How To Open Pag Ibig Mp2?
Are you looking for an investment that is both secure and profitable? Do you want to get good returns on your money without taking too much risk? If so, then opening a Pag-IBIG Fund MP2 Savings account may be the perfect option for you.
In this blog post, we’ll tell you all about how to open an MP2 savings account with Pag-IBIG, so keep reading!
how to open pag ibig mp2
To open a Pag-IBIG MP2 (Modified Pagtutulungan sa Kinabukasan) account, follow these steps:
- Secure a copy of the MP2 Program brochure and membership application form from the Pag-IBIG Fund office or website.
- Fill out the application form completely and legibly.
- Submit the accomplished form, together with two valid identification cards with your signature.
- Pay the initial deposit of Php 500 or more.
- Wait for your MP2 savings passbook and Pag-IBIG Loyalty Card ID to arrive in your mailing address.
- Note: You may also open an MP2 account online via the Pag-IBIG Fund website.
What is Pag-IBIG Fund MP2?
Pag-IBIG Fund MP2 is the Philippine government’s medium-term savings program. It is designed to give Filipinos access to higher returns than traditional bank deposits while still providing a safe and secure investment.
The minimum initial deposit amount required to open an account is Php 500, and the maximum balance allowed in any individual account is Php 2 million. You can make additional deposits or withdrawals from your account at any time.
The Benefits of Opening a Pag-IBIG Fund MP2 Savings Account
There are many benefits associated with opening a Pag-IBIG Fund MP2 Savings Account, such as:
- Higher interest rates than regular bank accounts;
- Flexible terms; you can choose when to make deposits or withdrawals;
- Tax exemption on additional contributions made within the year; and • The funds deposited into your account are insured by the Philippine Deposit Insurance Corporation (PDIC) up to a maximum of Php 500,000 per depositor.
How to Open a Pag-IBIG Fund MP2 Savings Account It’s easy and straightforward to open an MP2 savings account with Pag-IBIG. All you need is a valid ID and proof that you are registered as a member of the fund (such as your membership identification number).
Once you have these documents ready, just follow these steps:
1. Visit the nearest branch of the fund and fill out the form provided. Make sure that all information provided is accurate and complete.
2. Pay the initial deposit amount (minimum of Php 500). This can be done via over-the-counter payments at any branch of the fund or through online payment services such as GCash or PayMaya.
3. Wait for your membership card and passbook which will be sent within two weeks after opening your account.
4. Once you receive your membership card and passbook, keep them in a secure place since they will be needed whenever making transactions with your account (e.g., deposits/withdrawals).
5. Start making deposits into your new MP2 savings account regularly!
Conclusion:
Opening an MP2 savings account with Pag-IBIG can help anyone looking for higher returns on their investments without taking too much risk – whether they’re just starting out or already experienced in investing their money wisely!
- See Also:- Pag-IBIG MP2 Calculator
It’s easy to open an MP2 Savings Account with only minimal requirements – all it takes is having a valid ID and proof that you are registered as a member of Pag IbigFund plus having some extra cash handy for the initial deposit amount! So why wait? Head on over now and start investing toward financial freedom today!
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