Mudarabah Special Notice Deposit (MSND) Account

Nature of the Product:

Mudarabah Short Notice Deposit (MSND) Account bears the combined character of Al-Wadeeah Current Account and Al-Mudaraba Savings Account. MSND account holder gets profit in this account and enjoys drawing facility. MSND account serves the purposes of those firms or individuals have handsome fund at the same time needs frequent deposit and withdrawal facility.

Key Features:

• Institution and individual are eligible to open this account.
• Profit is allowed.
• Depositor enjoys right to draw any amount on demand.
• Provisional Profit will be distributed on half yearly basis. Final profit is credited to the account after finalization of the Balance Sheet of the Bank.
• Dual Currency Debit Card.
• Full access to ONE Bank APP & Internet Banking.
• Cheque book facility.
• Pay Order, e-statement facility, Standing Instruction, 24/7 Call Centre.
• Fund transfer facility through BEFTN, RTGS.
• Locker service facility.
• Tax, VAT, Excise Duty and other levy will be deducted at source as per Government declaration.
• Online Banking Facility available for easy and convenient banking for Client’s.