UBL is one of Pakistan’s largest non-public quarter bank with its headquarters located in Karachi, Pakistan, installed in 1959 the financial institution has a total of 1390 home branches with 19 offshore branches. The Bank enjoys a diverse consumer baser of four million humans throughout the world.
UBL affords its clients with the ease of net banking services to manipulate their finances from wherever they favor to.
Some of the points are referred to below:
- Funds Transfer
- Payment of Utility bills
- Mobile Top-up / Vouchers
- Online Shopping payment
- Funds Investment
- School Fee Payments
- Payment of UBL loans
Let’s look at 3 different types of account you can open at UBL:
- Current account
- Savings account
- Asaan account
Current Account:
There are 2 types of people who can apply for a current account at UBL:
- Salaried individual (Age limit: 18 to 70 years old)
- Business owner (Age limit: 18 to 70 years old)
Salaried individual:
To apply for a current account at UBL, you need to collect the following documents:
- CNIC
- Proof of employment (through an employment verification letter)
- Copy of your utility bills
Business owner:
Collect and submit the following documents to the bank if you want to open a current account at UBL:
- CNIC
- Proof of business
After you’ve submitted these documents, you’d also need to pay a minimum fee of 1000 PKR for account opening and will also need to maintain a minimum balance of 1000 PKR for account maintenance.
Features of Current Account:
- Inter Branch Online Transactions all across the country
- Debit/ATM Card Annual fee
- Issuance of CBC
- Issuance of Cheque Book
- Cash Deposit over the counter
- Cancellation of CC/CBC
- Clean bill for Collection/Intercity Clearing
- Duplicate Cashier’s Cheque/CBC
- Duplicate Account Statement
- Issuance of RTC (Rupee Traveler’s check)
Savings Account:
There are 2 types of people who can apply for a savings account at UBL:
- Salaried individual (Age limit: 18 to 70 years old)
- Business owner (Age limit: 18 to 70 years old)
Salaried individual:
To apply for a savings account at UBL, you need to collect the following documents:
- CNIC
- Proof of employment (through an employment verification letter)
- Copy of your utility bills
Business owner:
Collect and submit the following documents to the bank if you want to open a savings account at UBL:
- CNIC
- Proof of business
After submitting these documents you’d also need to pay a minimum fee of 100 PKR for account opening while no minimum balance is required for account maintenance.
The projected profit rates for UBL saving account applicable from the month of august are 11.25%
Features of Savings Account:
- No limitation on withdrawals
- Profit payment is on half-yearly basis.
- Profit is calculated on a monthly average balance.
Asaan Account:
You can also open an Asaan Account if you’re not the type of person who likes to deal with the arduous intricacies of account opening documentation.
You can open your Asaan Account with 100 PKR and the only documentation required is your CNIC.
Features of Asaan Account:
- The flexibility of Opening Current or Savings Account
- No minimum balance required
- Free Debit Card issuance.
- No Service Charges for account opening or closing
- Total Debit per month up to 500,000 PKR.
- Total credit balance limit up to 500,000 PKR.
In all these are 3 accounts you can apply for at UBL, if you feel interested, visit your nearest UBL branch to apply.