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.
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 |
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| Tenure | Profit Rate |
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1 |
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| 2 years |
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| 3 Years |
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*Provisional Rate |
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- Lucrative pre mature encashment benefit is offered.
Profit Rate :
9.50%
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)
