# Bank AL Habib accounts compared: which account to open

URL: https://which.pk/money/guides/bank-al-habib-accounts/
Author: Hassam
Updated: 18 Oct 2026

## Summary

From 1 August 2026, every Bank AL Habib rupee savings account pays 10% a year up to a Rs 10 million monthly average balance and 9.5% above. PLS Savings pays profit twice a year; Monthly Saver, Senior Citizen and Freelancer Savings pay monthly. The main current accounts have no maintenance fee (KFS, September 2026), but free services such as the PayPak card need a Rs 25,000 monthly average. Cheque leaves cost Rs 35 and SMS alerts Rs 255 a month.

## Key facts

- Savings rate (from 1 Aug 2026): 10% up to Rs 1 crore
- Maintenance fee (KFS, Sep 2026): Rs 0 on main current accounts
- Free services need: Rs 25,000 monthly average
- Cheque leaf (Jul–Dec 2026): Rs 35

The right Bank AL Habib account depends on whether you want profit and how often. All its rupee savings accounts pay **10% a year** up to Rs 1 crore (from 1 August 2026); they differ in whether profit comes monthly or twice a year. Its main current accounts pay no profit and have **no maintenance fee**, but free services need a **Rs 25,000** monthly average balance. If you have little paperwork, the **Asaan account** needs only a CNIC.

**Bank AL Habib savings rate, up to Rs 1 crore:** 10.00% a year (All rupee savings accounts, from 1 August 2026, on a monthly average balance up to Rs 10 million. Above that it is 9.50%.)

## Which Bank AL Habib account should I open?

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

| You want | Bank AL Habib account | Why |
|---|---|---|
| Profit, paid twice a year | PLS Savings | 10% up to Rs 1 crore; no initial deposit or minimum balance |
| Monthly profit | Monthly Saver | 10%, paid monthly; no limits on withdrawals |
| An everyday account | AL Habib Current or Current Plus | No maintenance fee; free services at Rs 25,000 average |
| An account with only a CNIC | Asaan Current or Asaan Saving | No initial deposit; Rs 3 million credit limit |
| To open online | AL Habib Digital Account | CNIC and self-declaration; no branch visit |
| An account at 60 or older | Senior Citizen Account | 10% monthly profit, free banker's cheques |
| To get paid from abroad as a freelancer | Freelancer Current or Savings | Linked foreign currency ESFCA; free IBFT through Raast |

Bank AL Habib offers Islamic versions of some accounts, including its digital accounts. We haven't covered its Islamic rates here; see [Islamic vs conventional banking](/money/guides/islamic-vs-conventional-banking/).

## What are the Bank AL Habib account types?

Rates are from the bank's rate sheet effective 1 August 2026, and features from its account pages (checked 18 Oct 2026).

| Account | Type | Profit (up to Rs 1 crore) | Profit paid | Balance rule |
|---|---|---|---|---|
| PLS Savings | Savings | 10.00% | Twice a year | No initial deposit or minimum |
| Monthly Saver | Savings | 10.00% | Monthly | No initial deposit or minimum |
| Asaan Saving | Savings | 10.00% | Twice a year | No minimum; Rs 3 million credit limit |
| Senior Citizen (60+) | Savings | 10.00% | Monthly | No initial deposit or minimum |
| Pensioner's Savings | Savings | 10.00% | Monthly | No initial deposit or minimum |
| Young Savers (under 18) | Savings | 10.00% | Twice a year | No initial deposit or minimum |
| Freelancer Savings | Savings | 10.00% | Monthly | No initial deposit or minimum |
| AL Habib Current | Current | None | n/a | Free services at Rs 25,000 average |
| Current Plus | Current | None | n/a | Free services at Rs 25,000 average |
| Apna Individual Current | Current | None | n/a | Free services at Rs 25,000 average |
| Asaan Current | Current | None | n/a | No minimum; Rs 3 million credit limit |
| Basic Banking | Current | None | n/a | No minimum; opens with Rs 1,000 |
| Signature Account | Current | None | n/a | Rs 1,800 a month below Rs 3 million average |

The **Rs 25,000 monthly average** is the test that matters on the everyday accounts. Keep it and the PayPak debit card is free, along with other perks that differ by account (free cheque books and banker's cheques on Current Plus). Miss it and you pay the normal charges below. The Remit account uses a lower Rs 5,000 test.

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

Every rupee savings account on the rate sheet pays the same rate, so pick by how often you want profit. These rates have applied since 1 August 2026.

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

The bank calculates profit on your monthly average balance, at a simple annual rate. Its rate sheet says the State Bank's minimum deposit rate covers only individuals with a monthly average up to Rs 10 million, which is why the rate drops above it. The **Young Savers** account pays 10.00% on the whole balance up to Rs 500,000.

If you can lock money away, a one-year fixed deposit paid 10.00% (from 11 August 2026) and the one-year **Mahana Munafa** deposit 10.75%. Longer terms paid less: 9.25% to 9.50% on fixed deposits of two to five years. Banks deduct tax on profit, and Bank AL Habib's netbanking can email you a tax certificate; see [tax on bank profit](/money/guides/tax-on-bank-profit/). To compare banks, see [savings account profit rates](/money/guides/savings-account-profit-rates/).

## What are Bank AL Habib current account benefits?

The bank's Key Fact Statement (updated September 2026) shows **Rs 0 maintenance fee** on four current accounts: AL Habib Current, Current Plus, Apna Individual and Asaan Current. None pays profit.

- **AL Habib Current:** for individuals and businessmen. No initial deposit; free mobile and net banking and e-statements; free PayPak card with a Rs 25,000 monthly average.
- **Current Plus:** free personalised cheque books, free banker's cheques and a free PayPak card with a Rs 25,000 monthly average. Its page also lists documents for partnerships and companies.
- **Apna Individual Current:** a personal account with the first 10-leaf cheque book free, up to 3 free banker's cheques a month and free life insurance (terms apply), at the same Rs 25,000 average.
- **Signature Account:** most services free, including the Visa Signature debit card, but you pay **Rs 1,800 a month** if your average falls below Rs 3 million.

The bank also gives account holders free life and disability cover up to their 90-day average balance, doubled for accidental death. An account with no activity for a year, including no app login, becomes dormant.

## What are Bank AL Habib account charges?

These are from the July to December 2026 schedule. Taxes come on top.

| Service | Charge |
|---|---|
| Maintenance fee (main current accounts) | Rs 0 |
| Withdrawal at another bank's ATM | Rs 35 |
| IBFT by app, netbanking or ATM | Free up to Rs 25,000 a month; then 0.1% or Rs 200, whichever is lower |
| Cash deposit at a Bank AL Habib CDM | Free |
| Cheque book | Rs 35 a leaf (free for pensioners) |
| Banker's cheque | Rs 600 |
| SMS alerts for branch transactions | Rs 255 a month (digital alerts free) |
| PayPak debit card, issuance or annual | Rs 2,750 (waived at Rs 25,000 average) |
| Visa Silver / Gold debit card | Rs 3,700 / Rs 4,500 |
| Stop payment | Rs 750 per instruction |
| Cheque returned, insufficient funds | Rs 1,000 |
| Statement on request (up to 6 months) | Rs 35 |

Several charges went up from July 2026: the cheque leaf from Rs 30 to Rs 35, the banker's cheque from Rs 550 to Rs 600 and SMS alerts from Rs 245 to Rs 255. A Rs 35 cheque leaf is higher than NBP's Rs 16. For how other banks compare, see [bank charges in Pakistan](/money/guides/bank-charges-pakistan/) and [NBP accounts](/money/guides/nbp-accounts/).

## What documents do I need to open a Bank AL Habib account?

Bank AL Habib's account pages (checked 18 Oct 2026) list these documents for a branch account:

- **Individual:** original CNIC with a verified copy, plus a job card or letter and salary slip if you are salaried, or any other proof of income.
- **Asaan account:** original CNIC with a verified copy only.
- **Sole proprietor:** original CNIC with a verified copy, a proprietary rubber stamp, an NTN copy attested by a notary public, trade body membership proof where it applies, and a request on business letterhead.
- **Partnership and company:** partners' or directors' CNICs, the partnership deed or the company's incorporation papers, and a letter or board resolution; see [business bank account in Pakistan](/money/guides/business-bank-account-pakistan/).

The bank has no initial deposit on most of these accounts. Basic Banking is the exception at Rs 1,000.

## How do I open a Bank AL Habib account online?

The **AL Habib Digital Account** portal is for resident Pakistani individuals. It opens the Asaan Digital, Digital (rupee or foreign currency), Remit, Woman, Woman Asaan and Freelancer Digital accounts, in conventional or Islamic versions.

1. **Start the application on Bank AL Habib's website.** You need your CNIC and a self-declaration of your income and profession.
2. **Choose the account.** None of the digital accounts needs an initial deposit or a minimum balance.
3. **Do your biometric verification.** Use the AL Habib Biometric Verification app, so you don't have to visit a branch, or do it at a branch.
4. **Wait for the decision.** The bank says it will accept or decline within two days, and may send a video call link to check your details.

If you open an Asaan Digital Account, you can't hold any other account with the bank. For other banks' apps, see [open a bank account online](/money/guides/open-bank-account-online/).

## What is the Bank AL Habib Asaan account limit?

The branch **Asaan Current** and **Asaan Saving** pages list a total credit limit of **Rs 3 million** and a total debit limit of **Rs 1 million a month**. Both open with only a CNIC and have no initial deposit or minimum balance. The savings version pays 10% twice a year.

**The digital Asaan account has a lower limit:** The AL Habib Digital Account FAQ lists the Asaan Digital Account at Rs 1 million credit and Rs 1 million debit a month. So the branch Asaan account can hold more than the digital one. Ask the bank before you rely on the digital account for larger amounts. For how other banks set these limits, see [Asaan account](/money/guides/asaan-account/).

## Which Bank AL Habib account suits seniors, children and freelancers?

- **Senior Citizen (60 and above):** no initial deposit, monthly profit at 10% and free banker's cheques. In a joint account, one holder must be 60 or older.
- **Pensioner's accounts:** free PayPak card, cheque book and SMS alerts; the savings version pays monthly profit.
- **Young Savers (under 18):** opened with a parent's or guardian's CNIC; pays 10% twice a year, the first 10-leaf cheque book is free, and the child's debit card allows Rs 3,000 a day at ATMs.
- **Freelancer Current and Savings:** no initial deposit, up to 3 free banker's cheques a month, free IBFT through Raast and a foreign currency ESFCA (Exporter's Special Foreign Currency Account). The current account opens online or at a branch.

For other ways to receive money from clients, see [freelancer payment methods](/business/guides/freelancer-payment-methods-pakistan/). To read your IBAN, see [IBAN number in Pakistan](/money/guides/iban-number-pakistan/).

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/), [best bank in Pakistan](/money/guides/best-bank-in-pakistan/), [Money](/money/).

## Questions people ask

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

From 1 August 2026, all Bank AL Habib rupee savings accounts, including PLS Savings, Monthly Saver, Senior Citizen, Asaan Savings and Freelancer Savings, pay 10.00% a year on a monthly average balance up to Rs 10 million and 9.50% above it.

### What documents do I need to open a Bank AL Habib account?

An individual needs an original CNIC with a verified copy and proof of income, such as a job letter and salary slip. A sole proprietor adds a rubber stamp, an NTN copy attested by a notary public and a request on business letterhead. The Asaan account needs only a CNIC.

### Can I open a Bank AL Habib account online?

Yes. Resident Pakistanis can open Asaan Digital, Digital, Remit, Woman and Freelancer accounts on Bank AL Habib's website with a CNIC and a self-declaration of income, with no initial deposit. Biometric verification can be done in the bank's app.

### What are Bank AL Habib current account charges?

The main current accounts have no maintenance fee (KFS, September 2026). Under the July to December 2026 schedule, cheque leaves cost Rs 35, branch SMS alerts Rs 255 a month and the PayPak card Rs 2,750, though the card fee is waived if you keep a Rs 25,000 monthly average.

### Does Bank AL Habib give monthly profit?

Yes. The Monthly Saver, Senior Citizen, Pensioner's Savings, Freelancer Savings and Remit Savings accounts pay profit every month, at the same 10.00% rate up to Rs 10 million (from 1 August 2026). PLS Savings and Asaan Savings pay twice a year.

## Sources

- [Profit Rates on Deposits, effective 1 August 2026](https://www.bankalhabib.com/files/documents/deposit-rate-sheet_10082026.pdf), Bank AL Habib (accessed 18 Oct 2026)
- [Schedule of Bank Charges, July to December 2026](https://www.bankalhabib.com/files/download/reports/SOC-july-dec-2026-english.pdf), Bank AL Habib (accessed 18 Oct 2026)
- [Key Fact Statement, current accounts (September 2026)](https://www.bankalhabib.com/files/documents/Current-Account-KFS.pdf), Bank AL Habib (accessed 18 Oct 2026)
- [Current Accounts](https://www.bankalhabib.com/accounts/current), Bank AL Habib (accessed 18 Oct 2026)
- [Saving Accounts](https://www.bankalhabib.com/accounts/saving), Bank AL Habib (accessed 18 Oct 2026)
- [AL Habib Digital Account](https://www.bankalhabib.com/alhabib-digital-account), Bank AL Habib (accessed 18 Oct 2026)
- [AL Habib Netbanking](https://www.bankalhabib.com/netbanking), Bank AL Habib (accessed 15 Oct 2026)