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20000316
MCB fixes
minimum balance
limit at Rs 2,500
RECORDER REPORT
KARACHI: The Muslim Commercial Bank has fixed a limit of minimum balance at Rs 2,500 for Current and PLS Savings Account.
This will be effective from 1st January, 2000. Earlier the minimum limit was Rs 1,000.
An amount of Rs.150 will be recovered bi-annually, additionally no profit will be paid if the balance is reduced from Rs 2500 in such accounts.
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