Choosing the Right bank to open an account is important. It is because doing so will ensure the safety of your deposits. Luckily, many banks offer some amazing services to safeguard your money. However, some of them may not provide the facilities that you are looking for.
This is where Askari Bank Limited comes in. The best consumer internet bank that covers your every need and ensures you complete peace of mind.
Owned by Fauji Foundation, it is one of the most trusted banks in Pakistan. The process of the Askari Bank account opening is quite simple. Plus, it wouldn’t require much of your time to set up an Askari Special Deposit Account. You can also use Askari Bank online-registration to open an account.
- 1 Askari Bank LTD Account Opening
- 2 Askari Bachat Account
- 3 Askari Special Deposit Account
- 4 Little Champ Account
- 5 Conclusion
Askari Bank LTD Account Opening
There are a number of reasons why you should consider Askari Bank Limited when opening an account. It offers impeccable banking services to its clients including atm & credit card services. The bank employs an excellent staff who works dedicatedly to solve the issues of its customers. Moreover, it has received the award of, ‘Best Retail Bank in Pakistan’ twice in 2004 and 2005. The bank has also been listed on Pakistan Stock Exchange (PSX).On top of that, it gives multiple facilities to clients through its online/mobile banking. You can activate this feature by calling the Askari customer helpline number. Some of the services that the Mobile net banking app gives are as follows,
- Mobile Top-up
- Account Statement
- Mobile Payments
- Utility bill payments
- Fund transfer
- SMS alerts
- Askari Master credit card Bill Payment
- Email alerts
- Inter-Bank Funds Transfer (IBFT)
- ATM Locator for Cash Withdrawal
- Loan Details
If you want to become a customer of AskariBank Limited then you are at the right place. In this guide, I’ll be discussing how you can open an account in this bank. So, without further ado, let’s begin!
Types of Accounts
There are five types of accounts that you can open in Askari Bank Limited, and they are the following.
- Value Plus Current Account
- Askari Bachat Account
- Askari Special Deposit Account
- Little Champs Account
Value Plus Current Account
If you wish to open a Value Plus Current Account in Askari Bank then you need to gather some important documents first. There is also the option of Askari Bank online-registration where you can get to know all the documents needed to set up an account. Furthermore, you can use your mobile phone to visit the banking website for more details.
There are two types of people who can open a current account in Askari Bank
- Salaried Employee: (Age Limit: 21 to 60-year old)
- Businessperson: (Age Limit: 21 to 65-year old)
If you are a salaried employee then you need to bring the following documents to commence the Askari Bank account opening process.
- Proof of Employment
- Original CNIC along with its 2 copies
- Copy of your utility bills
To open an account as a business owner, you must bring the following records to your nearest Askari Bank branch.
- Proof of business ownership
- Original CNIC, along with its two copies
Note: After you have filled out the form and submitted the required documents, you will have to pay a fee of a minimum of 100 PKR.
Features of Value Plus Current Account
- Issuance of debit card
- Online fund transfer facility
- Internet banking facility
- SMS Alerts
- Issuance of Cheque Books
- Issuance of Pay Orders / Demand Drafts
- Allocation of Lockers
Askari Bachat Account
Opening an Askari Bachat Account is quite similar to Value Plus Current Account. You can also use Askari Bank online registration to set up your account. There are two types of people who can apply for the Askari Bachat Account and they are
- Salaried Employee: (Age Limit: 21 to 60-Year Old)
- Business Owner: (Age Limit: 21 to 60-Year Old)
If you want to open an Askari Bachat Account as a salaried employee then you will have to present the following documents.
- Original CNIC with its 2 copies
- Employment Letter
- Copy of your utility bills
If you want to start the Askari Bank account opening process as a business owner then you will have to offer the following documents.
- Proof of Business
- Original CNIC, along with its 2 copies
Features of Askari Bachat Account
- Issuance of Debit Card
- Insurance coverage
- Online fund transfer facility
- Issuance of cheque books
- Pay order / Demand draft
The only difference between Askari Bachat Account and Value Plus Current Account is that the former gives its users an interest rate that is announced twice a year.
Askari Special Deposit Account
You can also open the Askari Special Deposit Account from Value Plus Current Account and Askari Bachat Account.
Individuals, public and private limited companies, partnership firms, corporations, and government organizations are all eligible to open an Askari Special Deposit Account.
- Below Rs. 5.000 M – 10.95% pa
- From Rs. 5.000 M to Rs. 19.999 M – 11.50% pa
- From Rs. 20.000 to Rs. 49.999 M – 12.00% pa
- From Rs. 50.000 to Rs. 99.999 M – 12.50% pa
- Above Rs. 100.000 M – 13.00% pa
Note: Profit Payout will be at maturity
Little Champ Account
Now your kids can become bank account holders thanks to Askari’s Little Champ Account. It is a savings account for customers below the age of 18. A parent or a legal guardian must open this account for the child. If you want to open this account, you need the following documents.
- Student ID Card or B-Form
- A photocopy of CNIC issued by NADRA
Features of Askari Little Champs Account
- Free Cheque book
- Moneybox as a welcome gift
- SMS alert service
- Internet banking services
- High return on savings account
Askari Bank-Limited is one of the most trusted banks in Pakistan for a reason. I personally have an account there and have never faced any issues. Their net banking service is awesome. And security practices are great. Their staff members are highly cooperative and polite; they all work collectively to help you with your banking matters. What do you think about their amazing services? Let me know by commenting down below!