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 |
||
| 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)
