asoodgi term deposit

Senior citizens having age group of above 60 years and widows (irrespective of their ages) seeking Shari’ah compliant investment opportunities can invest in one year maturity TDR under this product to earn market competitive expected monthly profits to meet their monthly household expenses.

KEY FEATURES

Available in 1 year TDR
Invest with a minimum deposit of Rs. 50,000/-
Maximum investment limit is Rs. 2,500,000/-
Monthly profit payment option
Deposits are maintained on multiple tier basis.
Last Declared Profit Rate (Click Here)

For senior citizens there will be an option available for opening joint account / either or Survivor as well. Accordingly, the senior citizens who will be the primary account holder can open this account jointly with any other person having age below 60 years.

*Withholding Tax and Zakat is applicable as per existing policy of Government.

** In case of premature encashment profit shall be calculated and paid on the basis of actual declared monthly profit rates of TDR for the corresponding completed period as per related tier for the relevant period of stay of deposit with the MCB Islamic Bank Limited.