Allied Bank accounts compared: which account to open

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.

Which Allied Bank account should I open?

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

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).

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.

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 and monthly profit on Rs 1 lakh to 1 crore.

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.

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.

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:

For how these compare across banks, see bank charges in 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.

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 and 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.
• 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.

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.

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.

More guides: HBL accounts, UBL accounts, MCB accounts, Meezan Bank accounts, Faysal Bank accounts, savings account profit rates, best bank in Pakistan, Money.