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A Savings Account with Halal Profit

Meezan Bachat Account is a unique saving account that provides high expected monthly returns with the flexibility to withdraw savings if needed. Meezan Bachat Account offers a higher expected rate of return with nearly the same convenience and service of a regular savings account.

Meezan Bachat Account can be opened by Salaried or Self-employed, Housewives and Retired individuals.

Key Features

Free Chequebook

No charges on issuance of chequebook

Free Pay Orders

Free Pay Orders

Free Internet Banking

Free Internet Banking facility

Low Minimium Investment

Minimum deposit required to open an account is Rs. 50,000/-

Free Online Banking

Free Online Banking service at all Meezan Bank branches

Profit Payment

Profit payment is made to your Meezan Bank account on a monthly basis

Profit Calculation

Profit will be calculated on the Daily Product Basis

How the Bachat Savings Account Works

Download Fatwa

On agreeing to become a Meezan Bachat Account holder, the customer enters into a relationship based on Mudarabah with Meezan Bank. Under this relationship, the customer is an Investor (Rab-ul-Maal) and the Bank is the Manager (Mudarib) of the funds deposited by the customers. The Bank allocates the funds received from the customers to a deposit pool; funds from the pool are utilized to provide financing to customers under Islamic modes that include, but are not restricted to Murabaha, Ijarah, Istisna and Diminishing Musharkah.

Profit Sharing Ratio

Bank will share 50% of Gross Income as Mudarib

Depositor will share 50% of Gross Income as Rab-ul-Maal

Weightages for the Month of February 2023
Account Categories Profit Distribution Period Tier Groups Weightage Assigned
Meezan Bachat Account - Re.1 - 499.99K 0.41
Meezan Bachat Account - 500K & Above 0.41
Consolidated Weightages
Profit Rates for the Month of January 2023
Minimum Monthly Balance (PKR) Profit Rates (% per annum)
Re.1 - 499.99K 7.51
500K - Above 25M 7.51
Profit Rates
Historical Profit Rates

Want to Open a Bachat Savings Account

Download, Print, Fill Form

PDF version of our printed Account Opening Form is also available for download. You can print the form, fill your details and submit it along with the required documents at your preferred branch.

Download Form

Visit a Branch

You may visit any branch of Meezan Bank and our staff will assist you in filling the printed Account Opening Form and opening your account.

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