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
No charges on issuance of chequebook
Free Pay Orders
Free Internet Banking facility
Profit will be paid on monthly basis and calculated on daily basis
Free Online banking service at all Meezan Bank branches
No Restriction on withdrawals amount
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.
Bank will share 50% of Gross Income as Mudarib
Depositor will share 50% of Gross Income as Rab-ul-Maal
| September | Tier Groups | Weightage Assigned |
|---|---|---|
| Meezan Express Savings Account | Monthly | 0.42 |
| Products | Tenure | Profit Assigned |
|---|---|---|
| Express Saving Account | Monthly | 8.70% |
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 FormYou 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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