Mahana Deposit
A hassle-free term deposit account developed to cover your monthly kitchen expense with attractive returns and tenors of 1-5 years
PRODUCT FEATURES AND BENEFITS
Account Type | Fixed Deposit |
Eligibility | Individuals Only |
Deductions | Subject to Zakat, WHT & other Govt. levies applicable as per the rules |
Min Investment | PKR 25,000 |
Profit Payout | Monthly Basis |
Premature Encashment Penalty | In case of Premature encashment of “Mahana”, fee will be levied for premature Withdrawal / encashment of funds. The fee to be deducted is 2% of the principal amount or the total amount of profit already paid up to the date of Premature Withdrawal/encashment, whichever is lower. |