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Designed to facilitate the beneficiaries of home remittance

Meezan Express Savings Account has been designed to facilitate the beneficiaries of home remittance and encourage them to use formal banking channels. The biggest advantage of Meezan Express Savings Accounts is it can be opened on the basis of a CNIC only* & there is NO WITHHOLDING TAX on cash withdrawals through cheque or ATM.

*Terms and Conditions apply

Key Features

Withdrawals

Withdrawals

No Restriction on withdrawals amount

Internet Banking

Internet Banking

Free Internet Banking facility

Profit Payment & Calculation

Profit Payment & Calculation

Profit will be paid on monthly basis and calculated on daily basis

Online Branch Banking

Online Branch Banking

Free Online banking service at all Meezan Bank branches

Takaful Coverage

Takaful Coverage

Free Takaful Coverage* upto Rs. 1 million in case of an Accidental Death and Permanent Disability

Free ATM Takaful Coverage* upto Card Limit

*Maintaining a monthly average balance of Rs 10,000 and above.

*Terms & Conditions apply

How the Meezan Express Savings Account Works

On agreeing to become a Rupee Meezan Express 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 September 2018
Account Categories Profit Distribution Period Tier Groups Weightage Assigned
Express Savings Account Monthly - 0.63
Consolidated Weightages
Profit Rates for the Month of August 2018
Daily Product Basis (PKR) Profit Rates (% per annum)
- 2.60
Historical Profit Rates

Want to Open an Express Savings Account?

Apply Online

Alhamdulillah, Meezan Bank is the first Bank in Pakistan that offers the facility of filling its Account Opening Form online.

Apply Online

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.

Locate a Branch

Get Contacted

Fill out the form below to be contacted by a Meezan Bank representative.

Get Contacted

Get contacted by our representative!

Fill out the form below and you'll be guided about how you can open your new account.

Name *
Email
Phone Number *
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