Product Description
Mahana Munafa term deposit provides you the comfort of liquidity along with a security of your money being in safe hands.
Product Features
- Minimum investment of Rs. 5000/-.
- Instruments will be issued in multiples of Rs-1000/-.
- Profit will be paid on monthly basis in customer's account maintained with the bank.
- Term Deposit may be fixed for 6 Months, 12 Months, 2 Years, 3 Years, 4 Years & 5 Years.
- *No penalty for premature payment will be levied in case of premature payment of deposits
- Profit payment is subject to tax deduction.
Note:
* In case of pre-mature encashement of instrument, rate of previous term completed will be applicable.
Indicative Rate of Profit
As per SOBC
| Mahana Munafa Term Deposit | ||||||
|---|---|---|---|---|---|---|
| Tiers | 6 Months | 12 Months | 2 Years | 3 Years | 4 Years | 5 Years |
| Rate | Rate | Rate | Rate | Rate | Rate | |
| 5000&*Above | 7.25% | 7.50% | 7.00% | 7.00% | 7.00% | 7.00% |
* Rates are subject to change as per Banks policy
