# Allied Bank accounts compared: which account to open

URL: https://which.pk/money/guides/allied-bank-accounts/
Author: Hassam
Updated: 19 Oct 2026

## Summary

From 1 October 2026, Allied Bank's rupee savings accounts, including PLS Savings, Asaan Saving, Senior Citizen, Khanum and Freelancer savings, pay 10% a year up to a Rs 10 million monthly average and 9.5% above. The Allied Islamic Saving Account paid 6.63% for August 2026. The Easy Current Account has no minimum balance or maintenance fee; the regular Current Account charges Rs 50 a month below a Rs 25,000 average. Other banks' ATMs cost Rs 35.

## Key facts

- Savings rate (from 1 Oct 2026): 10% up to Rs 1 crore
- Islamic saving (Aug 2026): 6.63%
- Other bank's ATM (Jul–Dec 2026): Rs 35
- Free transfers to other banks: Up to Rs 25,000 a month

The right Allied Bank account depends on whether you want profit. Its rupee savings accounts all pay **10% a year** up to Rs 1 crore (from 1 October 2026), and differ mainly in how often profit is paid. For an everyday account with no maintenance fee, the **Allied Easy Current Account** has no minimum balance and no maintenance charge. If you have only a CNIC and no income papers, the **Allied Asaan Account** is the one to open.

**Allied Bank savings rate, up to Rs 1 crore:** 10.00% a year (PLS Savings, Asaan Saving, Senior Citizen, Khanum and Freelancer savings, from 1 October 2026, on a monthly average balance up to Rs 10 million. Above that it is 9.50%.)

**Where these details come from:** Allied Bank's website blocked our automated checks on 19 October 2026. Rates and charges below are from Allied Bank's own October 2026 rate sheet and July to December 2026 schedule of charges, which we read earlier in October. Account features are from Allied Bank's account pages as saved by the Wayback Machine between April and August 2026. Confirm any fee at the branch before you rely on it.

## Which Allied Bank account should I open?

Start from what you need. Each account is explained further down.

| You want | Allied Bank account | Why |
|---|---|---|
| Profit, paid twice a year | PLS Savings | 10% up to Rs 1 crore; no minimum balance |
| Monthly profit on a large balance | Platinum Rewarding Profit | 10% up to Rs 1 crore, paid monthly; cheque book and full access |
| An everyday account with no maintenance fee | Easy Current | No minimum balance, no maintenance charge; opens with Rs 1,000 |
| An account with only a CNIC | Asaan (current or saving) | No proof of income; Rs 3 million credit limit |
| An account at 18 to 35 | Youth or Youth Asaan | No fee at a low average balance; Youth Asaan has no charges |
| An account at 55 or older | Senior Citizen | 10% savings variant, insurance and lab discounts |
| An account for a child | Rising Star | Under 18, with a parent or guardian; opens with Rs 100 |
| To get paid from abroad as a freelancer | Freelancer | Linked dollar account for up to 50% of earnings |

## What are the Allied Bank account types?

Profit rates are from the rate sheet effective 1 October 2026. Features are from the account pages (April to August 2026 copies).

| Account | Type | Profit (up to Rs 1 crore) | Profit paid | Balance rule |
|---|---|---|---|---|
| PLS Savings | Savings | 10.00% | Twice a year | No minimum balance |
| Asaan Saving | Savings | 10.00% | Twice a year | No minimum; Rs 3 million credit turnover a month |
| Platinum Rewarding Profit | Savings (current-style) | 10.00% | Monthly | Meant for higher balances |
| Senior Citizen (55+) | Savings or current | 10.00% on savings | Not stated | Rs 100,000 average for free services on savings |
| Khanum (women) | Savings or current | 10.00% on savings | Monthly | No minimum balance |
| Rising Star (under 18) | Savings | 10.00% | Daily, to a wallet account | Opens with Rs 100 |
| Freelancer | Savings or current | 10.00% on savings | Twice a year | No minimum; foreign remittances only |
| Allied Current | Current | None | n/a | Rs 50 a month below Rs 25,000 average |
| Easy Current | Current | None | n/a | No minimum, no maintenance charge |
| Asaan (current) | Current | None | n/a | No minimum; Rs 3 million credit limit |
| Basic Banking | Current | None | n/a | 2 free deposits and 2 free withdrawals a month |
| Youth (18 to 35) | Current | None | n/a | Rs 50 a month below Rs 10,000 or Rs 50,000 average |
| Express | Current | None | n/a | For home remittances only; no initial deposit |

The rate drops to **9.50%** above a Rs 10 million monthly average because the State Bank's minimum savings rate, currently 10.00%, covers only individuals up to that balance (from 1 August 2026). Islamic accounts are different, see below.

## What is the Allied Bank saving account profit rate in 2026?

From 1 October 2026, every main rupee savings account on Allied Bank's rate sheet pays the same rate, so pick by how often you want the profit.

| Monthly average balance | Rate |
|---|---|
| Up to Rs 10 million | 10.00% |
| Above Rs 10 million | 9.50% |

On Rs 1 lakh at 10%, that is about Rs 10,000 a year before tax. Banks deduct tax on profit; see [tax on bank profit](/money/guides/tax-on-bank-profit/) and [monthly profit on Rs 1 lakh to 1 crore](/money/guides/bank-profit-per-month/).

If you can lock money away, the **Allied Express Plus 1** term deposit pays **9.50%** for one year at maturity, or 9.10% with monthly profit, on the same 1 October 2026 sheet. The **Allied Term Plus** deposit pays less: 8.50% for one year and 7.75% for five years. For other banks' term rates, see [fixed deposit rates in Pakistan](/money/guides/fixed-deposit-rates-pakistan/).

### Allied Bank Islamic savings rate

Allied Bank's Islamic branches declare profit after each month ends, so there is no fixed rate. The **Allied Islamic Saving Account** paid **6.63%** for August 2026, 7.65% for July and 6.69% for June. That is well below the 10% on the conventional accounts, because Islamic savings aren't covered by the State Bank's minimum-rate rule. For the difference, see [Islamic vs conventional banking](/money/guides/islamic-vs-conventional-banking/).

## What are Allied Bank current account charges?

The everyday choice is between two current accounts:

- **Allied Current Account:** opens with Rs 1,000. You pay **Rs 50 a month** if your monthly average falls below **Rs 25,000**. Keep Rs 250,000 or more and online deposits and withdrawals, pay orders, demand drafts and other services become free.
- **Allied Easy Current Account:** opens with Rs 1,000, with **no minimum balance and no maintenance charge**. It includes free online deposits, withdrawals and account-to-account transfers, and Visa, UnionPay or PayPak debit cards.

These charges are from the July to December 2026 schedule:

| Service | Charge |
|---|---|
| Withdrawal at an Allied Bank ATM | Free |
| Withdrawal at another bank's ATM | Rs 35 (includes FED) |
| Transfer to another bank (IBFT) by ATM or myABL | Free up to Rs 25,000 a month; then 0.1% or Rs 200, whichever is lower |
| Raast transfer | Free |
| UPI PayPak Basic debit card, a year | Rs 2,200 |
| UPI & PayPak Classic / Gold debit card | Rs 2,900 / Rs 3,200 |
| Visa Classic / Platinum debit card | Rs 3,000 / Rs 6,000 |
| SMS alerts for branch transactions | Rs 250 a month (current), Rs 425 (savings) |

For how these compare across banks, see [bank charges in Pakistan](/money/guides/bank-charges-pakistan/).

## What documents do I need to open an Allied Bank account?

Allied Bank's account pages list:

- **Regular accounts** (Current, Easy Current, PLS Savings, Platinum, Youth): CNIC, SNIC or NICOP, plus proof of income.
- **Asaan, Asaan Saving, Youth Asaan and Express:** CNIC only. No proof of income.
- **Rising Star (child):** the child's B-form or juvenile card, the guardian's CNIC and the parent's or guardian's proof of income.
- **Freelancer:** CNIC and an undertaking that the money comes from freelance work. Its FAQ also accepts a self-declaration, your platform name and client agreements as proof of income.

Under the State Bank's 2025 onboarding rules, a bank must accept or decline your application **within 2 working days** of getting complete documents and give you a tracking ID. Allied Bank says an Easy Current Account is regularised within 1 to 2 working days.

## How do I open an Allied Bank account online?

Allied Bank's **myPakistan Digital Account** lets residents of Pakistan open an account without a branch visit.

1. **Start on Allied Bank's website or the myABL app.** Choose myPakistan Digital Account.
2. **Pick the account.** The options are Asaan Digital, Asaan Digital Remittance, Freelancer Digital, savings or current.
3. **Enter your CNIC details and finish biometric verification.** Every bank must verify you through NADRA before opening an account.
4. **Keep the tracking ID.** The bank must give one and decide within 2 working days of complete documents.

Allied Bank's digital account page doesn't list the documents or limits for each option. An Asaan account at any bank is capped at **Rs 3 million** credit balance and **Rs 1 million** of debits a month, and you can hold only one per bank. For other banks' apps, see [open a bank account online](/money/guides/open-bank-account-online/) and [Asaan account](/money/guides/asaan-account/).

## Which Allied Bank account suits seniors, children, women and freelancers?

- **Senior Citizen (55 and above):** savings or current, regular or Asaan. Free services need a Rs 50,000 average on current or Rs 100,000 on savings, or you pay Rs 140 a month. It includes accidental death and disability cover (up to Rs 500,000 on current, Rs 300,000 on savings), hospital cover and up to 30% off at partner labs.
- **Rising Star (under 18):** run with a parent or guardian. It opens with **Rs 100**, credits profit daily to a separate wallet account and caps a single withdrawal at Rs 100,000. See [student bank accounts](/money/guides/student-bank-account-pakistan/).
- **Youth (18 to 35):** a current account with a Visa debit card and two free online transactions a month. There's no fee if you keep **Rs 10,000** (ages 18 to 25) or **Rs 50,000** (26 to 35); otherwise Rs 50 a month. The **Youth Asaan** version needs only a CNIC and has no monthly charges.
- **Khanum (women):** savings or current, with no maintenance charge or minimum balance, monthly profit on savings and 50% off locker rent in the first year.
- **Freelancer:** for residents paid from abroad for online work. It takes only foreign remittances, no cash deposits. A linked foreign currency account (ESFCA) lets you keep **up to 50%** of earnings in dollars. See [freelancer payment methods](/business/guides/freelancer-payment-methods-pakistan/).

**Youth Asaan limit:** Allied Bank's Youth Account FAQ gives the Youth Asaan Account a Rs 1,000,000 limit. The State Bank's rules let Asaan accounts hold up to Rs 3 million, as Allied Bank's main Asaan Account does. Ask the branch which limit applies before you rely on it.

## How do I find my Allied Bank IBAN and stop zakat?

Allied Bank has an online **IBAN generator**; its IBANs carry the bank code **ABPA**. See [IBAN number in Pakistan](/money/guides/iban-number-pakistan/).

Zakat is deducted from savings accounts on the first day of Ramazan. To stop it, Allied Bank needs a **CZ-50** declaration, the original or a notary-attested copy, at least 30 days before the deduction date. See [zakat deduction from bank accounts](/money/guides/zakat-deduction-bank/).

More guides: [HBL accounts](/money/guides/hbl-accounts/), [UBL accounts](/money/guides/ubl-accounts/), [MCB accounts](/money/guides/mcb-accounts/), [Meezan Bank accounts](/money/guides/meezan-bank-accounts/), [Faysal Bank accounts](/money/guides/faysal-bank-accounts/), [savings account profit rates](/money/guides/savings-account-profit-rates/), [best bank in Pakistan](/money/guides/best-bank-in-pakistan/), [Money](/money/).

## Questions people ask

### What is the Allied Bank saving account profit rate in 2026?

From 1 October 2026, PLS Savings, Asaan Saving, Senior Citizen, Khanum and Freelancer savings pay 10.00% a year up to a Rs 10 million monthly average balance and 9.50% above it. The Allied Islamic Saving Account paid 6.63% for August 2026.

### What documents do I need to open an Allied Bank account?

A CNIC (or SNIC or NICOP) and proof of income for regular accounts. The Asaan, Youth Asaan and Express accounts need only a CNIC. A child's Rising Star account needs the child's B-form or juvenile card, plus the guardian's CNIC and proof of income.

### Can I open an Allied Bank account online?

Yes. Residents of Pakistan can open an Asaan Digital, Freelancer Digital, savings or current account through Allied Bank's myPakistan Digital Account portal or the myABL app, without visiting a branch.

### What are Allied Bank account charges?

Under the July to December 2026 schedule, cash from another bank's ATM costs Rs 35, transfers to other banks are free up to Rs 25,000 a month, and Raast is free. Debit cards cost Rs 2,200 to Rs 6,000 a year. The regular Current Account charges Rs 50 a month below a Rs 25,000 average balance.

### Does Allied Bank give monthly profit?

Yes, on the Platinum Rewarding Profit Account and the Khanum savings variants. PLS Savings and Asaan Saving pay profit twice a year, and the Rising Star children's account credits profit daily to a separate wallet account.

## Sources

- [Projected Profit Rates, October 2026](https://www.abl.com/wp-content/uploads/2026/10/Projected-Profit-Rates-October-2026.pdf), Allied Bank (accessed 18 Oct 2026)
- [Schedule of Charges, July to December 2026 (Conventional Banking)](https://www.abl.com/wp-content/uploads/2026/06/Schedule-of-Charges-Jul-Dec-2026-Conventional-Banking.pdf), Allied Bank (accessed 15 Oct 2026)
- [Profit Rates for Islamic Banking, August 2026](https://www.abl.com/wp-content/uploads/2026/09/08-Profit-Rates-for-Islamic-Banking-August-2026.pdf), Allied Bank (accessed 10 Oct 2026)
- [Allied Current Account (copy of 22 Apr 2026)](https://web.archive.org/web/20260422012712/https://www.abl.com/personal/accounts/current/current-account/), Allied Bank via Wayback Machine (accessed 19 Oct 2026)
- [Allied Easy Current Account (copy of 1 Aug 2026)](https://web.archive.org/web/20260801215412/https://www.abl.com/personal/accounts/current/allied-easy-current-account/), Allied Bank via Wayback Machine (accessed 19 Oct 2026)
- [Allied Senior Citizen Account (copy of 16 Aug 2026)](https://web.archive.org/web/20260816165736/https://www.abl.com/personal/accounts/exclusive-account/allied-senior-citizen-account/), Allied Bank via Wayback Machine (accessed 19 Oct 2026)
- [Allied Freelancer Account (copy of 21 Aug 2026)](https://web.archive.org/web/20260821051603/https://www.abl.com/personal/accounts/current/allied-freelancer-account/), Allied Bank via Wayback Machine (accessed 19 Oct 2026)
- [myPakistan Digital Account](https://www.abl.com/personal/digital-banking-services/myabl-digital-banking/mypakistan-digital-account/), Allied Bank (accessed 15 Oct 2026)
- [Consolidated Customer Onboarding Framework](https://www.sbp.org.pk/bprd/2025/C1-Consolidated-Customer-Onboarding-Framework.pdf), State Bank of Pakistan (accessed 15 Oct 2026)