Mcb Online Bank Statement: Fill & Download for Free

I had experience with Standard Chartered, MCB and UBL.I found most of the staff rude I'm surprised to see good comments about SCB, perhaps the branch where my account was had some issues so i am not able to judge them overall. Yes their online banking is very good.2. MCB is just fine. Staff service is pathetic to date. But overall it is still in my good books. No online banking except Android application which they recently updated and just fine for basic banking and better than nothing.3. With UBL. I will say BE CAREFUL. I and my most friends were UBL clients and this bank was in our good books. Especially due to their Virtual Card service. But unfortunately we found difference in balance on Virtual Card statement and on web. We tried to email them because they refused to help on helpline number and after 2 weeks they stop responding on emails completely. And when we shared the issue on Facebook their representative ask me to wait 5 min and those 5 minutes never ended after several requests for a week. We visited bank and share our issue but bank refused to help and said virtual card issue can not be resolved there and customer have to email and their is no other way. After losing thousands we had no option other than stop banking with them.From our reliable source we came to know that virtual card credit disappearance issue start coming from November 2020 which most clients can see in their statement especially those who cannot still able to see any statement before November 2020. UBL knows the issue and trying to cover up the fraud by not responding their clients on email and social media. We also submitted a complaint on Bank Mohtasib with all the recordings full of lies false statements by different representatives. Yes it will take time but we hope this may be the only way to recover our money. To date UBL neither contacted us via phone, email and social media.

After remaining depressed for a year or so, Pakistan’s Stock Market, always considered as one of the best performing in the world, is again picking up. It came down from high 50,000s to low 30,000s and presently again moving towards 50,000s. It will soon regain its lost ground in the short to medium period and then move upwards in the long period. It is therefore right time to buy Pakistani stocks if you are interested in highly profitable returns in medium to long term.(However, if you are interested in quick and safe returns in very short period, then Pakistan government treasury bills are now offering one of the highest returns in the world, attracting huge foreign inflows)Before you start investing in stock market, please do read a few good books on this issue and keep on updating your knowledge by reading the financial pages of the newspapers.One good book I can recommend is the “The Intelligent Investor”. Warren Buffett's pick as the greatest investment book of all time, The Intelligent Investor by Benjamin Graham was first published in 1949 and is still rated the best in this genre.Few of his pieces of advice areYour main goal should be to not lose money; so go for ‘investing’ and avoid ‘speculating,'. Buy some good stocks and stick with them instead of day trading.Buy the stock whose Price/Earnings Ratio should be less than 15.( P/E ratio or the PER is the ratio of a company's stock price to the company's earnings per share.)Don't invest in companies that have had negative earnings-per-share in the last three years.Similarly its Price/Book Value Ratio should be less than or equal to 22.5. (P/B ratio, is a financial ratio used to compare a company's current market price to its book value. This ratio also gives some idea of whether an investor is paying too much for what would be left if the company went bankrupt immediately)Don't buy a share simply because its share is selling cheap; look for its EPS growth (annual rate of growth of earnings from investments). Ideally it should be more than 30% (cumulative) over the course of the prior 10 years. This is a good indicator of a stable and sound business model.Look for a current ratio (current assets / current liabilities) greater than 2. It is a signal that the company is financially secure.Always prefer companies with dividends, and with consistent dividend growth.Market crashes should be thought of as exciting and delightful fire sales on the best stocks. By contrast, be terrified when the market has gone up far, fast, and resist the urge to start buying more stock when the market is up. In other words, he does not advocate investing or divesting simply because the market goes down or up, one always looks at individual companies.A lot of financial jargon? Do not worry. Everything is available online. This is essential if you want to enter in this field. And you will get used to these terms within few days.How to buy stocks in Pakistan?First, select a brokerage firm for opening an account. My suggestion would be to select any of the following brokerage firms attached with the Central Depository Company(CDC), the sole entity handling the electronic (paperless) settlement of transactions carried out at the Pakistan Stock Exchange (PSX).Alfalah CLSA Securities (Pvt) LimitedArif Habib LimitedBMA Capital Management LimitedFoundation Securities (Pvt.) LimitedKhadim Ali Shah Bukhari Securities LimitedJS Global Capital LimitedMarket 786 (Pvt.) LimitedMuhammad Munir Muhammad Ahmed Khanani Securities (Pvt.) LimitedTopline Securities LimitedOpening an account is quite easy, almost hassle free as everything is now online. Firm’s customer service will guide you and send you the software which is very easy to learn, hardly a few hours practice.Secondly, choose the sectors you want to invest; presently, in Pakistan, cement, banking, oil/gas and foreign MNCs are blue chips.Thirdly,, select the firms in these sectors you think are best. Buy shares of foreign MNCs, cement companies, ,banks and oil and gas firms particularly OGDC/PPL Purchase their shares through any reputable stock broker and then wait.Fourthly, do not indulge in day trading. It thrills but kills the novices.Read about them, talk to the brokerage firm and no harm if you send an email to the company you choose and ask them the above five pieces of information.Fifthly, buy the shares and relax; no need to do day trading as it is risky when you start buying shares. learn the tricks of the trade for at least three months and then start day trading if it thrills youLastly, keep on buying additional shares every month by saving a fixed amount every month-how small it may be. One less Bareeze/Sana Safinaz suit per month means at least 100 more shares of good firmInvestment Procedure for Overseas PakistanisOne of the best initiatives of the present government is the start of Roshan Digital Account (RDA) for Non Resident Pakistanis (NRPs). State Bank of Pakistan in collaboration with eight Schedule banks operating in Pakistan has launched this scheme to provide innovative banking solutions for millions of Non Resident Pakistanis (NRPs).Besides normal banking services, these account can be used transferring remittances as well as making investments in government bonds, property or stock exchange.What makes RDA most attractive is their availability in both currencies namely Pak rupees or US$/British £/EURO etc. The account holder can choose either a foreign currency or rupee-denominated account, or both. For NRPs, these accounts would be interoperable and enable real-time online conversion from foreign currency to Pakistani Rupees and vice versa.Some of the salient features of these accounts areNo minimum balance requirementNo minimum balance requirement.Customer can open a Foreign Currency Value Account (USD) or an NRP Rupee Value Account as defined in the chapter 6 & Chapter 8 of the Foreign Exchange Manual.Both these accounts are fully repatriable.Account can be fed by Foreign Inward Remittances originating from the account holder himself / herself through formal channels (only banks)Monthly account statements sent on registered email addressAccount to be opened by Non-Resident Pakistanis only.Account to be operated singlyAccounts are funded through foreign remittance only.Local credits allowed to the extent of proceeds received from permissible investments made from the accountAccount to be opened in 48 hours if everything is in order.Mobile Banking App and Debit Card AvailableHow to open an RDAThis account can easily be opened through an online portal / mobile application by providing minimum documents in just 48 hours. Most importantly, there is no need to visit a bank branch or the consulate/embassy of Pakistan.1. Fill Account Opening FormCurrently there are eight banks with whom you can open an account. Select any one that you feel more convenient. Go to the selected bank’s website for filling account opening form digitally.l Bank Alfalahl Faysal Bankl Habib Bank Ltdl MCB Ltdl Meezan Bank Ltdl Samba Bankl Standard Chartered Bank Ltdl United Bank LtdKindly note; If you are interested to buy stocks and shares through your RDA, then select one of the following banks because all eight do not provide these servicesA. Bank AlfalahB. Habib Bank LtdC. Meezan Bank LtdD. United Bank Ltd2. Choose Digital Account TypeBefore applying online, kindly read the selected banks’ eligibility criteria and account opening procedure by clicking “For More Details” links given in their respective websites. Most of the banks will initiate their online application with Email registration/verification through OTP. Or some banks may direct you to Choose the type of Digital Account – a Foreign Currency Account or a Pak Rupee Account.3. Upload DocumentsOnce you have initiated your online account opening application, you will be required to upload scanned copies of following documents to open an account:· CNIC/ NICOP/ POC.· Passport (Pakistani and/or foreign country).· Proof of non-resident status.· Proof of profession and source of income/ funds.o For salaried individuals: job certificate/ salary slips.o For business persons: tax return/ rent agreement/ any other proof of income.· Some banks may ask other documents including Utility Bill/Tenancy Agreement/Any government issued document other than the identity document for address verification4. Add PictureYou will be asked for a digital photo that would be taken at the time of filling the form and uploaded live.5. Receive ConfirmationSelected banks representative may contact you via video call or any other medium for verification. You will get confirmation of account opening within 48 hours.6. Transfer FundsAfter account opening, you can transfer funds in the account through banking channels from the country of your residence.Please note:Banks may not be able to offer Roshan Digital Account or investment in Naya Pakistan Certificates for residents of some countries due to their legal requirements. As a rough guide you can say all EU countries, UK, USA, Canada, Japan, South Korea are the countries where you can open an RDA but can not buy the Naya Pakistan certificates. However, do check it with the bank about the latest position in this respect.Procedure for Opening a Stocks Trading AccountAfter opening of the RDA, the Bank will provide you the option of investing in the following asset classes:a) Naya Pakistan Certificates (NPCs)-where permittedb) Stocks (equities, debt, others)When you select Stocks as the mode of investment, the concerned Bank will ask you to give consent to allow the bank to share your information and scanned copies of documents with Central Depository Company(CDC). It is the sole entity handling the electronic (paperless) settlement of transactions carried out at the Pakistan Stock Exchange (PSX).Bank will also share your details with the brokerage firm you select as well as with National Clearing Company of Pakistan Limited (NCCPL). Further, the bank will also obtain agreement on terms & conditions of Custody and Trading Accounts.Subsequently, the bank will ask you to select a brokerage house for trading purpose.Brokers Select any of the following brokerage firms connected with CDCl AKD Securities Limitedl Alfalah CLSA Securities (Pvt) Limitedl Arif Habib Limitedl BMA Capital Management Limitedl Foundation Securities (Pvt.) Limitedl Khadim Ali Shah Bukhari Securities Limitedl JS Global Capital Limitedl Market 786 (Pvt.) Limitedl Muhammad Munir Muhammad Ahmed Khanani Securities (Pvt.) Limitedl Topline Securities LimitedOnce the process is complete, the commercial Bank will forward you details along with scanned copies of documents and IBAN to CDC electronically.After receiving the details from bank, CDC will send an email intimation to you.Thereafter, CDC will forward the details and digital form of documents to the respective brokerage house as well as NCCPL for allocating your Unique Identification Number (UIN).Brokerage firm will perform their own due diligence and confirm opening of trading account to you and CDC within one working day, along with the particular of online trading portal.Now you can trade in Pakistani stock market using brokerage firm’s online portal.Clearing, Settlement and CustodyYou have the following two options for settlement and custodianship of the stocks and shares you have purchasedl Direct Bank Method:Under the Direct Bank Model, respective Bank will be responsible for all the matters related to Clearing, Settlement and Custody of your stocks and shares.l CDC Direct Settlement Service: Under CDC DSS Model, the CDC will also open IAS account and share the details of CDC access with you.Repatriation of FundsOne of the most important feature of RDA is that you can easily repatriate the funds back to the country of your stay. You can can lodge request to transfer the funds back to RDA any time through web portal or email. Subsequently, once the funds are received in RDA, you can request to respective Bank for repatriation of funds overseas.Please also read this answer of mine in this connectionShahid Hussain Raja's answer to Where should I invest $100k in Pakistan?