# Meezan Bank accounts compared: which account to open

URL: https://which.pk/money/guides/meezan-bank-accounts/
Author: Hassam
Updated: 17 Oct 2026

## Summary

Meezan Bank's rupee savings accounts for individuals, including Rupee Savings, Bachat, Asaan Savings and the digital accounts, paid 6.63% a year for September 2026 on balances up to Rs 10 million. Rates are declared monthly and ranged from 6.33% to 7.04% between January and September 2026. The Rupee Current and Asaan Current accounts open with Rs 100, pay no profit and have no low-balance deduction. Asaan accounts hold up to Rs 3 million, and the Bachat Account needs Rs 50,000 to open.

## Key facts

- Savings rate (Sep 2026): 6.63% up to Rs 1 crore
- Minimum to open: Rs 100 (Bachat Rs 50,000)
- Low-balance fee (Jul–Dec 2026): None on Rupee Current
- Asaan account cap: Rs 3 million balance

Which Meezan Bank account to open depends on whether you want profit. Meezan's rupee savings accounts for individuals paid **6.63% a year** for September 2026 on balances up to Rs 1 crore, and the rate is declared every month. The **Rupee Current Account** opens with Rs 100, pays no profit and has no low-balance deduction. If you have limited proof of income, the **Asaan** accounts open with a CNIC and hold up to Rs 3 million.

**Meezan savings profit, individuals, up to Rs 1 crore:** 6.63% a year (Declared for September 2026 on Rupee Savings, Bachat, Asaan Savings and the digital accounts. Rates are declared monthly; January to September 2026 ranged from 6.33% to 7.04%.)

## Which Meezan Bank account should I open?

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

| You want | Meezan account | Why |
|---|---|---|
| An everyday account with no balance rules | Rupee Current | Rs 100 to open, free cheque book, no low-balance deductions |
| Monthly profit | Rupee Savings | Rs 100 to open, profit calculated daily and paid monthly |
| Savings for a salaried, self-employed, retired person or housewife | Bachat | Same rate as Rupee Savings; needs Rs 50,000 to open |
| An account with little income proof | Asaan Current or Asaan Savings | For limited proof of income; up to Rs 3 million balance |
| To open from your phone | Digital Asaan (app) | No documents, no initial deposit |
| To get paid from abroad as a freelancer | Digital Freelancer | Links to a dollar ESFCA (Exporters' Special Foreign Currency Account) |
| Savings at 60 or over | Senior Citizen | No minimum balance, no issuance fee on the first Visa Gold card |

Every Meezan account is Islamic: current accounts are based on *Qard* (a loan to the bank, repayable on demand) and savings on *Mudarabah* (profit sharing). If you are choosing between Meezan and a conventional bank, see [Meezan Bank vs UBL, MCB and Bank Alfalah](/money/guides/meezan-bank-vs-other-banks/).

## What are the Meezan Bank account types?

Meezan's accounts page lists these rupee accounts for individuals. Profit rates are from Meezan's 2026 profit rate sheet for September 2026, the latest month it shows.

| Account | Type | To open | Profit (Sep 2026, up to Rs 1 crore) | Main limit or rule |
|---|---|---|---|---|
| Rupee Current | Current | Rs 100 | None | No low-balance deductions |
| Rupee Savings | Savings | Rs 100 | 6.63% | None stated |
| Bachat | Savings | Rs 50,000 | 6.63% | For low and middle-income savers |
| Asaan Current | Current | Rs 100 | None | Rs 3 million balance, Rs 1 million a month out |
| Asaan Savings | Savings | Rs 100 | 6.63% | Rs 3 million balance, Rs 1 million a month out |
| Digital Asaan | Current or savings | Nothing | 6.63% (savings) | Same limits; new customers only |
| Digital Freelancer | Current or savings | Nothing | 6.63% (savings) | New customers only |
| Senior Citizen | Savings | Not stated | 6.63% | Age 60+, widows, differently-abled people |
| Plus | Remunerative current | Rs 1,000 | 0.19% | Waivers at Rs 200,000 average balance |

Meezan also lists Kids Club, Teens Club and Women First accounts, which paid the same 6.63% for September 2026, a Labbaik account, and dollar, pound and euro accounts. The US Dollar Saving Account paid 2.00% each month from January to September 2026. For foreign currency options, see [dollar account in Pakistan](/money/guides/dollar-account-pakistan/).

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

Meezan declares its savings rates monthly, and they follow what its deposit pool earns. These are its declared annual rates for individuals' Rupee Savings and Bachat accounts, up to Rs 10 million:

| Month (2026) | Rate a year |
|---|---|
| January | 6.75% |
| February | 6.34% |
| March | 6.33% |
| April | 6.70% |
| May | 6.79% |
| June | 6.58% |
| July | 7.04% |
| August | 6.74% |
| September | 6.63% |

Since August 2026, Meezan has used tiers for individuals. For September, Rupee Savings and Bachat paid 6.63% up to Rs 10 million, 6.00% up to Rs 250 million and 6.74% above. The Senior Citizen Account paid 6.74% above Rs 10 million.

**How the rate is set.** Meezan's savings pages say gross income is shared 50% to the bank and 50% to depositors. Each balance tier also has a *weightage*, which Meezan publishes on its savings pages. For October 2026, individuals' weightages are 0.30 up to Rs 10 million, 0.32 up to Rs 250 million and 0.36 above.

Islamic banks don't follow the 10% minimum that conventional banks must pay individuals (as of 15 September 2026, according to an Allied Bank explainer). They were taken out of that minimum from 1 January 2025 and must instead pay rupee savers at least 75% of their pools' weighted average gross yield, Aaj News reported in November 2024. So Meezan's rate isn't known in advance.

**Our calculation:** at 6.63% a year, Rs 10 lakh earns about Rs 66,300 a year, or about Rs 5,525 a month, before tax and Zakat. Banks deduct tax on profit; see [tax on bank profit](/money/guides/tax-on-bank-profit/) and [Zakat deduction from bank accounts](/money/guides/zakat-deduction-bank/).

If you can lock money away, Meezan's certificates paid more for September 2026: **9.18%** a year on a 1-year certificate with monthly profit (9.56% at maturity) and **10.12%** on 1.5 years, both from Rs 50,000. The 1-month Monthly Mudarabah Certificate paid 7.12%. Meezan stopped new bookings and rollovers of its 2, 3 and 5-year certificates on 1 April 2023. To compare banks, see [savings account profit rates](/money/guides/savings-account-profit-rates/).

**October's rate isn't out yet:** On 17 October 2026, Meezan's product pages and its 2026 rate sheet still showed September as the latest declared month. Check the bank's profit rate sheet for newer months before you compare.

## Does a Meezan Bank current account have a minimum balance?

No. The **Rupee Current Account** needs **Rs 100** to open, and Meezan's page says there are no deductions for a low balance. We found no minimum balance charge anywhere in the July to December 2026 Schedule of Service Charges. Freelancers, students, Zakat recipients and government salary or pension accounts need no initial deposit at all.

What you get with it:

- No limit on withdrawals or number of transactions
- A free cheque book (savings accounts pay Rs 25 a leaf)
- Free pay orders, internet banking and e-statements
- One debit card with no issuance fee, from Visa Classic, Visa Gold, Mastercard Classic or PayPak
- Your first SMS alert subscription free

It pays no profit. If you want profit on an account you also use for payments, the **Plus Account** is a current account that shares profit, but it paid only 0.19% a year for September 2026. Its waivers need a Rs 200,000 average balance in the previous month.

## What are Meezan Bank account charges?

These are from Meezan's Schedule of Service Charges for 1 July to 31 December 2026. They exclude FED and provincial sales tax.

| Service | Charge |
|---|---|
| Withdrawal at a Meezan ATM | Free |
| Withdrawal at another bank's ATM | Rs 35 |
| IBFT (to another bank) | Free up to Rs 25,000 a month, then 0.1% or Rs 200, whichever is lower |
| Cheque book | Free on current accounts; Rs 25 a leaf on savings |
| SMS alerts for app transactions | Free |
| SMS alerts for branch transactions | Rs 2,800 a year (free for Senior Citizen and Asaan Student) |
| Pay order | Free |
| Stop payment | Rs 300 for one cheque, Rs 600 for more |
| Cheque returned for low balance | Rs 625 |
| Duplicate statement | Rs 25 |
| Closing the account | Free |
| Shopping abroad with a rupee debit card | 4% of the amount |

Debit card fees, issuance and annual, as of the same schedule:

| Card | Issuance | Annual fee |
|---|---|---|
| PayPak | Rs 2,500 | Rs 2,500 |
| Visa Classic or Mastercard Classic | Rs 3,500 | Rs 3,500 |
| Visa Gold | Rs 4,500 | Rs 4,500 |
| Visa Platinum | Rs 10,000 | Rs 10,000 |
| Women First | Rs 500 | Rs 3,500 |
| Kids & Teens | Free | Rs 1,250 |
| Student | Free | Free |

The annual fee is charged only on activated cards. Current, Asaan Current and digital accounts waive the issuance fee on one card, but the annual fee still applies. For how this compares with other banks, see [bank charges in Pakistan](/money/guides/bank-charges-pakistan/).

## Meezan Bank Asaan account vs current account: what's the difference?

The Asaan accounts are for resident Pakistanis with **limited proof of income**. You can open one with a CNIC, SNIC, passport, NICOP, POC, ARC or pension book. They open with Rs 100.

| | Asaan Current / Asaan Savings | Rupee Current / Rupee Savings |
|---|---|---|
| Income documents | Limited proof of income accepted | Proof of income asked for (in the app, source of income and proof of funds) |
| Maximum balance | Rs 3 million | No limit stated |
| Withdrawals | Up to Rs 1 million a month | No limit |
| Profit (savings) | 6.63% (Sep 2026) | 6.63% (Sep 2026) |

On Asaan Savings, inward remittances don't count toward the Rs 3 million. The savings versions pay the same rate, so the trade-off is the caps against the paperwork. For how Asaan accounts work at other banks, see [Asaan account](/money/guides/asaan-account/).

## How does the Meezan Bank freelancer account work?

The **Digital Freelancer Account** is for resident Pakistanis who provide digital or online services, including IT work. It comes as a rupee current or savings account, and you can link it to an **ESFCA** to keep export earnings in US dollars.

- **Opening:** in the Meezan Digital app, with no physical documents and no initial deposit. You don't need a SIM registered in your name for this account.
- **Who:** new Meezan customers only, one account per person.
- **Remittances:** personal and commercial remittances allowed in rupees.
- **Savings variant:** profit paid monthly at the same rate as other digital accounts, 6.63% for September 2026.

Already have a Meezan account? Its Rupee Current and Rupee Savings pages say freelancers can open them with satisfactory proof of income. For other ways to receive client payments, see [freelancer payment methods](/business/guides/freelancer-payment-methods-pakistan/).

## How do I open a Meezan Bank account online?

The Meezan Digital app opens Digital Asaan, Digital Remittance, Digital Freelancer, Rupee Current, Rupee Savings, Bachat and Roshan Digital accounts. It is for resident individuals who are new to Meezan, with a valid CNIC and, except for the Freelancer account, a SIM in their own name.

1. **Download the Meezan Digital app.**
2. **Verify your mobile number** with the OTP.
3. **Enter your CNIC details.** For Rupee Current, Rupee Savings or Bachat, also upload a CNIC photo and give your source of income and proof of funds. Digital Asaan and Freelancer need no documents.
4. **Add your occupation details.**
5. **Complete biometric verification and take a live selfie.**
6. **Review and submit.** Meezan says the account opens instantly, or within 2 working days if it needs extra checks.

If the in-app fingerprint check fails, you have 60 days to verify at a branch. After that, Meezan blocks withdrawals from the account. For other banks' apps, see [open a bank account online](/money/guides/open-bank-account-online/).

**Meezan's app FAQ shows an older Asaan limit:** Meezan's Digital Account FAQ gives a Rs 1 million balance limit for the Digital Asaan Account. The Digital Asaan page, checked on 17 October 2026, says Rs 3 million, as do the branch Asaan pages. We follow the product page.

## Which Meezan account suits senior citizens?

The **Senior Citizen Account** is for people aged 60 or over, and for widows and differently-abled people of any age. It has no minimum balance and pays profit monthly: 6.63% up to Rs 10 million and 6.74% above, for September 2026.

It also waives the issuance fee on your first Visa Gold debit card, and branch SMS alerts are free. Internet banking, e-statements and pay orders are free as well.

More guides: [Meezan Bank vs other banks](/money/guides/meezan-bank-vs-other-banks/), [HBL accounts](/money/guides/hbl-accounts/), [Islamic vs conventional banking](/money/guides/islamic-vs-conventional-banking/), [best bank in Pakistan](/money/guides/best-bank-in-pakistan/), [Money](/money/).

## Questions people ask

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

Meezan declared 6.63% a year for September 2026 on its Rupee Savings and Bachat accounts for individuals, on balances up to Rs 10 million. Rates are declared each month and ranged from 6.33% to 7.04% between January and September 2026.

### Is there a minimum balance in a Meezan Bank current account?

No. The Rupee Current Account needs Rs 100 to open, and Meezan's page says there are no deductions for a low balance. Its July to December 2026 schedule lists no minimum balance charge.

### What is the Meezan Bank Asaan account limit?

Both the Asaan Current and Asaan Savings accounts can hold up to Rs 3 million, and you can withdraw up to Rs 1 million a month. On the savings version, inward remittances don't count toward the Rs 3 million.

### Can I open a Meezan Bank freelancer account online?

Yes, if you are new to Meezan. The Digital Freelancer Account opens in the Meezan Digital app with no documents and no initial deposit, and you don't need a SIM in your own name for it. It can be linked to a dollar ESFCA for export earnings.

### How much profit will I get on Rs 10 lakh in a Meezan savings account?

Our calculation: at September 2026's 6.63% a year, Rs 10 lakh earns about Rs 66,300 a year, or about Rs 5,525 a month, before tax and Zakat. The rate changes every month, so your actual profit will differ.

## Sources

- [Profit Rates, Year 2026 (January to September)](https://www.meezanbank.com/wp-content/themes/mbl/downloads/historical-profit-rates/HistPR-2026.pdf), Meezan Bank (accessed 17 Oct 2026)
- [Schedule of Service Charges, July to December 2026](https://www.meezanbank.com/wp-content/themes/mbl/downloads/home-downloads/SOC-ENG-Jul-Dec-2026.pdf), Meezan Bank (accessed 17 Oct 2026)
- [Rupee Current Account](https://www.meezanbank.com/rupee-current-account/), Meezan Bank (accessed 17 Oct 2026)
- [Rupee Savings Account](https://www.meezanbank.com/rupee-savings-account), Meezan Bank (accessed 17 Oct 2026)
- [Meezan Bachat Account](https://www.meezanbank.com/bachat-account), Meezan Bank (accessed 17 Oct 2026)
- [Asaan Current Account](https://www.meezanbank.com/asaan-current-account/), Meezan Bank (accessed 17 Oct 2026)
- [Asaan Savings Account](https://www.meezanbank.com/asaan-savings-account), Meezan Bank (accessed 17 Oct 2026)
- [Digital Asaan Account](https://www.meezanbank.com/digital-asaan-account/), Meezan Bank (accessed 17 Oct 2026)
- [Digital Freelancer Account](https://www.meezanbank.com/digital-freelancer-account/), Meezan Bank (accessed 17 Oct 2026)
- [FAQs of Meezan Digital Account Opening App](https://www.meezanbank.com/wp-content/themes/mbl/downloads/meezan-digital-account-FAQs.pdf), Meezan Bank (accessed 17 Oct 2026)
- [Senior Citizen Account](https://www.meezanbank.com/senior-citizen-account), Meezan Bank (accessed 17 Oct 2026)
- [Meezan Plus Account](https://www.meezanbank.com/plus-account), Meezan Bank (accessed 17 Oct 2026)
- [Bank Accounts](https://www.meezanbank.com/bank-accounts/), Meezan Bank (accessed 17 Oct 2026)
- [SBP Policy Rate Explained for Savers](https://www.abl.com/sbp-policy-rate-explained/), Allied Bank (accessed 17 Oct 2026)
- [SBP makes major changes to Islamic Banking requirements](https://english.aaj.tv/news/amp/330390760), Aaj News (accessed 17 Oct 2026)