Mudarabah Monthly Income Deposit Scheme

Nature of the Product:

Depositors who need monthly return on deposit such as Retired Service Holders, Idle Fund Holders who have no scope to invest in business are entertained in this scheme. Different organization/firms can also open MMIDS account. The depositor avail profit at the end of month at the provisional rate. Provisional profit is adjusted after declaring final rate to depositors account.

Key Features:

• The client has to open a link account to transfer profit.
• Tenor of deposit is 1, 3 & 5 years.
• Premature encashment is allowed with due reduction of profit.
• Auto- Renewal Facility