Asaan Bank Account, Opening a Bank Account has become certainly every one need to cater his her financial needs through secure way.
In recent times it becomes a bit difficult to fulfill Account opening documentation formalities specially for Student/Housewives/Unemployed Individual/Daily Wager’s or Low-income person’s etc mainly due to unavailability of Source of Income document which is one of the main document to open a normal category Current or Saving Accounts.
Asaan Account was launch by State Bank of Pakistan vide BPRD Circular No. 11 of 2015 to cater.
What is the minimum balance through which Asaan Account can be open
Asaan Account can be open with a minimum of 100 rupees amount.
What type of Category and nature Asaan Account can be open
Asaan Account can be open in Both Current and Saving Category, In Saving Category customer will get Profit as per Bank policies from time to time.
What documents are required to Open Asaan Account.
Only Nadra issued ID is required to open Asaan Account, Hence it does not require any additional document like source of income for Account opening. Since the product is tailored to facilitate a specific target market who does have any proper source of income and require Bank Account to meet there day to day needs.
Can Asaan Account be opened Singly or Jointly
Customer can open Asaan Account both Singly or Jointly based on their needs.
Limitation related to Limit’s/Turn over
Since this Asaan Account product is made for low income people hence the only limitation it has is as follow’s
Total Debit per month Rs:500,000/-
Total Credit Balance Limit Rs:500,000/-
Indeed many people specially Student’s are at ease to open Asaan Account because of it’s easy documentation process, Just like normal Account’s Customer can avail ATM services and Online Banking facility too and also can use cheque book to make transaction’s.
Bank’s are marketing this Asaan Account Category specially to lower income person’s, even illiterate person’s can open Photo Account in Asaan category to cater their financial needs.