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What is Savings Accounts?

Savings Account allows unlimited withdrawals and deposits, and provides quarterly interest payment to the account.

Interest is calculated on a monthly basis before the fifth of every month.

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Special Benefit

  • Interest rate of up to 9.5% p.a.
  • Quarterly Interest Payment
  • Cash withdrawal by Cheque is allowed if linked to Current Account.
Basic documents required

Required Documents

Personal Account

  • NRC (original/copy)
  • Permanent Address
  • Occupation
  • Contact Number
  • 1 ID Photo
  • 2 Existing MCB customers as introducers (Name, Bank Acc Number & Signature)

Company Account

  • Application Letter in Company Letterhead
  • Meeting Minutes and Resolution in Company Letterhead
  • Memorandum of Association & Article of Association
  • Company Registration Certificate (original & copy)
  • Form VI and Form XXVI
  • List of Shareholders (Form E)
  • Partnership Agreement (If any)
  • 2 Existing MCB customers as introducers (Name, Bank Acc Number & Signature)
  • Designated Drawing Officer in person (NRC (original & copy), 1 ID Photo
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How To Apply

01
Please bring your ID, 2 passport-sized photo and other required documents.
02
Please visit MCB Branch nearby.
03
You can open any account type easily.
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Product Features

Savings Account allows unlimited withdrawals and deposits, and provides quarterly interest payment to the account. Interest is calculated on a monthly basis before the fifth of every month.

The current rate is 6.00% per annum.