Bank AL Habib accounts compared: which account to open

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.

Which Bank AL Habib account should I open?

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

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.

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).

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.

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. To compare banks, see 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.

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 and 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.

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.

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.

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.

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. To read your IBAN, see IBAN number in Pakistan.

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