MCB Islamic Niswaan Current Account

MCB Islamic Niswaan Account has been exclusively designed for women from all segments of the society who are seeking Shari’ah compliant chequing current account with value added free facilities (also available to the saving variant of this account) subject to meeting below-mentioned criteria. Click Here to open account now.

Benefits/Features

MCB Islamic Niswaan Current Account can be offered to:

Females (Individuals & Sole Proprietors)
No minimum balance requirement.
Joint account allowed, provided that the primary account holder is a female.

Initial Deposit

Rs. 1000/-

Transaction Limit

Unlimited Deposits & Withdrawals

Online Banking

Free

Acceptable Currency

PKR

Free Services and Eligibility Criteria:

Eligibility Criteria	Eligibility Criteria Description	Eligible Benefits
Criteria-1	For MCB Islamic Niswaan accountholder, the services mentioned in column (C) shall become free for the: • Month of account opening if PKR 100,000/- ≤ Initial Deposit Amount < PKR 500,000/- is made by the customer in the same month; OR • Current month if PKR 100,000/- ≤ Monthly Average Balance < PKR 500,000/- is maintained by the customer for the previous month.	Cheque Book Issuance to be Free*
Criteria-2	For MCB Islamic Niswaan accountholder, the services mentioned in column (C) shall become free for the: • Month of account opening if PKR 500,000/- ≤ Initial Deposit Amount < PKR 1,000,000/- is made by the customer in the same month; OR • Current month if PKR 500,000/- ≤ Monthly Average Balance < PKR 1,000,000/- is maintained by the customer for the previous month.	i. Issuance of Cheque Book to be Free; AND ii. Issuance of Debit Card (New and Annual / Renewal) – All variants of any payment scheme to be Free except UnionPay’s Platinum Card
Criteria-3	For MCB Islamic Niswaan accountholder, the services mentioned in column (C) shall become free for the: • Month of account opening if PKR 1,000,000/- ≤ Initial Deposit Amount < PKR 2,000,000/- is made by the customer in the same month; OR • Current month if PKR 1,000,000/- ≤ Monthly Average Balance < PKR 2,000,000/- is maintained by the customer for the previous month.	i. Issuance of Cheque Book to be Free; AND ii. Issuance of Debit Card (New and Annual / Renewal) – All variants of any payment scheme to be Free except UnionPay’s Platinum Card; AND iii. 50% discount in first year locker charges on small size locker (subject to locker availability).
Criteria-4	For MCB Islamic Niswaan accountholder, the services mentioned in column (C) shall become free for the: • Month of account opening if PKR Initial Deposit Amount ≥ PKR 2,000,000/- is made by the customer in the same month; OR • Current month if Monthly Average Balance ≥ PKR 2,000,000/- is maintained by the customer for the previous month.	i. Issuance of Cheque Book to be Free; AND ii. Issuance of Debit Card (New and Annual / Renewal) – All variants of any payment scheme to be Free; AND iii.100% discount* in first year locker charges on small size locker (subject to locker availability); AND iv. 50% discount* in processing fee on Consumer Car Finance and Housing Finance.
* Note:	Means PKR 1/- plus applicable taxes / FED.

If the above criteria are not met by MCB Islamic Niswaan Accountholder, then standard charges for the aforementioned services shall be applicable as given in MCB Islamic Bank’s Schedule of Banking Charges as prevailing from time to time.

Other Facilities

Cheque Books
Banker’s Cheque
ATM/Debit Card
SMS Alerts
Internet Banking
Mobile App
Phone Banking (24/7 Call Centre)

Nature of Product

MCB Islamic Niswaan Current Account is based on the concept of “Qard” where the Customer is “lender” and the Bank is “borrower”. The amount deposited by Customer in this account shall remain payable by the Bank to the customer until paid. Bank may at its discretion use or employ such funds as it deems fit in approved Shari’ah Compliant avenues. This is non-remunerative chequing account where the bank is liable to pay your money back on demand without any additional charges.

Key Fact Sheet

MCB Islamic has taken a proactive approach to promote responsible and transparent banking practices. To help customers make informed decisions about our products, we have created Key Fact Statements (KFS) that provide a comprehensive overview of the affordability, features, pricing, and other important factors of our banking services. We encourage you to review the below KFS sheet carefully to make informed decision.

KFS For Niswaan Saving Account

For more information, please call our Contact Centre at 042-111-222-642, or visit your nearest MCB Islamic Bank Branch.
Note: Terms and Conditions apply. All taxes are applicable as per Government regulations, and all Bank Charges are applicable as per the prevailing Schedule of Charges (SOC).