UBL Initiates Rs.100 Asaan Account

 Features:

• Flexibility of Opening Current or Savings Account
• No minimum balance required
• No Fee for Debit Card Issuance
• No Service Charges for account opening or closing
• Any of the following documents may be used as a proof of Identity for opening of Asaan Account :-

1- Computerized/ Smart National Identity Card (CNIC/ SNIC)

2- Pakistan Origin Card (POC)

Rules of the Account:

• UBL Asaan Accounts are meant for resident individuals having Pakistani Nationality only
• One CNIC holder is entitled to One UBL Asaan Account (either as single or jointly operated)
• A Regular UBL Accountholder cannot open a UBL Asaan account (in either single or joint account category).
• Transaction Limits/ Turnover:-

1 – Total Debit per Month: Rs. 500,000/-

2 – Total Credit Balance Limit: Rs. 500,000/-

• Exceptions for Transaction Limits/ turnover:-

1- Inward Remittances

2- Credit of Profit Return on UBL Asaan Saving Account

3- Bank Charges, government taxes or levies from competent authority

• Restriction on cross border (outward) transactions except for Card based-accounts subject to above specified Transaction limits/ Turnover.
• Profit on UBL Asaan Saving Account will be disbursed at minimum savings rate; profit is credited on half-yearly basis and is calculated on monthly average balance.

HBL Start’s HBL Rs.100 Asaan Account