04/12/2023

04/12/2023

PRESENTATIONON MUSLIM

COMMERCIAL BANK [MCB]

BY: Syeda Umama Iftikhar. Nazish Syed. Naveed jan.

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MUSLIM COMMERCIAL BANK

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‘OUR VISION IS TO BE THE LEADING FINANCIAL SERVICES PROVIDER, PARTNERING WITH OUR CUSTOMERS FOR A MORE PROSPEROUS AND SECURE FUTURE’.

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“OUR MISSION IS TO BECOME THE PREFFERED PROVIDER OF QUALITY FINANCIAL SERVIES IN THE COUNTRY WITH PROFITIBILITY AND RESPONSIBILITY AND TO BE THE BEST PLACE TO WORK”.

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HISTORY

MCB founded by ISFANI and ADAM JEE families in Calcutta on July 9, 1947.

After partition of the Indo-Pak subcontinent, the bank moved to Dhaka from where it commenced business in august 1948.

In 1956, the bank transferred its registered office to Karachi, where the head office is presently located.

. In January 1974,MCB was nationalized by Bhutto government, and in June 1974 premier bank limited got merged with MCB.

In April 1991, MCB became Pakistan’s first privatized bank. And The government of Pakistan gave the management of the bank to nationalized group, a group of leading industrialists of the country, known as NISHAT group.

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MCB A FINANCIAL INSTITUTION

MCB has a solid foundation of over 56 years in Pakistan, with a network of over 900 branches, over 750 of which are Automated Branches, over 222 MCB ATMs in 41 cities nationwide and a network of over 12 banks on the MNET ATM Switch, which as a combination is considered to be the core competence of MCB.

MCB has won the “Best Bank in Pakistan” award 4 times continuously and other awards, taking initiative in 2001.

It is one of the leading banks in Pakistan with a deposit base of PKR. 462 billion (approx.) and total assets of PKR 605 billion (approx.).

MCB is one of the largest foreign banks in Sri Lanka, has a strategic foreign partnership with May-bank of Malaysia and a connection with other foreign countries.

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MCB’S BANKING PRODUCTS

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MCB’S BANKING SECTIONS/PORTIONS

THERE ARE MANY SECTIONS/PORTIONS IN WHICH MCB HAS DIVIDED ITS PRODUCTS FOR THE CONVINENCE OF ITS CUSTOMERS, THOSE ARE:

1. PERSONAL BANKING.

2. ISLAMIC BANKING.

3. ONLINE BANKING.etc

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1. PERSONAL BANKING

PRODUCTS OFFER IN MCB’s PERSONAL BANKING SECTION ARE:1. MAHANA KHUSHALI SCHEME2. KHUSHALI BACHAT ACCOUNT3. MCB RUPEE TRAVELLER CHEQUE4. MCB CASH CARD5. MCB PYARA GHAR6. MCB SAVING 3657. HAJJ MUBARIK SCHEME8. CAPITAL GROWTH CERTIFICATE SCHEME9. PAK-RUPEE SAVING AND CURRENT ACCOUNT10. PAK-RUPEE TERM DEPOSIT ACCOUNT11. MCB MASTER CARD12. MCB CAR FOR YOU13. EASY PERSONAL LOANS14. FOREIGN CURRENCY ACCOUNT

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MAHANA KHUSHALI SCHEME

MINIMUM DEPOSIT AMOUNT IS Rs.1000. IT HAS A MATURITY OF 5 YEARS. PROFIT OFFERED WILL BE MINIMUM 1% PER MONTH. THIS SHEME IS OFFERED TO ENOURAGE THE

POPULATION OF PAKISTAN TO SAVE, BY OFFERING LOW DEPOSIT AMOUNTS.

ZAKAT WILL BE DEDUCTED ON YEARLY BASIS. AS PER GOVERNMENT DIRECTIONS, TAX ON THE

PROFIT/ RETURN IS TO BE DEDUCTED BY THE BANK AT THE TIME OF PAYMENT .

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KHUSHALI BACHAT ACCOUNT

MINIMUM DEPOSIT AMOUNT IS 2,500. IT HAS A MATURITY OF 5 YEARS . 8% PROFIT/ RETURN IS OFFERED TO

ACCOUNT HOLDERS. ACCOUNT HOLDERS HAS THE FACILITY TO

PAY UTILITY BILLS THROUGH THEIR ACCOUNT.

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MCB RUPEE TRAVELER CHEQUE

AVAILABLE IN DENOMINATIONS OF Rs. 1000, Rs. 5000, Rs 10,000.

VALIDITY IS 10 YEARS FROM THE DATE OT PURCHASE

EASILY REFUNDABLE, IN CASE OF LOST OR THEFT, FULL MONEY BACK GAURANTEE.

DUE TO SPECIAL PRINTING AND SAFETY PRECAUTIONS, CHEQUES CANNOT BE DUPLICATED

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MCB CASH CARD

CLASSIC CASH CARD IS ISSUED FOR Rs. 5000. SILVER CASH CARD IS ISSUED FOR Rs. 10,000. THE REMAINING AMOUNT IN ACCOUNT OF MCB CASH

CARD IS REFUNDABLE. IF LOST OR STOLEN WILL BE MARKED AS ‘HOT’ ON

THE REQUEST OF OWNER.

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MCB PYARA GHAR

IT FINANCES UPTO Rs.20 MILLION. FINANCING TENURE IS FROM 2-2O YEARS. PROVIDES LOANS TO PURCHASE, RENOVATE OR

CONSTRUCT HOMES. INCOME OR SALARY OF THE PERSON SHOULD BE AT

LEAST 18000. MONTHLY INSTALLMENTS, NOT EXCEEDING 50% OF

THE PERSONS INCOME/SALARY. THE SERVICE IS PROVIDED TO CUSTOMERS AT THEIR

DOOR-STEP.

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MCB SAVING 365

MINIMUM INITIAL AMOUNT IS Rs. 500,000. PROFIT IS CALCULATED ON DAILY BASIS, AND IS

PAID SEMI-ANNUALLY. IF AMOUNT IS BELOW MINIMUM BALANCE, PROFIT

CALCULATION IS IGNORED. HAS NO SUCH MATURITY MENTIONED, A CUSTOMER

CAN SAVE HIS MONEY FOR AS LONG AS HE WANT. ZAKAT IS DEDUCTED ON AT THE RATE OF 2.5%. THERE IS NO RESTRICTION ON THE NUMBER OF

WITHDRAWALS.

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HAJJ MUBARIK SCHEME

MONTHLY DEPOSIT OF Rs.1,200 AND Rs.1,800 IN 3 AND 2 YEARS PROGRAME, RESPECTIVELY.

HAS A DURATION OF 2-3 YEARS. IS OFFERED FOR CONVENIENCE OF PERSONS, WITH

LIMITED INCOME , WHO DESIRES TO PERFORM HAJJ.

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CAPITAL GROWTH CERTIFICATE SCHEME

MINIMUM AMOUNT OF DEPOSIT IS Rs. 10,000. HAS A MATURITY OF 5 YEARS. PROFIT CALCULATED IS 2.7% ANNUALLY. ONE CAN AVAIL A CREDIT FACILITY UPTO 75% OF THE

TOTAL DEPOSITED VALUE.

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PAK RUPEE SAVING ACCOUNT

LOW AVERAGE BALANCE IS REQUIRED.[10,000] PROFIT UPTO 1.7% IS PAID ON ACCOUNT ON A HALF

YEARLY BASIS. CUSTOMERS CAN USE THEIR ACCOUNTS TO PAY

THEIR BILLS 24 HOURS A DAY, 7 DAYS A WEEK . CUSTOMER CAN MAKE CASH FREE TRANSACTIONS

BOTH LOCAL & INTERNATIONAL, AT THOUSANDS OF MERCHANT OUTLETS THROUGH THEIR MCB SMART CARD.

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PAK RUPEE CURRENT ACCOUNT

MINIMUM DEPOSIT BALANCE IS Rs. 10,000. NO PROFIT IS PAID ON CREDIT BALANCES HELD IN

CURRENT ACCOUNTS. CUSTOMER’S ALL DEPOSIT’S AND WITHDRAWAL

FROM A CURRENT ACCOUNT TAKES PLACE ONLY AT THE BRANCH WHERE THE ACCOUNT IS BEING MAINTAINED.

THE ACCOUNT HOLDER CAN DRAW SUMS FROM HIS ACCOUNT BY MEANS OF CHEQUE SUPPLIED TO HIM BY THE BANK.

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PAK RUPEE TERM DEPOSIT ACCOUNT

MINIMUM DEPOSIT AMOUNT IS Rs.20,000. MATURITY DEPENDS ON AVAIL CHOICE OF

CUSTOMER LIKE 3 MONTHS, 6 MONTHS, 1 YEAR, 2 YEAR – 5 YEARS.

PROFIT UPTO 1.6%, 2.1%, 2.8%, 3.2%, 5.6% IS PAID HALF YEARLY.

CUSTOMER CAN AVAIL A CREDIT FAILITY UPTO 75% OF THE TOTAL DEPOSITD VALUE.

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MCB MASTER CARD

AT INTERNATIONAL LEVEL, ITS MEMBER-SHIP FEE IS Rs. 1,000 AND HAS AN ANNUAL FEE OF Rs. 1,500.

FOR DOMESTIC LEVEL MEMBER-SHIP FEE IS Rs. 1,000 AND HAS AN ANNUAL FEE OF Rs. 1,000.

THE CARD HOLDER IS AUTOMATICALLY COVERED FOR Rs.3.5 MILLION FREE TRAVEL INSURANCE.

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MCB CAR FOR YOU FINANCES UPTO Rs. 25 LACs. FINANCING TENURE IS FORM 1-7 YEARS. IT PROVIDES OPTION FOR FIRST YEAR INSURANCE

FINANCING. THERE IS AN OPTION OF EARLY PAYMENT. THERE IS AN OPTION FOR LOCAL AS WELL AS

IMPORTED CARS. PROVIDES OPTION FOR FINANCING OR LEASING. etc MINIMUM 20 % DOWN PAYMENTS .

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EASY PERSONAL LOANS

MCB LENDS ANY AMOUNT FROM Rs.30,000 TO Rs.3,000,000, DEPENDING UPON NET MONTHLY INCOME OF THE PERSON.

CUSTOMER CAN CHOOSE TENURE OF 1 TO 3 YEARS FOR THE REPAYMENT OF THE LOAN.

EQUAL MONTHLY INSTALLMENTS ARE THERE. LOW INTEREST RATES ARE CHARGED. NO GAURANTOR / SECURITY IS REQUIRED.

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FOREIGN CURRENCY ACCOUNTCAN OPEN ACCOUNT IN US DOLLAR, UK POUND

STERLING, OR EURO. ACCOUNT OPENING AMOUNT IS $500, OR

EQUIVALENT. MINIMUM DEPOSIT AMOUNT IS $ 500 . FREE FOREIGN CURRENCY CASH DEPOSIT AND

WITHDRAWAL FACILITY. PROFIT IS PAID INTO ACCOUNT IN EVERY SIX

MONTHS TIME PERIOD. CASH WITHDRAWAL IN PKR IS EQUIVALENT.

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2. ISLAMIC BANKINGDEPOSIT SCHEMES ARE OFFERED IN MCB’s ISLAMIC

BANKING SECTION.

FOR CUSTOMERS WHO ARE LOOKING FOR DEPOSIT OPPORTUNITY WHERE THEY CAN PURSE THEIR FUNDS AND REAP HALAL RETURNS ON THEM, FOLLOWING PRODUTS ARE OFFERED.

1. AL-MAKHRAJ SAVING ACCOUNT

2. AL-MAKHRAJ IANAT ACCOUNT

3. AL-MAKHRAJ TERM DEPOSIT

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AL-MAKHRAJ SAVING ACCOUNT

MINIMUM DEPOSIT AMOUNT IS Rs. 10,000. PROFIT IS PAID HALF YEARLY. ISLAMIC TOOLS ARE USED TO DESIGN THE PRODUCT. PERSONALIZED CHEQUE BOOKS ARE PROVIDED. PRODUCT CAN BE AVAILED BY INDIVIDUALS, JOINT

ACCOUNT HOLDERS, COMPANIES, CORPORATES, TRUSTS etc.

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AL-MAKHRAJ IANAT ACCOUNT

MINIMUM AMOUNT DEPOSITED IS Rs.10,000. PROFIT IS PAID HALF YEARLY. PRODUCT CAN BE AVAILED BY INDIVIDUALS, JOINT

ACCOUNT HOLDERS, COMPANIES, CORPORATES, TRUSTS etc.

PERSONALIZED CHEQUE BOOKS ARE PROVIDED. ISLAMIC TOOLS ARE USED TO DESIGN THE PRODUCT.

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AL-MAKHRAJ TERM DEPOSIT

MINIMUM DEPOSIT AMOUNT IS Rs. 25,000. AVAILABLE TENORS ARE 1, 3, 6 MONTHS AND 1, 2, 3, 5

YEARS. PROFIT PAYMENT OPTIONS ARE ALSO AVAILABLE

LIKE MONTHLY , QUATERLY OR AT MATURITY. ISLAMIC TOOLS ARE USED TO DESIGN THE

PRODUCT. PRODUCT CAN BE AVAILED BY INDIVIDUALS, JOINT

ACCOUNT HOLDERS, COMPANIES, CORPORATES, TRUSTS etc.

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3. ONLINE BANKING

PRODUCTS/SERVICES OFFERED IN MCB’s ONLINE BANKING SECTION ARE:

1. MCB MOBILE BANKING.

2. MCB SMART CARD.etc

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MOBILE BANLING

WITH MCB MOBILE BANKING YOU CAN ACCESS YOUR ACCOUNT THROUGH YOUR ‘GPRS’ ENABLED MOBILE PHONE AND CAN PERFORM IMPORTANT ACTIONS. LIKE,

UTILITY BILL PAYMENT. MOBILE POST PAID BILL PAYMENT. CAN PURCHASE MOBILE PREPAID VOUCHERS. CAN ACCESS ACCOUNT BALANCE INFORMATION,

AND CAN MAINTAIN OTHER ACCOUNT SETTINGs.

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MCB SMART CARD

PURCHASING LIMIT OF CLASSIC GOLD ON LOCAL LEVEL IS 50,000.

WITHDRAWEL LIMIT OF CLASSIC GOLD ON LOCAL LEVEL IS 10,000.

PURCHASING LIMIT OF CLASSIC GOLD ON INTERNATIONAL LEVEL IS 100,000.

WITHDRAWEL LIMIT OF CLASSIC GOLD ON INTERNATIONAL LEVEL IS 10,000.

INTEREST CALCULATED ON PERSONS DAY TO DAY CREDIT CARD TRANSACTIONS.

IT CAN BE USED FOR BILL PAYMENT, FUNDS TRANSFER, PURCHASING PURPOSE AND ALSO FOR INTERNET BANKING.ETC

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CONCLUSION

THE PRODUTS THAT MCB HAS OFFERED FOR THE CONVINENCE OF ITS CUSTOMERS, ARE SO FAVOURED BY THE CUSTOMERS THAT MCB BECAME ONE OF THE TOP 5 BANKS IN PAKISTAN.

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QUESTIONS

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