UAN: 111-331-331 / 111-331-332  | 30 April, 2016 | Rajab 22, 1437 Contact Us | News

Meezan Bank Logo

Home | Personal Banking | Deposit Accounts | Rupee Saving Account

Rupee Saving Account

Ensuring Truly Halal Savings with Competitive Returns

The Riba-free Rupee Saving Account is a basic banking account for every customer's need. The account provides expected monthly returns along with a variety of free packaged benefits.

On agreeing to become a Rupee Saving 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.


Meezan Rupee Saving Account can be opened by Individuals, Sole-Proprietorships, Partnerships and Limited Companies.





  • Minimum investment required is Rs. 100
  • Profit will be calculated on daily product basis
  • Profit will be paid on monthly basis
  • Free issuance of Cheque Book
  • Free issuance of Pay Order
  • Free Online Banking service at all Meezan Bank branches
  • Free Internet Banking Facility
  • No restriction on withdrawals or number of transactions
  • Globally accepted Meezan VISA Debit Card
  • Free bank balance certificates
  • Access to priority desk
  • Issuance of duplicate statement of account
  • Free accidental death and accidental permanent disability Takaul of upto Rs. 1,000,000 and ATM Cash withdrawal Takaful to ALL individual account holders maintaining monthly average balance of Rs. 10,000 and above. Click here for details


Other facilities to facilitate your banking experience

Always Stay Connected with Our Online Banking

Our free Online Banking facility allows all customers to access their account and conduct banking transactions from any of Meezan bank's branches nationwide. Our online facility makes it easy to deposit and withdraw cash, make pay-order requests and access numerous banking services from any Meezan Bank branch even if the account is based in a different city.


Our free Online Banking, offers the following services:


  • Real-time cash deposit, instantly crediting your account!
  • Real-time cash withdrawal upto Rs. 5 million, giving you access to your money from anywhere in the Country!
  • Transfer of funds between your Meezan Bank accounts
  • Deposit and collection of clearing Cheques drawn within the same city
  • Issuance of Pay-order from any Meezan Bank branch


Profit sharing & Distribution Method


The Bank calculates the profit of the deposit pool every month. Gross income of the deposit pool is shared between the Bank (Mudarib) and customers (Rab-ul-Maal) on the basis of a predetermined profit-sharing ratio announced at the beginning of the month. The profit is distributed amongst the Account holders on the basis of predetermined weightages, announced at the beginning of the month. In case of a loss, as per the rules of Mudarabah, the Rab-ul-Maal shall bear the loss in the ratio of their investment.



Profit Sharing Ratio

  • Bank will share 45% of Gross Income as Mudarib
  • Depositor will share 55% of Gross Income as Rab-ul-Maal

Weightages for the Month of May 2016


Account Category
Profit Distribution Period/
Tier group
Weightage Assigned
Saving Account


Consolidated Weightages

Profit Rates for the month of March 2016

Daily Product Basis (PKR)
Profit Rates (% Per Annum)




 Historical Profit Rates


You can apply for opening an account at Meezan Bank in the following ways:



Online Account Opening Form



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


If you are a Pakistani citizen and currently residing in the country, you can fill our Online Account Opening Form anytime at your convenience. You can then visit the branch of your choice with the required documents*, list of which will be emailed to you, and get your account opened.


Apply Now

*This facility is currently available for Individual, Joint and Minor accounts for both regular and Premium Banking customers.


Download the Account Opening 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.


If you have any queries, please feel free to call our 24/7 Call Center at 111-331-331 and 111-331-332 OR get contacted by an officer:


Apply Now

*The Bank reserves the right to request for further documents on a case-to-case basis.


Visit a Branch for Opening Your Account



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.


List of Required Documents

Personal Accounts


For Individuals

  • Copy of valid ID Card*
  • Any job / Business proof
  • For Non-resident Pakistani, copy of passport with VISA page is also required


  For Housewife/ Students/ Retired Personnel

  • Copy of valid ID Card*
  • Any job / Business proof of sponsor (parents/husband/son etc) or pension; as case may be
  • Copy of valid ID Card* of parents/husband/son etc; as case may be


For Minors (individuals below the age of 18)

  • Copy of Birth Certificate/B-Form issued by NADRA
  • Copy of valid ID Card* of guardian / parents
  • Valid job/business proof of guardian


* ID Card means CNIC/ SNIC / NICOP / POC


Note: Please bring your original documents along with the photocopies.

         The Bank may ask for additional document, in case required.

Business Accounts

For a Limited Company

  • Certified copies of:
    (a) Memorandum and Articles of Association.
    (b) Certificate of Incorporation.
    (c) Certificate of Commencement of Business, wherever applicable.
    (d) Form-A / Form-B as applicable.
    (e) Form-29, wherever applicable.
    (f) Valid ID card* of all the directors and authorized person(s).
  • Board Resolution for opening of account specifying the person(s) authorized to open and operate the account.
  • List of Directors


For a Sole-Proprietorship

  • Copy of Valid ID card* of Proprietor
  • Copy of NTN Certificate
  • Account Opening Request & Proprietorship Letter on Letterhead as per Bank's prescribed format.
  • Registration certificate for registered concerns
  • Certificate or proof of membership of trade bodies etc, wherever applicable


For a Partnership

  • Copies of valid ID card* of all the partners and authorized signatories.
  • Attested copy of ‘Partnership Deed’ duly signed by all partners of the firm.
  • Attested copy of Registration Certificate with Registrar of Firms.
  • Account Opening Request Letter on Firm's Letter Head
  • Authority letter from all partners, authorizing the person(s) to operate firm’s account.


* ID Card means CNIC/ SNIC / NICOP / POC

Note: The Bank may ask for additional document, in case required.

Shariah Fatwa 
Register for Meezan Internet Banking Accout Login to your Meezan Internet Banking Account