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    Pakassignment - Blogs: Send Your Assignments and Projects To Be Displayed Here As Sample For Others at

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    Pakassignment
    This document compares the basic banking accounts, current accounts, and savings accounts offered by MCB Bank and HBL Bank in Pakistan. It provides details on the minimum balance requirements, profit rates, transaction limits, and other key features of 10 account types between the two banks. The accounts included are MCB's basic banking account, current account, savings account, and savings 365 gold alongside HBL's basic banking account, current account, PLS savings account.

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    Pakassignment - Blogs: Send Your Assignments and Projects To Be Displayed Here As Sample For Others at

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    This document compares the basic banking accounts, current accounts, and savings accounts offered by MCB Bank and HBL Bank in Pakistan. It provides details on the minimum balance requirements, profit rates, transaction limits, and other key features of 10 account types between the two banks. The accounts included are MCB's basic banking account, current account, savings account, and savings 365 gold alongside HBL's basic banking account, current account, PLS savings account.

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    MCb Vs HbL

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    This document compares the basic banking accounts, current accounts, and savings accounts offered by MCB Bank and HBL Bank in Pakistan. It provides details on the minimum balance requirements, profit rates, transaction limits, and other key features of 10 account types between the two banks. The accounts included are MCB's basic banking account, current account, savings account, and savings 365 gold alongside HBL's basic banking account, current account, PLS savings account.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
    Download as pptx, pdf, or txt
    528 views38 pages

    Pakassignment - Blogs: Send Your Assignments and Projects To Be Displayed Here As Sample For Others at

    Uploaded by

    Pakassignment
    This document compares the basic banking accounts, current accounts, and savings accounts offered by MCB Bank and HBL Bank in Pakistan. It provides details on the minimum balance requirements, profit rates, transaction limits, and other key features of 10 account types between the two banks. The accounts included are MCB's basic banking account, current account, savings account, and savings 365 gold alongside HBL's basic banking account, current account, PLS savings account.

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    of 38

    PAKASSIGNMENT.

    BLOGS
    POT.COM
    Send your assignments and projects to be
    displayed here as sample for others at

    [email protected]
    GROUP MEMBERS
    MUBASHER NAZIR M06BBA014

    UZAIR BIN TARIQ M06BBA017

    MUHAMMA D ALI M06BBA022

    USMAN JAVAID M06BBA050

    QASIM MUKHATAR M06BBA069


    vs
    MCB BANK
    ABOUT  MCB
    ACCOUNTS OF MCB BANK
    1.BASIC BANKING ACCOUNT
    2.CURRENT ACCOUNT
    3.SAVINGS ACCOUNT
    4.FOREIGN CURRENCY ACCOUNT
    5.SMART DOLLAR ACCOUNT
    6.SAVINGS 365 GOLD
    7.SPECIAL RUPEE TERM
    8.BUSINESS ACCOUNT
    9.SAVINGS XTRA
    10.CURRENT LIFE ACCOUNT
    1.BASIC BANKING ACCOUNT

    It’s as simple as ABC to start banking with MCB.

    Open a Basic Banking Account with as little as Rs.1000/- only


    No minimum balance maintenance requirement
    No monthly account maintenance charges
    Two free deposits per month (including cash and clearing)
    Two free withdrawals per month (including cash and clearing)
    Unlimited free withdrawal transactions through MCB's ATMs
    Unlimited transactions through Virtual Banking
    Use your MCB SmartCard to shop at thousands of merchant
    outlets across Pakistan
    CURRENT ACCOUNT

    Low minimum balance requirements.


    Unlimited cash deposit and withdrawal facility at hundreds
    of branches nationwide.
    Use your MCB Smart Card to shop at thousands of
    merchants across Pakistan.
    SAVINGS ACCOUNT

    Low monthly average balance requirements.


    Profit paid into your account every six months.
    Unlimited cash deposit and withdrawal facility at
    hundreds of branches nationwide.
    Use your MCB SmartCard to shop at thousands of
    merchants across Pakistan.
    Locker facility at economical rates.
    FOREIGN CURRENCY ACCOUNT
    Open your account in US Dollar, UK Pound Sterling, or Euro.
    Open for as little as US$ 500 or equivalent.
    Unlimited transactions at your branch.
    Free Foreign Currency cash deposit and withdrawal facility.
    Rate of Return directly linked with international market.
    Profit paid into your account every six months.
    Foreign Remittances facility available.
    Countrywide network of Foreign Currency Branches.
    Cash withdrawal in PKR equivalent.
    SMART DOLLAR ACCOUNT
    USD Current, Savings and Term Deposit accounts.
    Competitive profit rates.
    Attractive incentives being offered, if you maintain the minimum
    amount of USD 10,000/- or above.
    Free & Limited Service Charges:
    Free Lockers (subject to availability).
    Pak Rupee Account: without minimum balance requirement.
    Free collection for crediting Foreign Currency Account.
    Free Standing Instructions for Current Account.
    Free Bank Statements.
    Discount (up to 50%) on processing of Personal Loans.
    SAVINGS 365 GOLD
    The higher your balance, the higher your rate.
    Profit calculated on daily basis.
    Profit paid into your account every month.
    Open your account with Rs. 500,000/- only.
    Cash deposit and withdrawal facility at hundreds of
    branches nationwide.
    SPECIAL RUPEE TERM

    Highly attractive profit rates.


    Multiple tenors from one month onwards.
    Option of premature encashment.
    Option for ATM debit card to access profit earned.
    Option for automatic renewal of term deposits.
    BUSINESS ACCOUNT
    Higher the balance, the higher the number of free transactions.*
    Open a Business Account with Rs.50,000 only.
    Unlimited free cash deposit and withdrawal facility at hundreds of
    branches nationwide.

    FREE SERVICES
    When you maintain average monthly balance of Rs.100,000 or above
    Demand Drafts/Pay Orders.
    Cancellation for Demand Drafts/Pay Orders.
    Cheque Book.
    International ATM Gold Card.
    SAVINGS XTRA

    The higher your balance, the higher your profit.


    Now avail attractive rates up to 8.5%.*
    Profit calculated on monthly basis.
    Profit paid into your account semi-annually.
    No joining fee on Debit/ ATM Card.
    50% Discount on Lockers.
    Cash deposit and withdrawal facility at hundreds of branches
    nationwide.
    Unlimited number of ATM withdrawal transactions.
    3 Free withdrawal transactions through the branch every month.
    CURRENT LIFE ACCOUNT
    Open a Current Life Account with just Rs.1,000.
    Free comprehensive life insurance coverage.*
    No joining fees on Debit/ATM Card.
    50% discount of Debit Card Annual Fee at the time of
    renewal.
    Low monthly average balance requirement.
    Unlimited free cash deposits/withdrawals across
    hundreds of branches
    HBL
    BRIEF INTRODUCTION
    ACCOUNTS
    1.Term accounts

    2.Current account

    3.Saving accounts

    4.Foreign currency account


    TERM ACCOUNTS

    Invest your savings in our term deposits for a fixed


    duration and earn profit while keeping your savings
    secure
    TYPES OF TERM ACCOUNTS
    HBL Advantage Account
     
    Multiple options for tenure and profit payout

    Loan facility up to 90% of investment

    Minimum investment of Rs. 25,000

    Withdrawal at end of fixed term


    Investment Plus Deposit

    Account for Institutions

    Multiple options for tenure and profit payout

    Profit paid at maturity

    Minimum investment of Rs. 20 million

    Withdrawal at end of fixed term


    CURRENT ACCOUNTS
    Make unlimited transactions while maintaining a low
    minimum balance every month.
    HBL Freedom Account

    On a monthly balance of Rs. 25,000 or more, avail a host of free


    services including:

    Free cash withdrawal & deposit transactions through any HBL


    branch
    Free online funds transfer transactions
    Free Banker’s Cheques
     Free HBL cheque deposit transactions at any HBL branch
    Free cheque books
    Free debit card issuance (for individuals and sole
    proprietors)
    Free SMS alerts* on transactions above PKR 25,000/-
    (for individuals and sole proprietors) upon activation
    via HBL Phonebanking.
    HBL Business Value Account
    Up to 5.35% profit per annum
    Profit calculated daily, paid every quarter
    No minimum balance requirement
    Nominal monthly maintenance charge of Rs. 50
    HBL DebitCard and IBTS facilities
    Up to 10 Bankers Cheques free (at minimum
    balance of Rs. 500,000)
    Funds transfer to any bank through HBL Phone
    Current Account

    Minimum balance of Rs. 5,000


    Unlimited transactions
    Non-profit bearing
    HBL DebitCard and IBTS facilities
    Funds transfer to any bank through HBL PhoneBanking
    Basic Banking Account

    Can be opened with only Rs. 1,000


    No minimum balance requirement
    Up to 2 withdrawal and 2 deposit transactions free
    every month
    Unlimited withdrawals through HBL DebitCard
    Non-profit bearing
    Saving Accounts

    Avail the flexibility of making transactions while


    earning profit on daily/monthly basis.
    TYPES OF SAVING ACCOUNTS

    1.HBL Value Account


    2.PLS – Savings Account
    3.Remittance Munafa Plus Savings Account
    4.Daily Munafa Account
    5.Daily Progressive Account
    HBL Value Account

    7.19% profit per annum


    Profit calculated monthly, paid every quarter
    Deposit ranges from Rs. 10,000 to Rs. 1,000,000
    Two withdrawals free every month
     
    2.PLS – Savings Account

    5.06% profit per annum


    Profit paid bi-annually
    HBL Debit Card and IBTS facilities
    Funds transfer to any bank through HBL Phone
    Banking
    Minimum balance of Rs. 20,000
    Unlimited transactions
    Remittance Munafa Plus Savings Account

    Special account for receiving foreign remittances


    5.12% profit per annum
    Profit paid every month
    Minimum balance of Rs. 20,000
    Daily Munafa Account
     
    Profit calculated daily, paid every month
    Up to 8.84% profit per annum
    HBL DebitCard and Inter Branch Transaction System
    (IBTS) facilities
    Funds transfer to any bank through HBL
    PhoneBanking
    Minimum balance of Rs. 20,000
    Daily Progressive Account

    Unique transactional account for Institutions


    Profit calculated daily, paid every month
    Inter Branch Transaction System (IBTS) facility
    Funds transfer to any bank through HBL PhoneBanking
    Minimum balance of Rs. 20,000
    Up to 11.57% profit per annum
    Foreign currency account
    HBL offers Foreign Currency Accounts in multiple
    currencies as savings and term accoutns.
    HIGH YIELD FOREIGN CURRENCY FIXED DEPOSIT

    Available in 1 month, 2 month, 3 month, 6 month and 12


    Month in USD, EUR and GBP
    Tiered product, with rates depending on choice of
    currency and term
    Profit paid on maturity only. No interim interest is
    payable.
    COMPARISON
    MCB HBL
    BBA BBA BBA
    CURRENT A/C CURRENT A/C CURRENT A/C
    SAVING A/C SAVING 365 GOLD PLS SAVING

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