MashreqMillionaire FAQ
What is the prize structure of MashreqMillionaire from July 2010?
MashreqMillionaire introduced another Mega single prize of AED 5 Million. From July 2010 the prize structure would be as below:
| Prize Amount | Number of Customer winning | Frequency | Minimum certificate Holding |
|---|---|---|---|
| AED 5 Million | 1 | Once - December 30th 2010 | AED 10,000 (10 certificates) |
| AED 1 Million (for customers holding for 2yrs+ as on December 30th 2010) | 1 | Once - December 30th 2010 | AED 1,000 (1certificate) |
| AED 1 Million | 1 | Monthly - First Thursday of every month | AED 5,000 (5 certificates) |
| AED 200,000 | 20 (Winning amount AED 10,000 per customer) | Monthly - First Thursday of every month | AED 1,000 (1 certificate) |
| AED 500,000 | 500 (Winning amount AED 1,000 per customer) | Monthly - First Thursday of every month | AED 1,000 (1 certificate) |
How can I increase my chances to win the Mega AED 5 Million prize?
MashreqMillionaire has ‘multiplier option’ wherein you can multiply your chances up to 6 fold to win the Mega AED 5 Million. The sooner one saves with MashreqMillionaire, the more chances you get to win the mega prize of AED 5 Million!
Customers saving in July will get complimentary bonus entries into the bumper draw, increasing their chances six fold! Customers saving in August will get as many as five chances of winning where as customers saving in September will quadruple their chances (odds) of winning. The bonus entries will reduce as the draw month approaches.
For instance, a customer saving a minimum of 10 certificates in July will have 60 chances to enter the bumper draw but the same customer saving in August will have 50 chances and so on and so forth, with the bonus entries reducing as the draw month approaches
| Your Bonus Entry Calculator | ||||
|---|---|---|---|---|
| Month of Saving | Certificates Purchased | Bonus Entries Matrix | Total Entries Into Draw (actual + bonus) | |
| (No. of Certificates X times) | Bonus Entries | |||
| On or before 30th June 2010 | 10 | x 5 | 50 | 60 |
| Jul-10 | 10 | x 5 | 50 | 60 |
| Aug-10 | 10 | x 4 | 40 | 50 |
| Sep-10 | 10 | x 3 | 30 | 40 |
| Oct-10 | 10 | x 2 | 20 | 30 |
| Nov-10 | 10 | x 1 | 10 | 20 |
| Dec-10 | 10 | x 0 | 0 | 10 |
Is there a minimum saving criterion for the Mega AED 5 Million prize?
Yes. All MashreqMillionaire customers holding 10 or more certificates under their name will qualify to enter the draw of AED 5 Million.
I am an existing MashreqMillionaire Certificate holder. How many chances do I get into the Mega AED 5 Million draw?
If you are an existing MashreqMillionaire customer with a minimum saving of AED 10,000 (i.e. 10 certificates under single name), then you are automatically entitled to enter the bumper AED 5 Million draw with the maximum bonus entries as per the grid above.
What is eligibility for AED 1 million on 30th Dec 2010?
For all our valued and loyal customers holding certificates for 2 years and more as on December 30th 2010 we will hold a special draw.
How can I save with MashreqMillionaire Savings Certificates?
Saving in MashreqMillionare Certificates is simple and convenient. You can buy them from any one of the 60+ Mashreq branches across the Emirates, call our 24 hour Direct Banking Center on +971 (4) 424 4444. You pay a nominal processing fee of AED 35 for each transaction, irrespective of the number of certificates you buy. This means that even if you buy 100 certificates, the processing charge remains as low as AED 35.
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, visit or transit visa of the U.A.E and all GCC nationals. These certificates cannot be jointly held and are non-transferable
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 180 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 any of the Mashreq Branches. All you need is the original certificate(s) and a valid proof of identity.
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 95% of your original investment against them. This facility is offered at low interest rates and allows you to remain eligible for all the draws. Similarly, if you have 10 or more certificates you are also pre-approved for the MashreqMillionaire Gold Credit Card. The credit card offers a cash advance facility that you can utilize at a low interest rate.
Phone