Bank Al Habib Young Savers Account

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Resources

Bank Al Habib Young Savers Account

Specially designed for children under 18 years that teaches them financial discipline

Minimum Balance Required (Rs)

No Requirement

Minimum Amount Required (Rs)

Daily Withdrawal Limit
(Rs)

Annual Fee
(Rs)

1,000

Allowed Monthly Transactions

View Phone Number

Features

- Profit payment frequency is semi-annually basis

- Offers you two profit payout tiers

- Interest rate varies from 12.03% based on the deposited amount

- Get SMS alerts on transactions
Benefits

- Profit is calculated on monthly basis

- This account can be open with just Rs. 5/- only

- No minimum balance requirement for operating an account

- Free online banking, Debit Card & first cheque book

Eligibility

Individual:
- Age Limit: Up to 18 years
- Documents required: Guardian CNIC, B-Form /Student ID card
FAQ

What is a savings account?

A savings account offers the easiest way to keep some of your money aside and earning interest or profit on that amount on regular basis.

Does a savings account offer all usual banking facilities?

Yes, a savings account just like any other bank account allows you to conduct banking transactions. You also get access to ATM card, cheque book and online banking facility along with a savings account.

Is the profit earned through savings account taxable?

Yes, normally the profit earned through a savings account is taxed at the source and deducted by the Bank before paying the remaining amount to you.

Do you have any limitation towrds withdrawls of your funds?

No, there is no limit and you can withdraw your funds from your account any time. The profit is always paid on the amount that was present in your account during a certain period.

Other Details

Best Suitabe For

Day to day savings
Target Age Group

Up to 18 years
Interest Rate / Profit Rate

12.03%
Interest Calculation Frequency

Monthly
Profit Payment Frequency

Quarterly
Currency of Account

PKR

Free ATM / Debit Card?
ATM Card Network

PayPak
Free Cheque Book?
Manage with App?
Branch Banking
Online Banking?

Other Bank Accounts from Bank Al Habib

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Bank AL Habib Current Plus Account

APR 0%

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Bank Al Habib PLS Saving Account

APR 20.5%

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An account that offers you additional benefits along with regular savings

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AL Habib Foreign Currency Saver Account

APR 1%

Open Account with Rs. 500

An ideal account to earn attractive returns on foreign currency deposits

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Bank Al Habib Monthly Saver Account

Profit Rate 20.6%

Open Account with Rs. 1,000

Best suitable account for those individuals who want monthly profit on deposit

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Bank Al Habib Senior Citizen

Profit Rate 18.25%

Open Account with Rs. 100

Best suitable account for Senior Citizen who wants special privileges and best rates of returns

See Details

Bank Al Habib Young Savers Account

Profit Rate 12.03%

Open Account with Rs. 5

Specially designed for children under 18 years that teaches them financial discipline

See Details

Bank Al Habib Fixed Term Deposit

Profit Rate 19.5%

Open Account with Rs. 100

An account that offers you various options of deposit with an attractive rate of return

See Details

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