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.
Meezan Rupee Saving Account can be opened by Individuals and businesses including Sole Proprietorships, Partnerships and Limited Companies.
Freelancers can also open this account, subject to satisfactory proof of income document.
No charges on issuance of chequebook
Free Pay Orders
Free Internet Banking Facility
Minimum investment required is Rs. 100/- *
Free Online Banking service at all Meezan Bank branches
Access to priority desk
Profit will be paid on monthly basis and calculated on daily basis
No restriction on withdrawals or number of transactions
* No initial deposit would be required for opening of accounts for
(i) Mustahkeen of Zakat
(ii) Students
(iii) Employees of Government or semi-Government institutions for salary and pension purposes (including widows/children of deceased employees eligible for family pension/benevolent fund grant, etc.)
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.
Bank will share 50% of Gross Income as Mudarib
Depositor will share 50% of Gross Income as Rab-ul-Maal
| Products | Tier Groups | Weightage Assigned |
|---|---|---|
| Rupee Saving Account | Monthly | 0.37 |
| Products | Tenure | Profit Assigned |
|---|---|---|
| Rupee Savings Account | Monthly | 7.54% |
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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