How to open a Saving Account in Pakistan

HOW TO OPEN A SAVING ACCOUNT IN     PAKISTAN

-Importance of saving money

 

For a variety of reasons, opening a savings account while living in Pakistan is vital. The main reason is that it avoids taking out bank loans because repaying that money will divert your attention away from your core life goals. And this would indicate that you'd start your life in debt. If you acquire a good saving habit, you will gradually become self-sufficient and will be able to afford products that you could previously only dream of.

-Best saving Account In Pakistan 

 

·         1-Standard Chartered Bank.

·    2-Meezan Bank.

·    3-HBL

 

 

· 1- Standard Chartered Bank.

    

     Standard Chartered Pakistan is a bank and financial services company in Pakistan. To save in this account, Standard Chartered Bank demands a minimum balance of 1000 PKR

HOW TO APPLY?

A minimum balance of 1000 is required to start an account here. To begin saving here, you must first meet your banking needs. To apply for a Savings account, go to your nearest Standard Chartered bank. They will help you fill out all of the forms required to start a savings account. For the first year, they will issue a complimentary platinum debit card.

 

APPLICANT TO PROVIDE

• Original CNIC along with verified copy
• Proof of income
• Copy of recent utility bill
• Other Terms and conditions applied

Question # 1

Can we open a Standard Chartered bank account online?

Answer. 

Yes, it is possible. The pdf file is available on Its dashboard.

Question # 2

What is the interest Ratio of a Standard Chartered bank account?

Answer. 

Interest Ratio Of this bank is 5.5% APR.

 

2- Mezaan Bank.

 

Mezan Bank is the largest Islamic Bank. It gives coverage up to 1 million PKR upon maintaining a minimum monthly balance of 10,000 PKR. The minimum investment required to invest in this account is just 100 PKR.

 

HOW TO APPLY?

To apply for Mezan Bank you have to download the pdf version of the account reopening form. In that form, you have to fill in all your personal information and then submit that form to your nearest branch.

 The second step is to visit the nearest branch, and then the staff will assist you in filling all the needed forms.

APPLICANT TO PROVIDE

• Original CNIC / SNIC along with verified copy
• 100 PKR
• Proof of income
• Copy of recent utility bill
• Other Terms and conditions applied

Question # 1

Can we open Meezan bank account online?

Answer. 

Yes it is possible. Pdf file is available on Its dashboard.

Question # 2

What is the interest Ratio of the Meezan Bank account ?

Answer. 

It is an interest free bank account.

 

· 3- HBL

HBL Bank is a safe bank where you can help yourself in increasing your wealth. It allows you to invest money in very comforting terms and conditions. All kids above the age 6 can have this account for saving purposes.

The minimum initial deposit for account opening is Rs. 1,000 with no minimum balance requirements.

 

HOW TO APPLY?

The minimum balance required to open an account here is 1000 Rs. To apply for Saving account you have to contact nearest branch of Hbl. They will assist you with all necessary forms to be filled for opening the savings account.

 

APPLICANT TO PROVIDE

• Original CNIC / SNIC along with verified copy
• 100 PKR
• Proof of income
• Other forms given by bank

Question # 1

Can we open HBL bank account online?

Answer. 

Yes it is possible. Pdf file is available on Its dashboard.

Question # 2

What is the interest Ratio of the HBL bank account ?

Answer. 

The Interest Ratio Of this bank is 35.99% APR.