1st july 2017 to 31st december 2017 - mcb bank limited · iii) inter-city clearing return a) inward...

1st July 2017 to 31st December 2017

NOTICE:

We are pleased to inform you that effective close of business on July 7, 2017 NIB Bank Ltd. stands merged with and into MCB Bank Ltd. Until further notice, no changes will be made to your banking account & services and all charges shall remain the same.

Over the next few months, we shall be integrating your banking account(s)/facilities to MCB and shall inform you well in advance of any changes. With this integration, you will enjoy a wider array of banking services through a much larger branch network and digital channels. Your experience and satisfaction is and will continue to be our number one priority.

If you have any questions or concerns, please call 021-111-642-111 or visit your branch or visit www.mcb.com.pk.

I. RETAIL/GENERAL BRANCH BANKING 1

A. Current/PLS Saving Accounts 1

1. Outward Remittance 1

2. Inward Remittance 2

3. Clearing 2

4. Cheque Purchase & Collection 2

5. Hold Mail 3

6. Postal/Courier/SWIFT Charges 3

7. Others 3

B. Basic Banking Account (BBA) 4

C. NIB Committee 4

D. Cash Management 4

E. NIB Connect 4

F. ATM Card 4

G. Debit Card 5

H. Lounge Key 5

I. ATM Transaction Services 5

J. Kiosk Transaction Services 5

K. Phone Banking 5

L. DirectPay 6

M. Online Transactions 6

N. NIB Sahulat 6

O. e-Alerts 6

P. Lockers 6

Q. e-Banking 6

R. Transaction Charges (Master Card) 7

S. Sale and Purchase of Securities 7

T. Sale Purchase of GoP Securities - Treasury Bills / PIB / Ijarah Sukkuk 8

U. Opening of IPS account & movement of GOP securities 8

II. WAIVERS FOR ACCOUNTS 9 A. NIB Current Account 9 B. NIB Current Account Plus 10 C. NIB Saudagar Account 11 D. NIB Asaan Current Account 12

III. Exclusive Banking 13 A. LCY Current Accounts 13 B. LCY Saving Accounts 13 C. FCY Current Accounts 13 D.FCY Saving Accounts 13 E. Employee Banking 14

Table of Contents

ENIB Connect

A. Current/PLS Saving Account1. Outward Remittance

i) Pay order

Savings (A/c)

Current (A/c)

NIB Current (A/c)

Rs. 200/-

(Avg Bal<50k) Rs.200/- (Avg Bal>=50k) Free

(Avg Bal<25k) Rs.200/- (Avg Bal>=25k) Freeu

ii) Demand draft, M.T, T.T (LCY)

a) For issuance Up to Rs. 100,000/-

b) For issuance above Rs. 100,000/-

0.25% or Minimum Rs. 200/-

0.10% or Minimum Rs. 250/-

iii) Cancellation of Pay order

Savings (A/c)

Current (A/c)

NIB Current (A/c)

Rs. 500/-

(Avg Bal<50k) Rs.500/- (Avg Bal>=50k) Rs.100/-

(Avg Bal<25k) Rs.500/- (Avg Bal>=25k) Rs.100/-

iv) Cancellation of Demand Draft (LCY) Rs. 500/-

ix) Issuance of duplicate Pay orders/ Demand Draft (LCY)

*Correspondent bank's charges for stop payment will be charged at actual.

Rs. 300/- per instrument

xi) Demand draft (LCY) drawn on correspondence bank (including HBL/MCB) a) For issuance 0.25% or Minimum Rs. 350/-

x) Issuance of duplicate Demand Draft (FCY)* US$ 15/- or equivalent for instrument of other currencies

vi) a) Demand Draft (FCY)

b) Demand Draft (FCY) for Foreign Exchange companies.

US$ 15/- or equivalent in other currencies plus SWIFT charges & Foreign Bank Charges at actual to be recovered from the remitter.

0.3% will be applicable if the foreign currency Account is funded with cash for onward remittance within last 15 days

Commission @ 0.25% per US$ 1,000 Or part thereof, Min. US$ 10 & Max. US$ 100 plus SWIFT charges & Foreign Bank Charges at actual to be recovered from the remitter or as per arrangement

vii) Cancellation of Demand Draft (FCY) US$ 25/- or equivalent in other currencies Including swift charges & Foreign Bank charges at actual be recovered from the remitter.

viii)Stop payment of FDD/FTT US$ 15 or equivalent for instrument of other currencies plus correspondent bank's charges for stop payment will be charged at actual

v) a) Telegraphic/SWIFT Transfer (FCY)

b) If charges code OUR

c) If charges code OUR (In other than US$)

d) Telegraphic/SWIFT transfer for Foreign Exchange Companies

US$ 25/- or equivalent in other currencies plus SWIFT charges.

0.3% will be applicable if the foreign currency Account is funded with cash for onward remittance within last 15 days

US$ 25/- or equivalent in other currencies plus SWIFT charges & Foreign Bank charges at actual to be recovered from the remitter

US$ 25/- or equivalent in other currencies plus SWIFT charges & Foreign Bank charges at actual to be recovered from the remitter

Commission @ 0.25% per US $ 1,000 or part thereof, Min. US $ 25 & Max. US$ 100 plus SWIFT Charges or as per arrangement.

b) For cancellation

c) For duplicate issuance

2. Inward Remittance

Rs. 550/- per instrument.

Rs. 550/- per instrument.

ii) Home Remittance through PRI Free

iv) Swift Refund/ Cancellation

3. Clearing

US$ 30 or equivalent

v) Same Day Clearing/Special Clearing Rs. 500/- per cheque

US$ 15/- (including Postal Charges)

vi) Local collection cheque returned unpaid (LCY/FCY) Rs. 350/- plus correspondent bank charges

ii) Foreign currency cheque retumed unpaid Rs. 1,500/- plus Correspondent Bank Charges.

iv) Inter-City if treated by NIFT as Local Clearing

4. Cheque Purchase & Collection

Free

i) a) If the proceeds are credited to an account (FCY) with any of our branches Free

xii) For walk-in customers issuance against cash (subject to conducting proper KYC)

Rs. 3,000/- in addition to the above mentioned charges.

iii) Service charges on ALL payment of inward Foreign Remittance/Swift transfer received in Foreign Currency with charges code SHA/BEN/OUR and cover through our various nostro accounts. These charges are to be recovered only when TT buying rate is required. (Applicable to both beneficiary accounts maintained with NIB and other banks)

NIB customer: up to 0.15%, minimum US$5/- & maximum US$20/- (Equal Rupee), Other bank customer up to 0.15%, minimum US$10/-, maximum US$25/- (Equal Rupee)

i) Charges on cheques presented for normal/online clearing but returned unpaid

a) Inward

b) Outward

Up to Rs. 500/-

NILFree if returned unpaid for technical reasons.

ii) Inter-City Clearing

Up to Rs. 500/- per cheque(No other charges applicable e.g. OBC etc.).

iii) Inter-City Clearing Return a) Inward

b) Outward

Up to Rs. 500/-

NILFree if returned unpaid for technical reasons.

vi) Same Day Clearing Returned (Inward / Outward)

Rs. 500/- per chequeFree if returned unpaid for technical reasons.

vii) USD Clearing/return through NIFT (Inward / Outward)

Up to Rs. 375/- per chequeFree if returned unpaid for technical reasons.

i) Foreign currency cheque sent for collection

0.20%, Up to minimum US$ 15 plus courier charges.For cheques sent through cash letter arrangement domestic postal charges would apply.

iii) Purchase of FCY Bank Draft/cheques for credit in PKR (subject to credit approval)

iv) FCY Cheques/Drafts sent for local collection

Inward collections received relating to F.C A/C where payment is demanded in Foreign Currency outside

0.50%, Up to minimum Rs. 1,200/-plus Courier Charges.

charges: US$10 for per item collection upto US$1000/-, US$20 for per item above US$1000/- Plus Swift charges

v) OBC/IBC (LCY) a) Clean (including cheques) b) Through branches of our bank

Rs. 350/- plus Courier Charges Rs. 150/- plus Courier Charges

(FCY)

1020

v) 1. Account Maintenance Service Charges (LCY) 1,2,3,5

a) Current Accountwith minimum monthly average balance below Rs. 50,000/-b) NIB Current Accountwith minimum monthly average balance Rs. 25,000/u

c) NIB Monthly Munafa Accountwith minimum monthly average balance below Rs. 50,000/-d) NIB Munafa Plus Accountwith minimum monthly average balance Rs. 50,000/-e) NIB Smart Savers Accountwith minimum monthly average balance Rs.5,000/-f) NIB Senior Citizens Accountwith minimum monthly average balance below Rs. 50,000/-(g) NIB Asaan Savings Account (h) NIB Asaan Current Account 2. Account Maintenance Service Charges (FCY) 3,4

NOTE:1) Charges are inclusive of F.E.D. for LCY Accounts2) Applicable on all accounts except BBA, PLS Savings

account & NIB Special account (Vulnerable Persons)3) Minimum balance deduction will not apply in calendar

month in which account is opened4) Exclusive of F.E.D. for FCY Accounts5) Salaam Loan customer, NIB Loan customers and

PAYSYS customers will be exempted from these charges

5. Hold Mail

7. Others

6. Postal/Courier/SWIFT ChargesRs. 3,700/- per annum (in advance)

i) Correspondent Charges, if any At actual

i) Issuance of Loose Cheque Rs. 1,000/- per cheque

Service charges on LCY and FCY Current/Saving A/Cs where minimum monthly average balance is below required threshold.

Service Charges/month Monthly Average Balance

US$ 5 EURO 5GBP 3

US$ 1,000EURO 1,000GBP 500

iv) Account closure charges NIL

vi) Cheque book Charges (Savings A/c)

vii) Cheque book Charges Current Accounts NIB Current Account

Rs. 10/- per leaf

Avg Monthly Balance (PKR) Charges

ChargesAvg Monthly Balance (PKR)Less than 25,000/- 25,000/- to less than 50,000/- Greater than or equal to 50,000/-

Rs. 10/- per leaf Rs. 7/- per leaf Free

Less than 25,000/u

25,000/- or aboveu Rs. 10/- per leaf u

Freeu

ii) Postage a) Within City b) Outside City c) Outside Pakistan

Rs. 16/- Rs. 38/-At actual

iii) Swift a) Within Pakistan b) Outside Pakistan

Rs. 350/- Rs. 550/-

iv) Fax a) Within city b) Within Pakistan c) Outside Pakistan

Rs. 100/- per page Rs. 175/- per page Rs. 350/- per page

ii) a) Standing Instructions Fee (LCY)

b) Standing Instructions Fee (FCY)

Rs. 275/- per transaction in addition to other connected charges, if anyUS$ 5 or equivalent in other currencies per instruction plus actual remittance charges as applicable

iii) a) Stop Payment of cheque/cheque book (Not used/ partially used) (LCY)

b) Stop Payment of cheque/cheque book (Not used/ partially used) (FCY)

Rs. 350/- per cheque max. Rs. 1,500/-

US$ 5 or equivalent in other currencies per leaf with max. of US$ 30 for each instruction.

v) Courier Services a) Within City b) Outside City c) Outside Pakistan

Rs. 16/- Rs. 38/-At actual

Rs. 50/- per month

Rs. 50/- per monthRs. 50/- per month

Rs. 50/- per month

Rs. 50/- per month

Rs. 50/- per month

NILNIL (h

viii) Duplicate Advice Rs. 75/- per copy

B. Basic Banking Account (BBA)4

C. NIB Committee

D. Cash Management Services

F. ATM Card

E

F

E. NIB Connect NIB Connect

NIB Connect

x) Request for old record documents Rs. 500/- per requestu

xi) Processing of Form "M" approval cases with SBP Rs. 750/- per case

xiv) Test Verification Charges Rs. 300/- per certificate/ per message

Free

Early Encashment Charges

1. ATM Card Issuance Fee

2. ATM Card Annual Fee

3. ATM Card Reissuance in case of lost, stolen or damaged

4. Temporary Blocking (Warm Marking)

Free

Rs. 250/-

Free

Free

3% penalty applicable if encashed any time prior to the payment of initial 7 monthly contributions.

i) Debit Transactions

ii) Credit Transactions

Iii) Cheque book charges

iv) Ledger fees

v) Initial deposit requirement

xv) Collection of Dividend warrant received directly from CDC office for credit to an account being maintained with us.

Rs. 75/- per dividend warrant

xvi)Transfer from client's collection account maintained in one branch to main account of the same party with other branch.

xvii) RTGS3 transaction charges on fund transfers for 3rd party payments.2 (MT103) Monday to Friday

9:00AM to 2:00PM 2:00PM to 3:30PM 3:30PM to 4:00PM

Rs. 220/- Rs. 330/- Rs. 550/-

xviii) RTGS transaction charges on fund transfers for 3rd party payments (MT102) Monday to Friday

9:00AM to 4:00PM

Note:* Transactions performed through ATM/Phone Banking/Internet Banking shall not count towards this limit. Standard charges for these services will be levied.** Rs. 125/- per transaction for all subsequent over the counter transactions during the month.

All fee/charges for cash management products (Collection, Disbursement, Payment and Electronic Banking) will be decided on case to case basis through an arrangement between the customer and NIB Bank, with the exception of NIB Current Account customers eligible for discounts stated in Section II-A on Pg.9

All fee/charges for NIB Connect services will be decided through an arrangement between the customer and NIB Bank.

Rs. 50/-

xii) Confirmation of Balances to Auditors Rs. 550/- flat

xiii) a) Issuance of other Certificate on customer request (any type) b) Issuance of tax Certificate

Rs. 350/- flat

Free

ix) Duplicate Statement of account/additional statement of account (over and above two periodical statements (LCY/FCY))

Free

Two free* over the counter transactions (through cash/clearing/transfer) per month**.

Two free* over the counter transactions (through cash/clearing/transfer) per month**.

Rs. 7/- per leaf

Free

Minimum Rs. 1000/-

1. Switch transaction charges

a) Financial Transactions (1 LINK & M-Net)b) Non-Financial Transactions (M-Net only)

2. Local charge back (cash dispute)

3. Cash Withdrawal

4. Balance Enquiry

5. Mini-Statement

6. Funds transfer (within NIB Bank)

7. Interbank funds transfer (IBFT)

8. Utility Bill Payments

9. Mobile Bill Payments

10. Mobile Top-ups

11. Prepaid Vouchers

Rs. 15/-Rs. 5/-

Free

Free

Free

Rs. 5/-

Free

Flat rate of Rs. 60 per transaction

Free

Free

Free

Free

H. LoungeKey

G. Debit Card

I. ATM Transaction Services

K. Phone Banking

J. Kiosk Transaction Services1. Cash Deposit

2. Cheque Deposit

3. Duplicate Account Statement

4. Balance Enquiry

5. Mini-Statement




9. Mobile Bill Payments

10. Mobile Top-ups

11. Prepaid Vouchers

Free

Free

Free

Free

Rs. 5/-

Free


Free

Free

Free

Free

1. ATM Card activation, deactivation and PIN generation

2. IVR registration and PIN generation

3. Loan Enquiry

4. Balance Enquiry

5. Last 10 transactions Enquiry




Free

Free

Free

Free

Free

Free


Free

Type of Card

Classic

Gold

Platinum

Annual Fee

Per Visit Fee

Free for World Card holders

Free for World Card holders Up to USD 30 for guests

Free

Free

Free

Rs. 550/-

Rs. 750/-

Rs. 1,000/-

Rs. 550/-

Rs. 550/-

Rs. 550/-

Rs. 350/-

Rs. 350/-

Rs. 350/- 1,000/-

Issuance Fee

Basic Supplementary

Annual Fee Replacement Fee

9. Mobile Bill Payments Free

10. Mobile Top-ups Free

11. Prepaid Vouchers Free

1. Subscription, activation and deactivation Free

2. Direct Pay, Transaction Email Alert Free

3. Direct Pay, Transaction SMS Alert Free

4. Direct Pay, Transaction Charges As Per the charges defined for the particular channel

i) Online Cash Deposits. Charges to be recovered from the depositor 0.10%, Min. Rs. 250/-

ii) Online Cash Withdrawals. Charges to be recovered from the beneficiary 0.20%, Min. Rs. 300/-

i) e-Statements Free

ii) SMS Alerts Rs. 50/- per month (For Individual customers) Rs. 200/- per month (For company accounts)

iii) Pull SMS Alert (per request) Free

i) Security deposit (Refundable)

a) Large Rs. 5,000/- b) Medium Rs. 4,000/- c) Small Rs. 2,500/-

ii) Annual rent

a) Large Rs. 5,000/- b) Medium Rs. 4,000/-c) Small Rs. 2,500/-

iii) Locker breakage charges Rs. 5,500/- or actual.

iv) Locker Late Payment Charges 10% of the applicable annual locker rent with grace period of 30 days from the due date.

1. User registration Free

2. Account Summary & last 10 transactions Free

3. Full Account Statement Free4. ATM card activation, deactivation & Free PIN generation5. Beneficiary registration Free

6. Funds transfer (within NIB Bank) Free

7. Interbank funds transfer (IBFT) Flat rate of Rs. 60 per transaction

8. Utility bill payment Free

9. Mobile bill payments Free

i) Monthly subscription charge Fees/Charges to be negotiated on case per location to case basisii) Charges per transaction Fees/Charges to be negotiated on case to case basis

L. DirectPay

M. Online Transactions

N. NIB Sahulat

O. e-Alerts

P. Lockers5

Q. e-Banking (Access via PC, Mobile or any other devices)

10. Mobile top-ups Free

11. Pre paid vouchers Free

12. Standing Instructions setup Free

i) Cash withdrawal on international 3% of withdrawal amount or Minimum Transaction Rs. 300/- whichever is higher

ii) Arbitration Charges USD 500

iii) Voucher Retrieval Fee

a) Local Transaction Rs. 350

b) International Transaction Rs. 500

iv) POS transaction fee on international 3% of withdrawl amount or Minimum transaction Rs. 300/- whichever is higher

v) Balance inquiry - International transaction Rs. 100 per inquiry

vi) E-Commerce transaction fee on 3% of withdrawl amount or Minimum International merchants/websites/Airlines Rs. 300/- whichever is higher

vii) Home Remittance through MasterCard 0.5% of the received amount or min PKR MoneySend 200 whichever is higher

viii) Foreign Transaction Spend Up to 5% over prevailing Mkt rate or a per State Bank of Pakistan directive. Third party transaction will be first converted into USD as per rate quoted under arrangement with Visa/Master card. Cross border transaction fee will also be charge as per Visa/Master Card rules

i) Sale and purchase of Shares Up to 0.20% on the first Rs. 10,000/- and Securities *(Excluding of purchase price or cost thereof minimum Up to Treasury Bill, PIB and Ijara Rs. 150/- & Up to 0.625% on amounts exceeding Sukkuk) Rs. 10,000/-

ii) Withdrawal fee on shares and Up to 0.50% on Up to Rs. 10,000/- of the paid up securities held in safe custody (to or face value minimum Rs. 125/- Up to 0.20% on be recovered at the time of amount exceeding Rs. 10,000/- withdrawal)iii) Withdrawal fee on Government Up to Rs. 10 per script Securities where shares and/or securities sold are from those held in safe custody, either commission on sale of shares and securities as shown against item (i) or withdrawal fee as shown against item (ii) and (iii) whichever is higher, will be charged, but not bothiv) Charges for collection of interest Up to 0.30% on the amount of interest return/ return and dividend. dividend collected/paid including Khaas Deposit Certificate. Minimum Up to Rs. 100/-

v) Handling Charges for conversion, Up to Rs. 10/- per script renewal, consolidation or sub- division of Government Securities.

R. Transaction Charges (Visa/Master Card)

S. Sale and Purchase of Securities

i) Opening of IPS account for Free GOP securities PIB / T-Bill etc.

ii) Maintenance of IPS Account Free

iii) Movement of securities Free (issuance of SGL etc.)

iv) Collection of coupon from SBP Free

v) Issuance of statement of IPS Free account / Balance confirmation certificate

Notes:

1-a) Commission is not to be recovered on purchase of newly floated securities, where it is payable by the Government/Government Agencies and from the subscribers to new share floatation.

1-b) When orders for purchase or sale of shares/securities are executed through the Bank's other offices, all incidental expenses such as postage, Insurance charges, etc. incurred will be recovered in addition to the commission/brokerage charges.

T. Sale Purchase of GoP Securities - Treasury Bills / PIB / Ijarah Sukkuk

U. Opening of IPS account & movement of GOP securities

i) Sale Purchase from SBP Auction Free of Charge Via Non-Competitive Bid

ii) Purchase from SBP Auction Free of Charge iii) Purchase / Sale from Secondary Market Free of Charge

A. NIB Current Account

Features / Tiers1 <25,000 (Core)

25,000-500,000 (Silver)

500,001-2,000,000 (Gold)

>=2,000,000 (Platinum)

Debit Card Issuance2

Normal Outward ReturnIntercity Clearing (Outward)3

Cheque Book chargesPay Order Issuances4

SMS AlertsOnline Cash DepositsOnline Cash WithdrawalsSame Day Clearing (Outward)5

e-Banking6

e-Statements

24/7 Phone BankingUtility Bill Payments

Direct Pay Mobile VoucherStanding Instructions Set-UpStanding Instructions Fee

ATM Transaction Services

Salary Disbursement (Paysys)7

Cash Collection from Premises7

School Fee Collection7

Co-branded deposit slips (Large Cash Collections) 7

Processing Fee on Cash Secured Personal Loans8

FreeFree

Charged as per SOCCharged as per SOCCharged as per SOC

Charged as per SOCCharged as per SOCCharged as per SOCCharged as per SOC

FreeFree

FreeFree

FreeFree

Charged as per SOC

Free except IBFT, mini-statement, llink,

M-net chargesNegotiated on case-to-case

basisNegotiated on case-to-case



basisCharged as

per SOC

FreeFreeFreeFreeFreeFree

FreeFree

Charged as per SOC

FreeFree

FreeFree

FreeFreeFree


M-net charges

Rs. 75/- trx

Rs. 400/- trx

Rs. 50/- trx

0.15% of throughputCharged as

per SOC


FreeFree

Charged as per SOC

FreeFree

FreeFree

FreeFreeFree


M-net charge

Rs. 50/- trx

Rs. 300/- trx

Rs. 30/- trx

0.10% of throughputCharged as

per SOC


FreeFreeFree

FreeFree

FreeFree

FreeFreeFree


M-net chargesNegotiated on case-to-case




basisFree

1. The charges are on individual account basis and may vary on group / relationship basis. The balance requirement mentioned to qualify for waiver is previous month's average

balance. For new to Bank customers, all new to Bank customers will fall under 'Silver Category'

(25,000-500,000) for broken days (after account opening) and the month after account opening.

For the below Rs.25,000 (core) category, all services to be charged as per SOC.

2. Debit Card only to be issued to Individuals and Sole Proprietors. Free issuance only. Annual/Renewal fee to be charged as per SOC.

Greater than Rs. 2,000,000/- (Platinum) category shall be eligible for free (issuance) platinum debit card subject to customer's request

3. Intercity Clearing Return (outward) is free. Intercity Clearing (inward) is free. Intercity Clearing Return (inward) to be charged as per SOC.

4. Duplicate Pay Order issuance is free. Cancellation of Pay Order to be charged as per SOC.

5. Same Day Clearing Return (outward) is free. Same Day Clearing (inward) is free. Same Day Clearing Return (inward) to be charged as per SOC.

6. Free registration and viewing. IBFT and other charged services applicable as per SOC.

7. Cash Management services are restricted to non-individual accounts only.

8. Eligibility to avail discounts on Cash Secured Finance will begin after 1 month from date of account opening

For New to Bank customers, eligibility to avail discounts on Cash Secured Finance will begin after "broken period PLUS 1 month" from date of account opening

All credit policies will apply based on customer segments.

The bank reserves the right to refuse any lending based on underwriting standards.

5

Monthly Average Balance (PKR)1

B. NIB Current Account Plus

Features / Tiers1 <50,000

Monthly Average Balance (PKR)

>=50,000Debit Card Issuance2

Normal Outward Return

Intercity Clearing (Outward)3

Cheque Book charges

Pay Order Issuance

Online Cash Deposits

Online Cash Withdrawals

e-Banking4

e-Statements

24/7 Phone Banking

Utility Bill Payments

Direct Pay Mobile Voucher

Standing Instructions Set-Up


1. The charges are on individual account basis and may vary on group / relationship basis.

The balance requirement mentioned to qualify for waiver is previous month's average balance. For the below Rs. 50,000/- category, all services to be charged as per SOC.

2. Debit Card only to be issued to Individuals and Sole Proprietors. Free issuance only. Annual/Renewal fee to be charged as per SOC.



Free

Free

Charged as per SOC

Charged as per SOC

Charged as per SOC

Charged as per SOC

Charged as per SOC

Free

Free

Free

Free

Free

FreeFree except IBFT, mini-statement,

I link, M-net charges

Free

Free

5 Free / month

Free

Free

Free

Free

Free

Free

Free

Free

Free



1. NIB Saudagar Account can only be opened by legal entities with valid NTN Number. The charges are on individual account basis and may vary on group / relationship basis.

The balance requirement mentioned to qualify for waiver is previous month's average balance. For the below Rs. 50,000/- category, all services to be charged as per SOC.

2. Debit Card only to be issued to Sole Proprietors. Free issuance only. Annual/Renewal fee to be charged as per SOC.

3. Intercity Clearing Return (outward) is free. Intercity Clearing (inward) is free. Intercity Clearing Return (inward) to be charged as per SOC


C. NIB Saudagar Account

Features / Tiers1 <50,000


>=50,000Debit Card Issuance2

Normal Outward Return

Intercity Clearing (Outward)3

Cheque Book charges

Pay Order Issuance

Online Cash Deposits

Online Cash Withdrawals

e-Banking4

e-Statements

24/7 Phone Banking


Direct Pay Mobile Voucher



Free

Free

Charged as per SOC

Charged as per SOC

Charged as per SOC

Charged as per SOC

Charged as per SOC

Free

Free

Free

Free

Free



Free

Free

5 Free / month

Free

Free

Free

Free

Free

Free

Free

Free

Free



1. All new to Bank customers will fall under ‘Tier 2’ (PKR 25,000-500,000) for broken days (i.e. account opening month) and the month after account opening. All services will be charged as per SOC for accounts falling in Tier 1 i.e. below PKR 25,000 balance from 3rd month onwards.


3. Duplicate Pay Order issuance is free. Cancellation of Pay Order to be charged as per SOC.


D. NIB Asaan Current Account

Features / Tiers1 <25,000 (Tier 1)


25,000-500,000 (Tier 2)Intercity Clearing (Outward)2

Cheque Book charges Pay Order Issuance3

SMS Alerts

Online Cash Deposits Online Cash Withdrawals

e-Banking4

e-Statements

24/7 Phone Banking


Direct Pay Mobile Vouchers


Minimum Balance Charges

Charged as per SOC

Charged as per SOC

Charged as per SOC

Charged as per SOC

Charged as per SOC

Charged as per SOC

Free

Free

Free

Free

FreeFree

NIL

Free

Free

Free

Free

Free

Free

Free

Free

Free

Free

Free

Free

NIL

2

3

12 12

III. Exclusive Banking1

ServicesA. LCY Current Accounts

B. LCY Saving Accounts

Debit Card IssuanceDebit Card Annual FeeCheque Book IssuancePay Order Issuance

Telegraphic Transfer

Duplicate Statement

Online Cash DepositsOnline Cash WithdrawalsSmall Locker

SMS AlertsPull SMS Alerte-Statements

Utility Bill Payment (ATM)IBFTNormal Outward Return

Intercity ClearingSame Day Clearing

FreeFreeFree

Free1 per month1 per month

FreeFree

Annual Rent Waived

FreeFree

Free

FreeFreeFreeFreeFree

Debit Card IssuanceDebit Card Annual FeeCheque Book Issuance

Small Locker

SMS AlertsPull SMS Alerte-StatementsDuplicate Statement

FreeFree

50 Leaves per month

Annual Rent Waived

FreeFreeFree

1 per month

Cheque Book IssuanceFDDSMS AlertsPull SMS Alerte-Statements

Duplicate StatementsTelegraphic Transfer

Online Cash DepositsOnline Cash Withdrawals

Free2 per month

FreeFreeFree

1 per month1 per month

Free

Free

Cheque Book IssuanceSMS AlertsPull SMS Alerte-StatementsDuplicate Statements

50 Leaves per monthFreeFreeFree

1 per month

Waivers

Services Waivers

C. FCY Current AccountsServices Waivers

D. FCY Saving AccountsServices Waivers

Individual customers who maintain a quarterly average balance of Rs. 1,000,000 (or above) in their Current Account or Rs. 2,000,000 (or above) in their Savings account or Rs. 5,000,000 (or above) in their Term Deposit Account can be eligible for the following waivers:

13 13

14 14

E. Employee Banking

Minimum Balance

Debit Card Issuance

Cheque Book Issuance

Debit Card Annual Charges

Pay Order Issuance

IBFT Waiver

SMS Alerts

Internet Banking

e-Statements

0

Free

*Free

Free

Free

Free

Free

Free

Free

0

Free

*Free

Free

Rs. 175/-

Free

Free

Free

Free

Employee Banking Current Accounts are eligible for the following waivers based on the monthly average balances shown below:

CA – EB PlatinumPKR > 25,000/-

GoldPKR < 25,000/- <

*50 leaves

>

Notes:

1. The bank reserves the right to charge customers, who do not maintain a quarterly average balance of Rs. 1,000,000 in their Current Account or Rs. 2,000,000 in their Savings account or Rs. 5,000,000 in their Term Deposit Account, a fee of Rs. 1,000/- per quarter which can be recovered from any of the customers’ accounts maintained with NIB Bank.

2. Intercity clearing (outward), intercity clearing return (outward), intercity clearing (inward) and intercity clearing return (inward) are all free.

Notes:

1. Wherever not mentioned, waivers on charges stipulated for above Rs. 50,000/- average monthly balance in Current A/Cs are only applicable to NIB Current Account Plus, NIB Saudagar Account and Exclusive Current Account.

2. Wherever not mentioned, waivers on charges stipulated for Rs. 25,000/- and above average monthly balance is only applicable to NIB Current Account."

3. 30 minute processing time will be required for executing RTGS fund transfer for 3rd party payments. Charges will be calculated on the basis of RTGS transaction processing time.

4. Charges not mentioned in above section will be applicable as per normal branch banking charges.

5. Locker facility can be availed by NIB account holders only.

General Notes:

• Correspondent bank charges, if any, will be recovered at actual or as per arrangement with the customer.

• Charges may differ as a result of an agreement between the concerned customer & the Bank.

• The Bank's Management reserves the right to waive any or all charges.

• NIB Employees salary account will be exempted from charges for the services mentioned above except for locker charges, Pull SMS Alert, ATM Card Annual Fee & Debit Card charges (other than annual fee).

• 1) Students 2) Mustahiqueen of Zakat 3) Employees of Govt/Semi Govt institutions for salary and pension purposes including widows/children of deceased employees eligible for family pension/benevolent funds, grants etc., 4) Basic Banking Account, 5) NIB Staff Accounts, 6) NIB Special Account (Vulnerable Persons)" 7) NIB Asaan Savings Accounts 8) NIB Asaan Current Accounts 9)Accounts of services connected with services and collection of Zakat, shall be exempted from levy of service charges in any manner whatsoever.

• No service fee shall be charged from the students depositing the amount of fee directly in the fee collecting account of the educational institution.

• The charges for making pay order/DD or any other related instrument (Rupee Instrument) for payment of fees/dues in favor of educational institutions, HEC/Board etc. may not exceed 0.50% of fee/dues or Rs. 25/- per instrument whichever is less.

• All School Management Committees (SMCs) duly constituted by Education Department, Government of Sindh are exempted from levy of service charges on account of non-maintenance of minimum balance requirement.

• Customers maintaining overdraft accounts will not be required to maintain the minimum balance in the accounts and are therefore exempt from the minimum balance service ledger charges.

• All Government taxes/surcharges if any, are for customer's account and will be charged in addition to our charges.

• Where an account has become dormant as per the approved policy of the Bank, dispatch of statement of account will be stopped till such time the account(s) are reactivated or new address is made available/obtained by the Bank. No service charges shall be deducted from these accounts.

* Group Head / Business Head may waive the charges in view of business consideration.

u - indicates rates that have changed from the previous SOC

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1st july 2017 to 31st december 2017 - mcb bank limited · iii) inter-city clearing return a) inward...

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