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Guidelines for Investor Portfolio Securities (IPS) Account(s)

MCB Bank Limited is offering Investor Portfolio Securities accounts (IPS) to its customers.

IPS Accounts are custodial accounts maintained for buying and holding Government Securities (T-Bills, PIBs, Sukuks) on behalf of their customers.

The types of Government securities that customers can invest through IPS account are:

Treasury Bills (T-Bills)

Treasury bills are zero coupon instruments issued by the Government of Pakistan and sold through the SBP via fortnightly auctions. Salient features are:

Pakistan Investment Bonds (PIBs)

PIBs are long-term bonds issued by the Government of Pakistan and sold through SBP via periodic auctions. Salient features are:

Government of Pakistan Ijarah Sukuk (GoP Ijarah Sukuk)

GoP Ijarah Sukuks are medium term Shariah compliant bonds issued by the Government of Pakistan and sold through SBP via periodic auctions. Salient features are:

How to invest in Government securities?

Customers interested in buying Government of Pakistan Securities, need to follow the steps stated below:

Bank Charges

Following bank charges will apply:

  1. Transaction Charges: PKR 500 per transaction.
  2. Holding Charges: Up to PKR 1 Million: Nil;
                                     Greater than PKR 1 Million: PKR 500/Quarter
  3. Security Movement Charges (to another bank): PKR: 500 per transaction.

NOTE: The above mentioned charges are not applicable for MCB Bank staff. However, PKR 1 (for each type of charge mentioned) will apply for MCB Bank staff. Head of TMU will have the authority to waive these charges. However, PKR 1 (for each type of charge mentioned) will apply.


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