Complete Protection of Funds
Muhafiz Savings Account provides end-to-end services of transactions and savings facilities to all serving and retired government officials with the most convenient investment process. Muhafiz account holders can easily earn high profits on savings with no minimum balance requirement while also keeping their funds completely accessible at any time.
Product Features for Salaried
- 7% p.a. profit on monthly average balance
- No minimum balance requirement
- Deposit can conveniently be made through OTC, ATM, Internet banking or Mobile banking
- Unlimited transactions
- No account opening charges
- Target audience includes serving government officials residing in both urban and rural areas
- Account to be marked dormant after 12 months of inactivity
Product Features for Pensioner
- 7% p.a. profit on monthly average balance
- No minimum balance requirement
- Deposit can conveniently be made through OTC, ATM, Internet banking or Mobile banking
- Unlimited transactions
- No account opening charges
- Target audience includes retired government officials residing in both urban and rural areas
- Account to be marked dormant after 6 months of inactivity
Special conditions for Pensioner
- Pensioners will be required to undergo biometric verification at branch semi-annually each year. In case of non-availability of customer due to adverse health, provision of “LIFE certificate” will be mandatory on the same schedule.
- In case of family pension, the pension nominee (widow/widower, unmarried daughter, sister) is required to present “Non-marriage certificate” each year.
Free Services on Muhafiz Account on maintaining a minimum balance of PKR 10,000 & above:
- Free cheque book (25 leaves)
- Free clearing (inward and outward)
- Free bankers cheque (2 per month)
- Free monthly duplicate statement
- Free online service (only cash deposit and account to account transfer)