The Meezan Bank dollar savings account is a Mudarabah based savings account that a customer can easily open and operate US Dollars and is therefore an excellent business tool for both individuals and corporate clients for meeting their business needs and for diversifying their investment in different foreign currencies to safeguard against currency fluctuations.
The Meezan Bank Dollar Saving Account can be opened by Individuals and Self Employed Businessmen which include sole proprietorships, partnerships and limited companies.
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Meezan Bank Dollar Savings Account Benefits
1. Facility of Free Cheque Book:
· Meezan Bank provides the facility of no charges on issuance of cheque book
2. Facility of Minimum Deposit:
· Meezan Bank provides the facility of minimum investment required to open an account which up to $100
3. Facility of Profit Payment & Calculation:
· Meezan Bank provides the facility of profit payment & calculation in which the profit will be paid on monthly basis and calculated on daily basis
4. Facility of No Deduction:
· Meezan Bank provides the facility of no service charges if the balance maintained is low
5. Facility of Foreign Remittances:
· Meezan Bank provides the receiving facility of foreign remittances
Meezan Bank Dollar Savings Account Eligibility and Required Documents
1. The account opener must provide one valid copy of the Computerized National Identity Card (CNIC).
2. The Salaried Individual (SI) must provide a valid copy of service card or slip of pay or latest copy of Form 29
3. The Self Employed Businessmen must provide a letter of sole proprietorship on the letterhead or NTN Certificate of Business
4. The Housewives/Students/Retired person must provide valid proof of source of income of financial supporters.
5. In exceptional cases, the bank will need other documents.
Meezan Bank Dollar Saving Account Profit Rate
· The monthly based profit rate of the Meezan Bank Dollar Saving Account is 0.23%
· For example, if an individual deposits $100,000 in an account then he/she will be rewarded up to $230.
Meezan Bank Dollar Saving Account Apply Online
The desired customers download the application form from the link below. After proper filling of the application form, submit it to the nearest Meezan bank branch.
Meezan Bank Helpline Numbers
· Telephone: +92 21 111 331 331
· Email: email@example.com