*APPLICABLE FROM 1st Jan 2019 to June 30th 2019
| CUSTOMER’S ACCOUNT | |
|---|---|
| Sahulat CURRENT ACCOUNT OPENING | Free with minimum Initial Deposit of PKR. 100/- |
| Bachat (Pls) Account Opening Borrower Disbursement Account Opening | Free with minimum Initial Deposit of PKR. 100/- |
| BASIC BANKING ACCOUNT (BBA) ACCOUNT OPENING | Free with Initial Deposit of PKR. 1000/- |
| SERVICE CHARGES | |
| For Current Account | Nil |
| For Saving Account | Nil |
| Account Closure Charges | Nil on all Accounts |
| *All current accounts having outstanding balance in TDRs and Loan facility accounts are exempted from service charges. | |
| CLEARING | |
| Cheque Return Charges-Inward Clearing | PKR. 250/- plus F.E.D per instrument |
| Cheque Return Charges-Outward Clearing | PKR. 100/- plus F.E.D per instrument |
| Intercity Clearing lodgment | PKR. 200/- plus FED per instrument |
| Intercity Clearing Return | PKR. 200/- per instrument |
| Same Day Clearing lodgment | PKR. 300 plus FED (Where Applicable) |
| Same Day Clearing Return | PKR. 200 plus F.E.D |
| Outward Bills for Collection (OBC)-Clean | |
| Clean Collection (Cheques) | PKR. 250/- plus FED, PKR. 50 postage and actual DD charges charged by drawee bank |
| OBC Return | PKR. 250/- plus F.E.D |
| Banker’s Cheque (For A/C holders only) | |
| Banker’s Cheque Issuance Charges | PKR. 150/- plus F.E.D |
| Banker’s Cheque Cancellation Charges | PKR. 100/- plus F.E.D |
| Duplicate Banker’s Cheque Issuance Charges | PKR. 150/- Plus F.E.D |
| Internet Banking Charges | |
| Internet Banking Charges | Free |
| Inter Branch online transactions | |
| Deposit ( cash ) within city | Free |
| Deposit ( cash ) Intercity | Free |
| Cash Withdrawal within city | Free up to 500K; PKR. 50/- plus F.E.D above 500K per day |
| Cash Withdrawal intercity | Free up to 100K per day; PKR. 50/- plus F.E.D above PKR. 100K per day |
| CHEQUE BOOK CHARGES | |
| 5 Leaves | PKR. 25/- |
| 10 Leaves | PKR. 50/- |
| 25 Leaves | PKR. 125/- |
| 50 Leaves | PKR. 250/- |
| 100 Leaves | PKR. 500/- |
| MISCELLANEOUS | |
| Stop Payment Charges (single cheque) | PKR. 100/- Plus F.E.D |
| Stop Payment (Series of Cheques) | PKR. 200/- Plus F.E.D |
| Account Closure Charges (Current AC) | PKR. 100/- Plus F.E.D |
| CERTIFICATE ISSUANCE CHARGES | |
| Duplicate Statement of Account / Advice Charges | PKR. 35/- inclusive of FED |
| Account/Relationship/Balance Certificate | PKR. 100/- |
| Duplicate Copy of Paid Cheque/instruction(Less than 6 Months) | PKR. 100/- Plus F.E.D |
| Duplicate Copy of Paid Cheque/instruction(More than 6 Months) | PKR. 200/- Plus F.E.D |
| Mailing Charges (Postage, Courier & Fax) | Actual, Minimum PKR. 50/-plus F.E.D |
| Confirmation of Balance to 3rd Party (Auditors) | PKR. 300/- plus F.E.D |
| Standing Instruction Charges | PKR. 50 Plus FED per Transaction |
| ATM,VISA, SMS & E-Statement | |
| EMV VISA Classic- ATM Card Issuance | 300/- Plus F.E.D |
| EMV VISA Classic- ATM Card Re-issuance | 300/- Plus F.E.D |
| EMV VISA Classic- ATM Card Renewal | 300/- Plus F.E.D |
| EMV VISA Classic Plus- ATM Card Issuance | 500/- Plus F.E.D |
|
EMV VISA Classic Plus- ATM Card Re-issuance |
500/- Plus F.E.D |
|
EMV VISA Classic Plus- ATM Card Renewal |
500/- Plus F.E.D |
| Cash withdrawal from Other Bank (ATM 1-Link/ M-Net) | PKR. 18.75/-(Inclusive of F.E.D) |
| Balance Enquiry M-Net ATM | 5/-(Inclusive of F.E.D) |
| Balance enquiry on 1-Link ATM | R.s. 2.5/- |
| Balance enquiry M-Net ATM | PKR. 5/-(Inclusive of F.E.D) |
| Mini-statement MMBL ATM | Free |
| SMS Banking Charges | Free |
| E-Statement | Free |
| Inter Bank Fund Transfer through ATM (IBFT) | ||
|---|---|---|
| Customer Fee - Effective March, 2019 | Customer Charges | Current Status |
| Cash withdrawal from Other Bank (ATM 1-Link/ M-Net) | 15/-(Inclusive of F.E.D) | 18.75/-(Inclusive of F.E.D) |
| From R.s. 0 to 10,000/- | R.s.1/- | R.s.2/- |
| From R.s. 10,001/- to 250,000/- | R.s.8/- | R.s.16/- |
| *From R.s. 250,001/- to 1000,000/- | R.s.15/- | R.s.30/- |
| *From R.s. 1000,001/- and Above | R.s.30/- | R.s.60/- |
| *1-Link Approvel Required | (Inclusive of all Taxes) | - |
| Card issuance Fee | 500/- Plus F.E.D | - |
| Basic Card Annual Fee | Free | - |
| Supplementary Card issuance Fee | 300/- Plus F.E.D | - |
| Renewal Fee | 500/- Plus F.E.D | - |
| Basic Card Replacement Fee | 250/- Plus F.E.D | - |
| Supplementary Card Replacement Fee | 250/- Plus F.E.D | - |
| Locker Charges | |||
|---|---|---|---|
| Category | Lockers | Security Key Deposit | Annual Fee |
| For General Public |
Small |
R.s.10,000/- |
R.s.2,500/- R.s.3,500/- R.s.5,000/- |
| For MMBL Staff | Small Medium Large |
R.s.5,000/- R.s.7,500/- R.s.10,000/- *Refundable at the time of surrender of locker |
R.s.1,250/- R.s.1,750/- R.s.2,500/- |
| Karobar LOAN | |
|---|---|
| Markup Rate | 18% Flat p.a. |
| Processing Fee | PKR.1,150 Plus FED |
| Credit Insurance | Free |
| Pre-payment | 5% of Balance Principle Amount if completed tenure is less than 80% |
| Late Payment Penalty | PKR 25/- per day |
| KHUSHHAL KISAN LOAN | |
| Markup Rate | 32% Flat p.a. |
| Credit Insurance | Free |
| Processing Fee | PKR.1,800/- Plus FED |
| payment penalty | 5% of Balance Principle Amount if completed tenure is less than 50% |
| FORI CASH LOAN | |
| Markup Rate | 21-24% Flat p.a. |
| Credit Insurance | Free |
| Processing Fee | PKR.1,500/- Plus FED |
| Late Payment Penalty |
PKR 50/- per day |
| Pre-payment | Nil |
| MICROENTERPRISE LOAN | |
| Markup Rate | 18-20% Flat p.a. |
| Credit Insurance | Free |
| Processing Fee | 1.5% OF Principal Loan Amount plus FED |
| Pre-payment | 5% of Balance Principle Amount if completed tenure is less than 80% |
| TRACTOR LOAN | |
| Markup Rate | 10% Flat p.a. |
| Credit Insurance | Free |
| Processing Fee | 1.5% OF Principal Loan Amount plus FED |
| Pre-payment | Nil |
| AGRI. PASS BOOK LOAN | |
| Markup Rate | 20-25% Flat p.a. |
| Credit Insurance | Free |
| Processing Fee | 1.50% OF Principal Loan Amount plus FED |
| Pre-payment | Nil |
| LIVESTOCK LOAN | |
| Markup Rate | 31% Flat p.a. |
| Credit Insurance | Free |
| Processing Fee | PKR.1,500/- Plus FED |
| Pre-payment | 5% plus FED of Balance Principle Amount if completed tenure is less than 80% |
| HOME REMITTANCES | |
| Home Remittance | No charges recovered on Home Remittances routed under SBP Home Remittance rebate Scheme. |
| Issuance of Proceed Realization Certificate for remittance received within 01 Year. | Free |
| Issuance of Proceed Realization Certificate for remittance received beyond 01 Year. | 450+FED per certificate |
| Issuance of Duplicate Proceed Realization Certificate. | 600+FED per certificate |
| Mobi House Loan | |
| Processing Fee | 1.5% of Principal Loan Amount Plus F.E.D |
| Credit Insurance | Free |
| Pre-payment Penalty | Nil |
| Markup Rate | 12% Flat p.a. |
- Withholding Tax / FED / Any other taxes will be charged / levied as per applicable Government Rates.
- Salary and Zakat Accounts are exempted from Service Charges.
- No initial deposit required for opening of accounts by (i) Mustahkeen of Zakat (ii) Students (iii) Employees of Government or Semi-Government Institutions for Salary and Pension purposes (including widows / children of deceased employees eligible for family pension / benevolent fund grant, etc.) and other similar type of accounts.
- No service charges for Employees of Mobilink Microfinance Bank Ltd except from 1-Link/MNet charges.
- In view of limited number of lockers staff can avail upto 10% of total lockers (small & medium).
- Charges Levied because of processing error will be refunded.
- F.E.D is applicable in the Provinces of Punjab, Balochistan, Kyber Pakhtunkhawa and A.J.K according to their Provincial rates, where as F.E.D is not applicable in Federal Capital and Sindh Province
-
*In connection to SBP PSD circular 9/2018, Point 1, Sub point (3)