Munafa Hi Munafa Term Account - III
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The product is available for all types of customers who are eligible to invest in term deposit as per Bank's criteria. The term account can be opened singly or jointly.
1 month
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7.00 %
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100,000/-
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Rs.583
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3 month
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8.75 %
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100,000/-
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Rs.729
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6 month
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9.25 %
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100,000/-
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Rs.771
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1 year
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10.50 %
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100,000/-
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Rs.875
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2 year
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10.60 %
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100,000/-
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Rs.883
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• This product is governed under PLS rules i.e. the rates mentioned are provisional and the Bank reserves the right to revise/revisit the profit rates under Profit & Loss sharing system and terms & conditions of scheme.
• The above expected rates are effective from 01-08-2010 for all fresh deposit procured/accounts opened under the Munafa-Hi-Munafa Scheme III. These rates will not be applicable to deposits already booked in these schemes till the time they are matured.
* Please note the rates will be reviewed on monthly basis.
Main terms & conditions are as follows:
- Minimum deposit is RS.100,000/-
- No Maximum deposit limit
- The profit will be paid on monthly basis
- Withholding Tax and Zakat will be deducted as per law, wherever applicable
* All other terms & conditions circulated earlier will remain the same