Askari Bank Ltd is a commercial and retail bank owned by the Fauji Foundation. Its inauguration took place on 9th October, 1991 and its branches are spread out across the country.
Askari Bank has a wide network of branches across Pakistan and provides conventional as well as Islamic banking services to its customers.
Along with its offline branches, the bank also provides a wide variety of services through its internet banking and mobile banking, some of which are cited below:
- Mobile payments
- Purchase of mobile air time
- Account statements
- Online registration
- Transferring of funds to any account within Askari Bank
- Inter Bank Fund Transfer facilities.
- Askari Master Card bill payment
- Email alerts
- Payment of utility bills
- SMS alerts
Askari Bank has received several awards for its banking and internet banking services over the years. The bank has also received recognition from Global Finance and other international organisations for its banking services.
If you wish to be a customer of the bank, then you’re at the right place since we will clearly elaborate in very simple and concise terms on how to open different types of accounts in Askari Bank.
Askari Bank now also provides digital account opening facilities, which means eligible customers can open an account without visiting a branch through the Askari Digital Account Opening Mobile App.
Types of accounts:
- Current account.
- Savings account.
- Little champ account
Current Account:
To open a current account in Askari Bank, you need to have some documents for the application procedure as per your account type and eligibility. Askari Bank also provides digital account opening for eligible customers through its online account opening facility.
For customers who want to open an account from home, the Askari Click Account is one of the convenient options. It is a digital current account which can be opened remotely through the Askari Digital Account Opening Mobile App without visiting a branch.
The Askari Click Account is available for individual resident Pakistanis who are 18 years or older. There is no initial deposit requirement and no minimum balance requirement for this account. Customers can complete the application through the mobile app using their CNIC, mobile number, email address and biometric verification.
Salaried Employee:
To open a current account as a salaried/employed individual, you may need to provide the following records depending on the selected account and bank requirements.
- CNIC and its copy.
- Proof of employment.
- Copy of your utility bills or other required proof of address.
Business owner:
If you are a business owner looking to open a current account at Askari Bank, you may need the following documents for application.
- CNIC and its copy.
- Proof of business ownership.
- Other documents required according to the type of business and account.
The required documents, initial deposit and other conditions can be different for different Askari Bank current accounts. Therefore, customers should check the requirements of their selected account before applying.
Features of current account:
- Cheque book facility.
- Debit card facility.
- Internet and mobile banking.
- SMS alert services.
- E-statement facility.
- Fund transfer facilities.
- No minimum balance requirement on selected accounts.
- Digital account opening facility for eligible customers.
The Askari Click Account is also available for customers who want to open an account from home. There is no need to visit a branch for opening this account. The account can be opened through the Askari Digital Account Opening Mobile App after completing the required verification process.
Savings account:
Opening a savings account is similar to opening a current account, but the features and profit payment terms can be different according to the selected savings account.
Askari Bank offers different savings accounts for customers, including accounts for general customers, remittance customers, women and other customer categories.
Salaried employee:
As a salaried employee, you may have to present the following documents at the time of application.
- CNIC and its copy.
- Proof of employment.
- Copy of utility bills or other required proof of address.
Entrepreneur/Business owner:
If you own a business or have your own start-up, make sure to bring your:
- CNIC and its copy.
- Proof of Business.
- Other documents required by the bank according to the selected account.
Features of Savings Account:
- Profit payment according to the selected savings product.
- SMS alerts for transactions.
- Profit rate depends upon the selected account and prevailing bank rates.
- Free or applicable e-statements depending on the account.
- Internet and mobile banking facilities.
- Fund transfer and other digital banking facilities.
The initial deposit and minimum balance requirements can be different for different savings accounts. Some Askari Bank savings accounts can be opened with a minimum initial deposit of Rs.100, while other accounts may have different requirements.
The profit rate is also not fixed at 8% as mentioned in older information. It can change according to the selected savings product and prevailing profit rates of the bank.
Little Champ account:
Askari Bank also provides its minor customers below the age of 18 with their very own savings account called the “Little Champ Account”.
A child needs the guidance and supervision of a parental/legal guardian to open this account and avail its facilities.
The account can be opened with an initial deposit of 100 PKR.
To apply
You need to bring the required documents to your nearest Askari Bank branch. The account is opened with the help of a parent or legal guardian.
- B-Form or other required identification document.
- CNIC or national identity document of the parent/legal guardian.
- Other documents required by the bank.
Features of Little champs account:
- Minimum initial deposit of Rs.100.
- Free first cheque book, according to applicable terms.
- Free debit card issuance, according to applicable terms.
- Internet Banking services.
- E-statement facility.
- SMS alerts on digital transactions.
- Semi-annual profit payment for the savings account.
- Education insurance plan subject to applicable conditions.
The Little Champs Account is designed for minors below the age of 18 and requires the help of a parent or legal guardian.
So if you want to open your little champs account, head on straight to your nearest Askari Bank with your parents to apply.
For customers who want convenient banking services and digital account opening, Askari Bank also provides products such as the Askari Click Account. The facility to open an account remotely from home makes Askari Bank a strong option for customers looking for the best bank in Pakistan according to their banking needs.