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Profit Distribution Unlike conventional fixed deposits where interest rates are fixed on placement of deposits, profits for MGIA are declared on actual profitmade on a monthly basis. In addition, it shall be distributed based on an agreed profit-sharing ratio between the customer and the bank, determined prior to the placement of deposits. An important question that arises from this is how the bank shares its profits with its customers.. Read More.. |
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Unlike conventional fixed deposits where interest rates are fixed on placement of deposits, profits for MGIA are declared on actual profitmade on a monthly basis. In addition, it shall be distributed based on an agreed profit-sharing ratio between the customer and the bank, determined prior to the placement of deposits. An important question that arises from this is how the bank shares its profits with its customers.. 