Mudaraba Monthly Profit Scheme (MMPS) is a special type of deposit account where client can avail monthly profit which will be transferred to MSD (Mudaraba Savings Deposit)/ AWCD (Al-Wadiah Current Deposit)/ MSND (Mudaraba Short Notice Deposit) Account.

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Key Features:
 

  • Mudaraba Monthly Profit Scheme (MMPS) is a special type of deposit account where client can avail monthly profit which will be transferred to MSD (Mudaraba Savings Deposit)/ AWCD (Al-Wadiah Current Deposit)/ MSND (Mudaraba Short Notice Deposit) Account.
  • One Person can open more than one MMPS Account.
  • Tenure: 1, 2 & 3 years.
  • Investment Facility can be availed.
  • Source Tax & Excise Duty to be deducted as per Government Rule.

 

Details of MMPS Scheme

Tenure Profit Rate Monthly Gross Profit Per Lac (Before Tax)

1, 2, & 3 years

7.00% p.a.*

(time to time to be changed)

580.00 (±)

*Provisional Rate

 

  • Lucrative pre mature encashment benefit is offered.

 

Required Documents:

  • 1 copy photograph of Client.
  • 1 copy photograph of nominee duly attested by Client.
  • Identification proof like NID/Passport/Birth Certificate of Client.
  • Identification proof like NID/Passport/Birth Certificate of Nominee.
  • TIN Certificate of Client (if any).
  • Documents/Information related with sources of fund (if any)