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The account that gives you more!

Experience a new level of banking with the Meezan Plus Account, designed to meet all your financial needs. This comprehensive, current remunerative account is based on the Islamic principle of Mudarabah and is ideal for Individuals, Sole Proprietorships, Partnerships, and Companies.

Enjoy added benefits and a rewarding banking experience by maintaining a monthly average balance of Rs. 200,000 or more. With Meezan Plus, your banking goes beyond transactions - it becomes an elevated experience.

Key Features & Benefits

  • Free Debit Card upon Account Opening: Customer can select any one card from VISA Classic, VISA Gold, Mastercard Classic, or PayPak Card (One free primary card per account)
  • Free Cheque Book, Free Payorders, Free Online Banking, Free Internet Banking, Free E-Statements Facility, Free Digital Transaction Alert Facility
  • Profit will be calculated Daily
  • Profit will be paid Monthly
  • Standard Charges Apply (except for free Meezan Plus services)
  • Zakat and Withholding Tax deducted as per regulations
  • Minimum investment required for account opening is Rs. 1,000/-
  • No Maximum investment limit
  • No restriction on withdrawals or number of transactions

Exclusive Perks

Following waivers can be availed by Meezan Plus account holders who maintain a monthly average balance of Rs. 200,000 or above**:

  • No annual fee on debit cards (Meezan PayPak Debit Card / Meezan VISA Silver Debit Card / Meezan Mastercard Classic Debit Card / Meezan VISA– Gold Debit Card)
  • Free On-Demand Account Statements
  • Free Intercity Clearing through NIFT
  • No Charges on Stop Payment Requests
  • Free SMS Alerts (all transactions)
  • No Charges for Balance Maintenance Certificate / Account Maintenance Certificate
  • No Charges on Payorder cancellation

**System will check the monthly average balance of Rs. 200,000/- of the previous month only before applying the above charges. For example: If the annual fee of the card is applicable in the month of May, 2025, the system will check the average balance of April, 2025 only. In the first month of opening an account, customer will be eligible for the waiver of the above services if the account balance is at least Rs. 200,000/- at the time of the transaction.

How Does the Meezan Plus Account Work?

Upon agreeing to become a Meezan Plus 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 deposited funds. The Bank allocates these funds to a deposit pool; which is then utilized to provide financing to customers through Islamic modes, including but not limited to Murabaha, Ijarah, Istisna, and Diminishing Musharakah.

Profit Sharing Ratio

Bank will share 50% of Gross Income as Mudarib

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

Weightages
Weightages for the Month of July 2024
ProductsTier GroupsWeightage Assigned
Meezan Plus AccountMonthly0.01
Consolidated Weightages
Profit Rates
Profit Rates for the Month of June 2024
ProductsTenureProfit Assigned
Meezan Plus AccountMonthly0.27%
Profit Rates
Historical Profit Rates

Want to Open a Meezan Plus 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.

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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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