MCB profit rates on savings accounts are 10.50% a year from 1 November 2026 for individuals with balances up to Rs 1 crore, so Rs 1 lakh in an MCB savings account earns about Rs 875 a month before tax, or Rs 700 for a filer. Above Rs 1 crore MCB pays 9.00%. MCB term deposits pay much less, only about 7.45% to 7.96% a year, so for most savers the savings account is the better choice right now.
Last updated: 11 November 2026 by Ahmed. Rates are from MCB Bank’s provisional profit rates for local currency deposits, effective 1 November to 31 December 2026.
Compare MCB with other banks in our guide to bank profit rates in Pakistan, or try your own amount in the Bank Profit Calculator.
MCB Profit Rates on Savings Accounts (November 2026)
MCB pays the same rate on all 24 of its rupee savings accounts for individuals covered by the State Bank’s minimum deposit rate (MDR):
| MCB savings account | Up to Rs 1 crore | Above Rs 1 crore |
|---|---|---|
| PLS Savings Account | 10.50% | 9.00% |
| PLS Savings 365 and Savings 365 Gold | 10.50% | 9.00% |
| PLS Savings XTRA and MCB Smart Savings | 10.50% | 9.00% |
| MCB Savings Maximizer and Khushali Bachat | 10.50% | 9.00% |
| MCB Salary Club Savings | 10.50% | 9.00% |
| MCB Pensioner and Senior Citizen Savings | 10.50% | 9.00% |
| MCB Asaan and Asaan Digital Savings | 10.50% | 9.00% |
| MCB Roshan Digital Savings (PKR) | 10.50% | 9.00% |
| MCB Freelancer Digital PKR Savings | 10.50% | 9.00% |
| MCB Young, Teenagers, Fun Club and Nayab Savings | 10.50% | 9.00% |
| PLS Prime Account | 10.50% | 9.00% |
Yearly rates for individuals, MCB provisional rates effective 1 November 2026. Companies, sole proprietors and partnerships get 9.00%; financial institutions and public limited companies also get 9.00%.
MCB raised its savings rate from 10.00% to 10.50% on 1 November 2026, following the State Bank’s increase in the policy rate to 12% on 27 October. Before that, the 10.00% rate had applied from August to October.
MCB Profit Rates on 1 Lac and Other Amounts
At the 10.50% MCB savings rate:
| Amount | Monthly profit (before tax) | Filer (after 20% tax) | Non-filer (after 40% tax) |
|---|---|---|---|
| Rs 1 lakh | Rs 875 | Rs 700 | Rs 525 |
| Rs 2 lakh | Rs 1,750 | Rs 1,400 | Rs 1,050 |
| Rs 5 lakh | Rs 4,375 | Rs 3,500 | Rs 2,625 |
| Rs 10 lakh | Rs 8,750 | Rs 7,000 | Rs 5,250 |
| Rs 25 lakh | Rs 21,875 | Rs 17,500 | Rs 13,125 |
| Rs 50 lakh | Rs 43,750 | Rs 35,000 | Rs 26,250 |
| Rs 1 crore | Rs 87,500 | Rs 70,000 | Rs 52,500 |
So the MCB profit rate on 1 lac works out to Rs 875 a month, or Rs 10,500 a year before tax. A filer keeps Rs 700 a month and a non-filer Rs 525.
MCB Term Deposit Rates (November 2026)
MCB’s term deposit rates are well below its savings rate. These are the rates for deposits of Rs 5 lakh and above:
| Tenor | Monthly profit | Profit at maturity (effective yearly) |
|---|---|---|
| 1 month | – | 7.10% |
| 3 months | 7.00% | 7.23% |
| 6 months | 7.25% | 7.50% |
| 9 months | 7.42% | 7.68% |
| 1 year | 7.45% | 7.71% |
| 2 years | 7.56% | 7.83% |
| 3 years | 7.58% | 7.85% |
| 5 years | 7.68% | 7.96% |
Simple yearly rate for monthly profit; effective yearly rate for profit at maturity. MCB provisional rates effective 1 November 2026, deposits of Rs 5 lakh and above.
For deposits from Rs 1 lakh to Rs 4.99 lakh, MCB pays slightly less: about 7.05% to 7.91% effective, depending on the tenor, and these smaller deposits do not get a monthly-profit option.
MCB Higher Mahana Profit Account (3 years, monthly profit) pays 7.58% simple (7.85% effective).
Clients with very large deposits can ask the branch manager for special term deposit rates.
Should You Choose an MCB Term Deposit?
For most people, no. An MCB savings account pays 10.50% with no lock-in, while a 1-year MCB term deposit pays about 7.45% monthly. On Rs 10 lakh that is about Rs 8,750 a month in savings against Rs 6,208 in a 1-year deposit. A term deposit only helps if you have more than Rs 1 crore (where savings drop to 9.00%) and can negotiate a special rate.
Is MCB Better Than Other Banks?
| Option | Yearly rate | Monthly profit on Rs 10 lakh (before tax) |
|---|---|---|
| MCB savings account | 10.50% | Rs 8,750 |
| MCB 1-year term deposit, monthly profit | 7.45% | Rs 6,208 |
| HBL savings (Mahana Amdan) | 10.50% | Rs 8,750 |
| HBL Advantage 1 year, monthly profit | 10.20% | Rs 8,500 |
| BOP 1-year term deposit, monthly profit | 9.50% | Rs 7,917 |
| National Savings Regular Income Certificate | 12.12% | Rs 10,100 |
Bank rates November 2026; National Savings rate from 21 October 2026.
On savings up to Rs 1 crore, MCB pays the same as HBL, UBL and Bank of Punjab. Its term deposits, though, pay noticeably less than HBL, BOP or Bank Alfalah, so if you want to lock in a rate, compare fixed deposit rates first.
Tax on MCB Profit
MCB deducts withholding tax before paying profit: 20% for filers on FBR’s Active Taxpayers List and 40% for non-filers. On Rs 10 lakh, a filer keeps Rs 7,000 a month and a non-filer Rs 5,250. See how to become a filer.
How to Open an MCB Savings Account
- Online: download the MCB Live app and open an Asaan Digital Savings Account with your CNIC.
- Branch: visit any MCB branch with your original CNIC and proof of income.
- Overseas Pakistanis: open an MCB Roshan Digital Account; its PKR savings pay 10.50%.
- Filer status: make sure your CNIC is on FBR’s Active Taxpayers List so MCB deducts 20%, not 40%.
Common Mistakes
- Booking an MCB term deposit at about 7.5% when the savings account pays 10.50% without a lock-in.
- Keeping more than Rs 1 crore in one account. Above Rs 1 crore the rate drops to 9.00%.
- Assuming all MCB accounts pay monthly. Check the payout frequency of your account with the branch.
- Forgetting filer status. A non-filer loses 40% of profit to tax.
MCB Profit Rates: FAQs
What is the MCB profit rate on 1 lac?
MCB savings accounts pay 10.50% a year from 1 November 2026, so Rs 1 lakh earns about Rs 875 a month before tax, Rs 700 for a filer and Rs 525 for a non-filer.
What is the MCB savings account profit rate in 2026?
10.50% from 1 November 2026 for individuals with up to Rs 1 crore, up from 10.00% between August and October. Balances above Rs 1 crore get 9.00%.
What is the MCB term deposit rate for 1 year?
About 7.45% with monthly profit or 7.71% effective at maturity for deposits of Rs 5 lakh and above, on the November 2026 sheet.
How much profit does MCB give on 10 lakh?
About Rs 8,750 a month before tax in a savings account at 10.50%, or Rs 7,000 for a filer.
What is the MCB Senior Citizen Savings Account rate?
10.50% a year up to Rs 1 crore, the same as other MCB savings accounts.
MCB mein 1 lakh par kitna munafa milta hai?
MCB saving account mein Rs 1 lakh par taqreeban Rs 875 mahana munafa milta hai (10.50% salana). Filer ko tax ke baad Rs 700 aur non-filer ko Rs 525 milte hain.
MCB ka term deposit faida mand hai ya saving account?
Is waqt MCB ka saving account (10.50%) term deposit (taqreeban 7.5%) se zyada munafa deta hai, aur paise bhi lock nahi hote.
This guide is for general information only and is not financial or tax advice. Rates change often, so confirm the latest figures with MCB before you invest.
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