Meezan Bank accounts compared: which account to open

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.

Which Meezan Bank account should I open?

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

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.

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.

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.

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:

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 and Zakat deduction from bank accounts.

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.

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.

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

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.

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.

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.

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.

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.

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.

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, HBL accounts, Islamic vs conventional banking, best bank in Pakistan, Money.