National Bank

SAVING 365 ACCOUNTS
This account is newly developed of MCB and it provides flexibility of saving account to business people.  Profit on deposits will be payable on daily product basis on balance of RS. 500,000/- and above.  However, if balance in the account falls below RS. 500,000/- on any day, the product will be ignored.  There will be no restriction on withdrawal from the account.  Zakat and withholding Tax is also applicable on the account opened under this scheme.

Minimum balance is Rs.500,000/=
Below minimum balance, profit calculation ignored
Profit calculated on daily basis
Profit paid on annually basis
10% Withholding Tax on minimum balance
Zakat deducted on  @ 2.5%
 

CAPITAL GROWTH CERTIFICATE SCHEME

  • Long term deposit
  • Profit rate as that of PLS Saving Account
  • Minimum amount of deposit is Rs. 10,000/=
  • Amount deposited  double in of 5 years
  • No maximum limit of Deposits
  • 10% Withholding Tax on minimum balance
  • Zakat deducted on  @ 2.5%

 

FUND MANAGEMENT SCHEME

  • Rate of return upto 15% per annum
  • Offered to corporate and business community
  • Development of secondary market for Government Securities
  • 10% Withholding Tax on minimum balance
  • No maximum limit of deposits
  • Zakat deducted on  @ 2.5%

 

KHUSHALI BACHAT ACCOUNT

  • Saving type account
  • Rate of return is 8% per annum
  • Profit calculated on daily basis
  • Profit paid on half yearly basis
  • Utility bills can be debited through this a/c
  • No charges will be debited for utility payments

 

KHANUM BACHAT SCHEME

  • Designed to support small savings of people
  • Depositing money for 10 years
  • No return until 10 year
  • Payments are made on monthly basis
  • No limit for monthly payments
  • After 10 year return will be on fixed rates

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