MashreqMillionaire FAQ
What is the prize structure of MashreqMillionaire from January 2011?
MashreqMillionaire introduced more Mega single prizes for the year 2011. From January 2011 the prize structure would be as below and the draws will be on the last Thursday of the month:
| Months | Prizes | Draw Date |
|---|---|---|
| January | BHD 100,000 | 27th January |
| February | BHD 100,000 | 24th February |
| March | BHD 500,000 | 31st March |
| April | BHD 100,000 | 28th April |
| May | BHD 100,000 | 26th May |
| June | BHD 500,000 | 30th June |
| July | BHD 100,000 | 28th July |
| August | BHD 100,000 | 25th August |
| September | BHD 500,000 | 29th September |
| October | BHD 100,000 | 27th October |
| November | BHD 100,000 | 24th November |
| December | BHD 500,000 | 29th December |
Is there a minimum saving criterion for the Mega BHD 500,000 prize?
Yes. All MashreqMillionaire customers holding 10 or more certificates under their name will qualify to enter the draw of BHD 500,000.
I am an existing MashreqMillionaire Certificate holder. How many chances do I get into the Mega BHD 500,000 draw?
If you are an existing MashreqMillionaire customer with a minimum saving of BHD 1,000 (i.e. 10 certificates under single name), then you are automatically entitled to enter the bumper BHD 500,000
How can I save with MashreqMillionaire Savings Certificates?
Saving in MashreqMillionaire Certificates is simple and convenient. You can buy them from Mashreq bank Manama branch, call us on +973 17504407 / +973 17 504421.
Mashreq customers can now save in MashreqMillionaire Certificates online through MashreqOnline.
Who all can save in MashreqMillionaire?
MashreqMillionaire Certificates can be saved in by all holders of a valid resident.
How are the draws conducted?
Each MashreqMillionaire draw is conducted and supervised by the Department of Economic Development, Government of Dubai (or the authorities of the Emirate where the draw is conducted). All certificates are included in all the draws, so, the more certificates you hold, the more opportunities you have to become a MashreqMillionaire.
What happens if I win?
The winning amount is automatically credited to your MashreqMillionaire holding so you are guaranteed to receive the prize money even if you are not immediately available to claim it. Winners are notified by telephone, sms and/or mail. Therefore, please ensure that the Bank has your complete and updated address at all times.
Are there any cancellation charges?
There are no cancellation charges when the MashreqMillionaire Certificates are redeemed after 30 days from date of purchase. For earlier redemption, there is a nominal fee levied on the full or partial quantity of certificates redeemed.
How do I en-cash my certificate(s)?
You can en-cash your certificates in part or full, across the counter at the Mashreq branch only.
Do I have to en-cash my certificates if I need cash in the short term?
No. You need not en-cash your MashreqMillionaire Certificates to meet your short term cash requirements. You can utilize an attractive overdraft facility that allows you to obtain 90% of your original investment against them. This facility is offered at low interest rates and allows you to remain eligible for all the draws.