2.95% 3.02% 2.94% 2.94% 3.03% 3.03% 3.02% 3.09%
Islamic Financing Facility for Renewable Energy (IFRE) IFRE-Category II - - 2.03% 1.98% 1.99% 2.04% 1.99% 1.99% 2.05% 2.05% 2.04% 2.09%
IFRE-Category III - - - - - - - - - - - -
Active Tax Payer SME Clients
0.18% 0.18% 0.18% 0.17% 0.17% 0.18% 0.17% 0.17% 0.18% 0.18% 0.18% 0.18%
(Quarterly)
Non-active Tax Payer SME Clients
- - - - - - - - - - - -
(Quarterly)
Islamic Refinance Scheme for Payment of Wages & Salaries Active Tax Payer Corporate &
commercial clients 0.18% 0.18% 0.18% 0.17% 0.17% 0.18% 0.17% 0.17% 0.18% 0.18% 0.18% 0.18%
(Quarterly)
Non-active Tax Payer Corporate &
- - - - - - - - - - - -
commercial clients (Quarterly)
MORA (SA) - Category I 7.45% - - - - - - - - - - -
MORA Saving Account (MORA-SA) MORA (SA) - Category II - - - - - - - - - - - -
MORA (SA) - Category III - - - - - - - - - - - -

Meezan Business Plus Monthly 0.18% 0.18% 0.18% 0.17% 0.17% 0.18% 0.17% 0.17% 0.18% 0.18% 0.18% 0.18%
Margin Account Monthly 0.18% 0.18% 0.18% 0.17% 0.17% 0.18% 0.17% 0.17% 0.18% 0.18% 0.18% 0.18%
Islamic Refinance Facility for Combating COVID – 19 (IRFCC) Quarterly 0.18% 0.18% 0.18% 0.17% 0.17% 0.18% 0.17% 0.17% 0.18% 0.18% 0.18% 0.18%
Islamic Refinance Facility for Modernization of SMEs ( IRFMS) Quarterly - - - - - -
Islamic Financing Facility for Storage of Agricultural Produce (IFFSAP) Quarterly - - -
Meezan Kafalah Monthly 4.17% 4.27% 4.24% 4.14% 4.16% 4.26% 4.15% 4.15% 4.28% 4.28% 4.26% 4.36%
Meezan Kafalah - Multiplier Monthly N/A -
Meezan Payroll Partner (MPP) Monthly N/A - - -

Re.1 - 499.99 K 2.75% 2.75% 2.83% 2.76% 2.77% 2.84% 2.76% 2.76% 2.85% 2.86% 2.84% 2.90%
Meezan Bachat Account (MBA)
500 K & Above 3.02% 3.02% 3.09% 2.93% 2.95% 3.02% 2.94% 2.94% 3.03% 3.03% 3.02% 3.09%

Re.1 - 9.99 M 2.75% 2.75% 2.83% 2.76% 2.77% 2.84% 2.76% 2.76% 2.85% 2.86% 2.84% 2.90%
10 M - 49.99 M 3.02% 3.02% 3.09% 2.93% 2.95% 3.02% 2.94% 2.94% 3.03% 3.03% 3.02% 3.09%
50 M - 199.99 M 3.02% 3.11% 3.09% 3.02% 3.03% 3.11% 3.02% 3.02% 3.12% 3.12% 3.11% 3.18%
Karobari Munafa Account (KMA) 200 M - 499.99 M 3.10% 3.20% 3.18% 3.10% 3.12% 3.20% 3.11% 3.11% 3.21% 3.21% 3.20% 3.27%
(KMA Plus has now been merged into KMA) 500 M - 999.99 M 3.46% 3.55% 3.53% 3.45% 3.47% 3.55% 3.46% 3.46% 3.56% 3.57% 3.55% 3.63%
1 B - 1.99 B 3.99% 4.00% 4.06% 3.97% 3.99% 4.08% 3.97% 3.97% 4.10% 4.11% 4.09% 4.18%
2B - 4.99 B 5.23% 5.24% 5.30% 5.17% 5.20% 5.33% 5.18% 5.18% 5.35% 5.36% 5.33% 5.45%
5 B & Above 5.23% 5.24% 5.30% 5.17% - - - - - - - -

Karobari Munafa Account - Pakistan Energy Sukuk (KMA - PES) Monthly 5.50% 5.51% 5.57% 5.43% 5.46% 5.59% 5.44% 5.44% 5.61% 5.62% 5.60% 5.72%

Re.1 - 499.99 M 3.73% 3.73% 3.80% 3.71% 3.73% 3.82% 3.72% 3.71% 3.83% 3.84% 3.82% 3.90%
500 M - 999.99 M 4.26% 4.27% 4.33% - 4.25% 4.35% 4.23% 4.23% 4.37% 4.37% 4.35% 4.45%
Karobari Munafa Account- CLUBBED 1B -1.99 B 5.77% 5.51% 5.57% 5.43% 5.46% 5.59% 5.44% 5.44% 5.61% 5.62% 5.60% 5.72%
(KMA CLUBBED) 2 B -3.499 B 5.50% 5.51% 5.57% 5.43% 5.46% - - - - - - 5.72%
3.5 B - 4.99 B 4.52% - - - - - - - - - - -
5 B & Above 5.50% 5.51% 5.57% 5.43% - - - - - - - -

Re.1 - 199.99 M 2.48% 2.49% 2.56% 2.50% 2.51% 2.57% 2.51% 2.51% 2.58% 2.59% 2.58% 2.63%
200 M - 499.9 M 2.48% 2.49% 2.56% 2.50% 2.51% 2.57% 2.51% 2.51% 2.58% - - -
Meezan Islamic Institutions Deposit Account (MIIDA) 500 M - 999.99 M 2.48% - - 2.50% - 2.57% 2.51% 2.51% - - - -
1 B - 1.99 B - 2.49% - - - - - - - - - -
2 B - 2.99 B - - - - - - - - - - - -
3 B & Above - - - - - - - - - - - -

Re.1 - 199.99 M 2.48% 2.49% 2.56% 2.50% 2.51% 2.57% 2.51% 2.51% 2.58% 2.59% 2.58% 2.63%
200 M - 499.9 M 2.48% 2.49% 2.56% 2.50% 2.51% 2.57% 2.51% 2.51% 2.58% 2.59% 2.58% 2.63%
500 M - 999.99 M 2.48% - - 2.50% - 2.57% 2.51% 2.51% - 2.59% 2.58% 2.63%
Meezan Islamic Institutions Deposit Account (MIIDA NBFI) 1 B - 1.99 B - 2.49% - - - - - - - - - -
2 B - 2.99 B - - - - - - - - - - - -
3 B & Above - - - - - - - - - - - -
Profit Rates are per annum and declared on Monthly basis.
 24/7 Call Centre
111-331-331 & 332
www.meezanbank.com Income Distribution - Month Ended Jun 30, 2021
Updated on Dhu Al-Qi'dah 22, 1442 | Friday, July 2, 2021

Amount / Tenure/
Product Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21
Profit Payment
50K - 0.99M 3.99% 4.00% 4.06% 3.97% 3.99% 4.08% 3.97% 3.97% 4.10% 4.11% 4.09% 4.18%
1 Month

1M- 9.99M 4.26% 4.27% 4.33% 4.23% 4.25% 4.35% 4.23% 4.23% 4.37% 4.37% 4.35% 4.45%
Monthly Mudarbah Certificate (MMC) 10M - 49.99M 4.52% 4.53% 4.59% 4.48% 4.51% 4.62% 4.49% 4.49% 4.63% 4.64% 4.62% 4.72%
(MMC Plus, Special MMC for Individuals & Corporate 50M - 99.99M 4.70% 4.80% 4.86% 4.74% 4.77% 4.88% 4.75% 4.75% 4.90% 4.91% 4.89% 4.90%
have now been merged into MMC) 100M - 499.99M 5.77% 5.51% 5.57% 5.43% 5.46% 5.59% 5.44% 5.44% 5.61% 5.62% 5.60% 5.72%
500M - 999.99M - - - - 5.46% 5.59% 5.44% 5.44% 5.61% 5.62% 5.60% 5.72%
1B & Above 4.97% 5.06% 5.12% 4.92% - - - - - - - -

50K - 0.99M 4.52% 4.53% 4.59% 4.48% 4.51% 4.62% 4.49% 4.49% 4.63% 4.64% 4.62% 4.72%
3 Months

1M- 9.99M 4.52% 4.53% 4.59% 4.48% 4.51% 4.62% 4.49% 4.49% 4.63% 4.64% 4.62% 4.72%
COII 3 Months (Maturity) 10M - 49.99M 4.52% 4.53% 4.59% 4.48% 4.51% 4.62% 4.49% 4.49% 4.63% 4.64% 4.62% 4.72%
(COII Plus 3 months, Special COII 3 months for Individuals 50M - 99.99M 4.52% 4.53% 4.59% 4.48% 4.51% 4.62% 4.49% 4.49% 4.63% 4.64% 4.62% 4.72%
& Corporate have now been merged into COII 3 Months 100M - 499.99M 5.85% 5.42% 5.57% 5.43% 5.46% 5.59% 5.44% 5.44% 5.61% 5.62% 5.60% 5.72%
Maturity) 500M - 999.99M 5.85% 5.42% 5.57% 5.43% 5.46% 5.59% 5.44% 5.44% 5.61% 5.62% - -
1B - 4.99B - - - - - - - - - - - -
5B & Above - - - - - - - - - - - -

50K - 0.99M 4.52% 4.53% 4.59% 4.48% 4.51% 4.62% 4.49% 4.49% 4.63% 4.64% 4.62% 4.72%
6 Months

COII 6 Months (Maturity) 1M- 9.99M 4.52% 4.53% 4.59% 4.48% 4.51% 4.62% 4.49% 4.49% 4.63% 4.64% 4.62% 4.72%
10M - 49.99M 4.52% 4.53% 4.59% 4.48% 4.51% 4.62% 4.49% 4.49% 4.63% 4.64% 4.62% 4.72%
(COII Plus 6 months, Special COII 6 months for Individuals
50M - 99.99M 4.52% 4.53% 4.59% 4.48% 4.51% 4.62% 4.49% 4.49% 4.63% 4.64% 4.62% 4.72%
& Corporate have now been merged into COII 6 Months
100M - 499.99M 5.68% 5.51% 5.57% 5.43% 5.46% 5.59% 5.44% 5.44% 5.61% 5.62% 5.60% 5.72%
Maturity)
500M - 999.99M 5.68% 5.51% 5.57% 5.43% - - - - - - - -
1B & Above - - - - - - - - - - - -

50K - 0.99M 4.70% 5.24% 5.30% 5.17% 5.20% 5.33% 5.18% 5.18% 5.35% 5.36% 5.33% 5.45%
1M- 9.99M 4.70% 5.24% 5.30% 5.17% 5.20% 5.33% 5.18% 5.18% 5.35% 5.36% 5.33% 5.45%
COII 1 Year (Monthly) 10M - 49.99M 4.97% 5.24% 5.30% 5.17% 5.20% 5.33% 5.18% 5.18% 5.35% 5.36% 5.33% 5.45%
(COII Plus 1 Year Monthly has now been merged into COII 50M - 99.99M 5.23% 5.24% 5.30% 5.17% 5.20% 5.33% 5.18% 5.18% 5.35% 5.36% 5.33% 5.45%
1 Year Monthly) 100M - 499.99M 5.50% 5.24% 5.30% 5.17% 5.20% 5.33% 5.18% 5.18% 5.35% 5.36% 5.33% 5.45%
500M - 999.99M - - - - - - - - - - - -
1B & Above - - - - - - - - - - - -

50K - 0.99M 4.44% 4.44% 4.51% 4.40% 4.42% 4.53% 4.41% 4.41% 4.54% 4.55% 4.53% 4.63%
1M- 9.99M 4.70% 4.80% 4.86% 4.74% 4.77% 4.88% 4.75% 4.75% 4.90% 4.91% 4.89% 4.90%
1 Year

COII 1 Year (Quarterly) 10M - 49.99M 5.06% 5.06% 5.12% 5.00% 5.03% 5.15% 5.01% 5.01% 5.17% 5.18% 5.15% 5.26%
(COII Plus 1 Year Quarterly has now been merged into 50M - 99.99M 5.23% 5.24% 5.30% - - - - - - - - -
COII 1 Year Quarterly) 100M - 499.99M - - - - - - - - - - - -
500M - 999.99M - - - - - - - - - - - -
1B & Above - - - - - - - - - - - -

50K - 0.99M 4.97% 5.06% 5.12% 5.26% 5.29% 5.42% 5.27% 5.27% 5.43% 5.44% 5.42% 5.54%
1M- 9.99M 5.06% 5.06% 5.12% 5.26% 5.29% 5.42% 5.27% 5.27% 5.43% 5.44% 5.42% 5.54%
COII 1 Year (Maturity) 10M - 49.99M 5.32% 5.33% 5.39% 5.26% 5.29% 5.42% 5.27% 5.27% 5.43% 5.44% 5.42% 5.54%
(COII Plus 1 Year Maturity, Special COII 12 months for 50M - 99.99M 5.50% 5.60% 5.65% 5.52% 5.55% 5.68% 5.53% 5.53% 5.70% 5.71% 5.68% 5.81%
Individuals & Corporate have now been merged into COII 100M - 499.99M 5.77% 5.60% 5.74% 5.52% 5.55% 5.68% 5.53% 5.53% 5.70% 5.71% 5.68% 5.81%
1 Year Maturity) 500M - 999.99M 5.77% 5.60% 5.74% 5.52% 5.55% 5.68% 5.53% 5.53% 5.70% 5.71% 5.68% 5.81%
1B - 4.99B - - - - - - - - - - - -
5B & Above 7.98% 7.02% 7.16% 6.90% 6.93% 7.10% - - - - - -
Years
1.5

COII 1.5 Years Monthly 6.21% 6.31% 6.36% 6.21% 6.24% 6.39% 6.22% 6.22% 6.41% 6.43% 6.40% 6.53%

COII 2 Years Monthly 6.03% 6.04% 6.10% 5.95% 5.98% 6.13% 5.96% 5.96% 6.15% 6.16% 6.13% 6.26%
Years
2

COII 2 Years Quarterly 6.03% 6.04% 6.10% 5.95% 5.98% 6.13% 5.96% 5.96% 6.15% 6.16% 6.13% 6.26%
COII 2 Years Maturity 6.03% 6.04% 6.10% 5.95% 5.98% 6.13% 5.96% 5.96% 6.15% 6.16% 6.13% 6.26%

COII 3 Years Monthly 6.03% 6.04% 6.10% 5.95% 5.98% 6.13% 5.96% 5.96% 6.15% 6.16% 6.13% 6.26%
Years
3

COII 3 Years Quarterly 6.03% 6.04% 6.10% 5.95% 5.98% 6.13% 5.96% 5.96% 6.15% 6.16% 6.13% 6.26%
COII 3 Years Maturity 6.03% 6.04% 6.10% 5.95% 5.98% 6.13% 5.96% 5.96% 6.15% 6.16% 6.13% 6.26%

COII 5 Years Monthly 6.03% 6.04% 6.10% 5.95% 5.98% 6.13% 5.96% 5.96% 6.15% 6.16% 6.13% 6.26%
Years
5

COII 5 Years Quarterly 6.03% 6.04% 6.10% 5.95% 5.98% 6.13% 5.96% 5.96% 6.15% 6.16% 6.13% 6.26%
COII 5 Years Maturity 6.03% 6.04% 6.10% 5.95% 5.98% 6.13% 5.96% 5.96% 6.15% 6.16% 6.13% 6.26%

5.5 Yrs 6.74% 6.75% 6.89% 6.73% 6.76% 6.92% 6.74% 6.74% 6.86% 6.87% 6.84% 6.99%
5.5 & 7
Years

5.5 Yrs - Senior 7.72% 7.82% 7.86% 7.68% 7.71% 7.90% 7.69% 7.69% 7.93% 7.94% 7.91% 8.08%
Meezan Aamdan Certificate - MAC
7 Yrs 7.01% 7.02% 7.16% 6.90% 6.93% 7.10% 6.91% 6.91% 7.13% 7.14% 7.11% 7.26%
7 Yrs - Senior 7.98% 8.09% 8.13% 7.93% 7.97% 8.17% 7.95% 7.95% 8.20% 8.21% 8.17% 8.35%

1 month - - - - - - - - - - - -
3 months - - - - - - - - - - - -
COII-IFI
6 months - - - - - - - - - - - -
12 months - - - - - - - - - - - -

Meezan Bank Limited Additional Tier I - Sukuk Monthly 9.67% 8.53% 8.92% 8.97% 9.01% 9.23% 9.07% 9.07% 9.27% 9.28% 9.42% 9.62%
Meezan Bank Limited Tier II - Sukuk (First Tranche) Six Monthly 13.93% 14.13% 7.77% 7.68% 7.71% 7.90% 7.78% 7.78% 8.29% 8.30% 8.26% 8.44%
Meezan Bank Limited Tier II - Sukuk (Second Tranche) Six Monthly 8.69% 8.17% 8.31% 8.19% 8.15% 8.26% 8.21% 8.21% 8.46% 8.48% 8.44% 8.62%

Profit Rates are per annum and declared on Monthly basis.

 24/7 Call Centre
111-331-331 & 332
www.meezanbank.com Income Distribution - Month Ended Jun 30, 2021

Updated on Dhu Al-Qi'dah 22, 1442 | Friday, July 2, 2021

Foreign Currency Deposit Pools for USD, GBP & EURO

Tenure/
Product Jul-20 Aug-20 Sep-20 Oct-20 Nov-20 Dec-20 Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21
Profit Payment
Meezan US Dollar Saving Account Monthly 0.38% 0.38% 0.78% 0.28% 0.25% 0.31% 0.21% 0.19% 0.21% 0.19% 0.20% 0.23%
Meezan Pound Saving Account Monthly 0.23% 0.18% 0.34% 0.18% 0.14% 0.11% 0.03% 0.08% 0.10% 0.13% 0.09% 0.10%
Meezan Euro Saving Account Monthly 0.15% 0.07% 0.32% 0.11% 0.11% 0.04% 0.02% 0.04% 0.08% 0.08% 0.05% 0.05%

Meezan Roshan Digital Account (US Dollar) Monthly - 0.78% 0.28% 0.25% 0.31% 0.21% 0.19% 0.21% 0.19% 0.20% 0.23%
Meezan Roshan Digital Account (Pound) Monthly - - 0.18% 0.14% 0.11% 0.03% 0.08% 0.10% 0.13% 0.09% 0.10%
Meezan Roshan Digital Account (Euro) Monthly - - 0.11% 0.11% 0.04% 0.02% 0.04% 0.08% 0.08% 0.05% 0.05%

Meezan Roshan Resident Account (US Dollar) Monthly - 0.25% 0.31% 0.21% 0.19% 0.21% 0.19% 0.20% 0.23%
Meezan Roshan Resident Account (Pound) Monthly 0.13% 0.09% 0.10%
Meezan Roshan Resident Account (Euro) Monthly - - -

COII 3 Months - Maturity 0.65% 0.65% 1.34% 0.48% 0.43% 0.54% 0.36% 0.32% 0.37% 0.32% 0.33% 0.39%
COII 6 Months - Maturity 0.71% 0.71% 1.46% 0.53% 0.47% 0.59% 0.39% 0.35% 0.40% 0.35% 0.36% 0.42%
Dollar Mudarabah Certificate - DMC
COII 1 Year - Six Monthly 1.01% 1.01% 2.07% 0.75% 0.67% 0.83% 0.56% 0.50% 0.57% 0.49% 0.52% 0.60%
$. 10 K - 49.9 K
COII 1 Year - Maturity 1.04% 1.04% 2.14% 0.77% 0.69% 0.86% 0.58% 0.52% 0.59% 0.51% 0.53% 0.62%
( Minimum Investment $. 10,000/- )
COII 3 Years - Six Monthly 1.07% 1.06% 2.19% 0.79% 0.71% 0.88% 0.59% 0.53% 0.60% 0.52% 0.55% 0.63%
COII 3 Years - Maturity 1.10% 1.10% 2.26% 0.82% 0.73% 0.91% 0.61% 0.55% 0.62% 0.54% 0.56% 0.65%

COII 3 Months - Maturity 0.74% 0.73% 1.51% 0.55% 0.49% 0.61% 0.41% 0.37% 0.42% 0.36% 0.38% 0.44%
COII 6 Months - Maturity 0.77% 0.77% 1.58% 0.57% 0.51% 0.64% 0.43% 0.38% 0.43% 0.38% 0.40% 0.46%
Dollar Mudarabah Certificate - DMC
COII 1 Year - Six Monthly 1.07% 1.06% 2.19% 0.79% 0.71% 0.88% 0.59% 0.53% 0.60% 0.52% 0.55% 0.63%
$. 50 K & Above
COII 1 Year - Maturity 1.10% 1.10% 2.26% 0.82% 0.73% 0.91% 0.61% 0.55% 0.62% 0.54% 0.56% 0.65%
( Minimum Investment $. 50,000/- )
COII 3 Years - Six Monthly 1.13% 1.12% 2.32% 0.83% 0.75% 0.93% 0.62% 0.56% 0.64% 0.55% 0.58% 0.67%
COII 3 Years - Maturity 1.15% 1.14% 2.35% 0.85% 0.76% 0.94% 0.63% 0.57% 0.64% 0.56% 0.59% 0.68%

Profit Rates are per annum and declared on Monthly basis.