*Applicable from October 1, 2020 to December 31st, 2020

CUSTOMER’S ACCOUNT
Sahulat CURRENT ACCOUNT OPENING Free with minimum Initial Deposit of PKR. 100/-
Bachat (PLS) Account Opening  Free with minimum Initial Deposit of PKR. 100/-
Borrower Disbursement Account Opening(BDA) Free with no initial deposit
SERVICE CHARGES
For Current Account Nil
For Saving Account Nil
Account Closure Charges Nil on all Accounts
*All current accounts having outstanding balance in TDRs and Loan facility accounts are exempted from service charges.
CLEARING
Cheque Return Charges-Inward Clearing PKR. 250/- plus F.E.D per instrument
Cheque Return Charges-Outward Clearing PKR. 100/- plus F.E.D per instrument
Intercity Clearing lodgment PKR. 200/- plus FED per instrument
Intercity Clearing Return PKR. 200/- per instrument
Same Day Clearing lodgment PKR. 300 plus FED (Where Applicable)
Same Day Clearing Return PKR. 200 plus F.E.D
Outward Bills for Collection (OBC)-Clean
Clean Collection (Cheques) PKR. 250/- plus FED, PKR. 50 postage and actual DD charges charged by drawee bank
OBC Return PKR. 250/- plus F.E.D
Banker’s Cheque (For A/C holders only)
Banker’s Cheque Issuance Charges PKR. 150/- plus F.E.D
Banker’s Cheque Cancellation Charges PKR. 100/- plus F.E.D
Duplicate Banker’s Cheque Issuance Charges PKR. 150/- Plus F.E.D
Internet Banking Charges
Internet Banking Charges Free
Inter Bank Fund Transfer:- RGST (Real Time Gross Settlement)
From 9:00 a.m. to 12:30 p.m. PKR. 220/-
From 12:30 p.m. to 3:00 p.m. PKR. 330/-
From 3:00 p.m. to 4:00 p.m. PKR. 550/-
Inter Branch online transactions
Deposit ( cash ) within city Free
Deposit ( cash ) Intercity Free
Cash Withdrawal within city Free up to 500K; PKR. 50/- plus F.E.D above 500K per day
Cash Withdrawal intercity Free up to 100K per day; PKR. 50/- plus F.E.D above PKR. 100K per day
CHEQUE BOOK CHARGES
5 Leaves PKR. 25/-
10 Leaves PKR. 50/-
25 Leaves PKR. 125/-
50 Leaves PKR. 250/-
100 Leaves PKR. 500/-
F.E.D F.E.D is applicabe in the provinces of Punjab, Balochistan, Kyber Pakhtunkhawa and A.J.K according to their Provincial rates, where as F.E.D is not applicable in Federal and Sindh Province.  
MISCELLANEOUS
Stop Payment Charges (single cheque) PKR. 100/- Plus F.E.D
Stop Payment (Series of Cheques) PKR. 200/- Plus F.E.D
CERTIFICATE ISSUANCE CHARGES
Statement of account on Customer Demand/ Credit advice charges PKR. 35/- inclusive of F.E.D
Account/ Relationship/ Balance Certificate PKR. 100/- Plus F.E.D
Duplicate Copy of Paid Cheque/instruction(Less than 6 Months) PKR. 100/- Plus F.E.D
Duplicate Copy of Paid Cheque/instruction(More than 6 Months) PKR. 200/- Plus F.E.D
Mailing Charges (Postage, Courier & Fax) Actual, Minimum PKR. 50/-plus F.E.D
Confirmation of Balance to 3rd Party (Auditors) PKR. 300/- plus F.E.D
Standing Instruction Charges PKR. 50 Plus FED per Transaction
ATM,VISA, SMS & E-Statement
EMV VISA Classic- ATM Card Issuance 300/- Plus F.E.D
EMV VISA Classic- ATM Card Re-issuance 300/- Plus F.E.D
EMV VISA Classic- ATM Card Renewal 300/- Plus F.E.D
EMV VISA Classic Plus- ATM Card Issuance 500/- Plus F.E.D

EMV VISA Classic Plus- ATM Card Re-issuance

500/- Plus F.E.D

EMV VISA Classic Plus- ATM Card Renewal

500/- Plus F.E.D

PAY PAK Classic- ATM Card-Issuance

PKR. 300/- Plus F.E.D

PAY PAK Classic- ATM Card Re-Issuance

PKR. 300/- Plus F.E.D

PAY PAK Classic- ATM Card Renewal

PKR. 300/- Plus F.E.D

PAY PAK Gold- ATM Card-Issuance

PKR. 500/- Plus F.E.D

PAY PAK Gold- ATM Re-Issuance

PKR. 500/- Plus F.E.D

PAY PAK Gold- ATM Card Renewal

PKR. 500/- Plus F.E.D
Cash withdrawal from Other Bank (ATM 1-Link/ M-Net) PKR. 18.75/-(Inclusive of F.E.D)
Balance Enquiry on 1-Link ATM PKR 2.5 /-(Inclusive of F.E.D)
Mini-statement MMBL ATM Free
SMS Banking Charges Free
E-Statement Free
Inter Bank Fund Transfer through ATM (IBFT)
Customer Fee Customer Charges Current Status
     
From R.s. 0 to 10,000/- R.s.1/- R.s.2/-
From R.s. 10,001/- to 250,000/- R.s.8/- R.s.16/-
*From R.s. 250,001/- to 1000,000/- R.s.15/- R.s.30/-
*From R.s. 1000,001/- and Above R.s.30/- R.s.60/-
*1-Link Approval Required - -
**Waiver of Charges due to Covid-19 Interbank and Intrabank fund transfer charges through A.T.M., Internet Banking and Mobile are waived off due to Covid-19 situation until further notice.  
Locker Charges
Category Lockers Security Key Deposit Annual Fee
For General Public

Small
Medium
Large

R.s.10,000/-
R.s.15,000/-
R.s.20,000/-
*Refundable at the time of surrender of locker

R.s.2,500/-Plus F.E.D
R.s.3,500/-Plus F.E.D
R.s.5,000/-Plus F.E.D
For MMBL Staff Small
Medium
Large
R.s.5,000/-
R.s.7,500/-
R.s.10,000/-
*Refundable at the time of surrender of locker
R.s.1,250/-Plus F.E.D
R.s.1,750/-Plus F.E.D
R.s.2,500/-Plus F.E.D
Karobar LOAN
Markup Rate 24% p.a.
Processing Fee PKR.2,500/- Plus F.E.D
Credit Insurance Free
KHUSHAAL KISAN LOAN
Markup Rate 35% p.a.
Credit Insurance Free
Processing Fee PKR.2,500/- Plus F.E.D
FORI CASH LOAN
Markup Rate 25-26% p.a. (According to Loan Tenure)
Credit Insurance Free
Processing Fee PKR.2,500/- Plus F.E.D
Gold Auction Advertisement charges PKR. 300/-
MICRO ENTERPRISE LOAN
Markup Rate 25% p.a.
Credit Insurance Free
Processing Fee 1.75% of Principal Loan amount plus F.E.D
Gold Auction Advertisement charges PKR. 300/-
TRACTOR LOAN
Markup Rate 18% p.a.
Credit Insurance Free
Processing Fee 2% of Principal Loan Amount plus F.E.D
AGRI. PASS BOOK LOAN
Markup Rate 20-25% p.a. (According to Loan amount)
Credit Insurance Free
Processing Fee 2% OF Principal Loan Amount plus FED
LIVESTOCK LOAN
Markup Rate 33% p.a.
Credit Insurance Free
Processing Fee PKR.2,500/- Plus FED
HOUSE LOAN
Processing Fee 2% of Principal Loan Amount Plus F.E.D
Credit Insurance Free
Markup Rate 14% Flat p.a.
HOME REMITTANCES
Home Remittance No charges recovered on Home Remittance scheme
Issuance of Proceed Realization Certificate for remittance received within 01 Year Free
Issuance of Proceed Realization Certificate for remittance received beyond 01 Year 450+FED per certificate
Issuance of Duplicate Proceed Realization Certificate 600+FED per certificate
COMMERCIAL VEHICLE LOAN
Processing Fee 2% of Principal Loan Amount Plus F.E.D
Credit Insurance Free
Markup Rate 14% Flat p.a.
SCHOOL LOAN
Processing Fee 2% of Principal Loan Amount Plus F.E.D
Credit Insurance Free
Markup Rate 15% p.a.
KHUSHAAL KISSAN LOAN (VALUE CHAIN)
Processing Fee Rs. 2,250 plus F.E.D
Credit Insurance Free
Markup Rate 25% Flat p.a.
  • Withholding Tax / FED / Any other taxes will be charged / levied as per applicable Government Rates.
  • Salary and Zakat Accounts are exempted from Service Charges.
  • No initial deposit required for opening of accounts by (i) Mustahkeen of Zakat (ii) Students (iii) Employees of Government or Semi-Government Institutions for Salary and Pension purposes (including widows / children of deceased employees eligible for family pension / benevolent fund grant, etc.) and other similar type of accounts.
  • No service charges for Employees of Mobilink Microfinance Bank Ltd except from 1-Link/MNet charges.
  • In view of limited number of lockers staff can avail upto 10% of total lockers (small & medium).

 

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