# NBP accounts compared: which account to open

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

## Summary

From 1 August 2026, NBP pays 10% a year on its PLS Savings, Asaan Savings and Premium Saver accounts, with profit paid twice a year. The Izafi Munafa Account pays monthly: 10.05% on Rs 1 million to Rs 50 million and 10% otherwise. Under NBP's July to December 2026 schedule, current accounts below a Rs 5,000 monthly average pay Rs 50 a month, cheque leaves cost Rs 16 and SMS alerts are free. The Asaan account opens with Rs 100 and a CNIC.

## Key facts

- Savings rate (from 1 Aug 2026): 10% a year
- Monthly profit account: Izafi Munafa, 10% to 10.05%
- Low-balance charge (Jul–Dec 2026): Rs 50/month under Rs 5,000
- Asaan account opens with: Rs 100 and a CNIC

The right NBP account depends on how often you want profit. NBP's main savings accounts all pay **10% a year** from 1 August 2026, with profit twice a year; the **Izafi Munafa** account pays monthly instead. If you want an everyday account, a current account pays nothing and costs **Rs 50 a month** if your average balance drops below Rs 5,000. If you have little paperwork, the **Asaan account** opens with a CNIC and Rs 100.

**NBP savings rate, from 1 August 2026:** 10.00% a year (PLS Savings, Asaan Savings and Premium Saver, profit paid half-yearly (10.25% effective). Izafi Munafa pays 10.00% to 10.05% monthly.)

## Which NBP account should I open?

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

| You want | NBP account | Why |
|---|---|---|
| Profit, paid twice a year | PLS Savings Account | 10%, profit every six months |
| Monthly profit | Izafi Munafa Account | 10% to 10.05%, credited before the 10th of each month |
| Profit, and you rarely withdraw | Premium Saver | 10%, but only 2 withdrawals a month |
| An everyday account | Current account or NBP Choice | No profit; Choice adds free services if you keep a balance |
| An account with only a CNIC | NBP Asaan Account | Opens with Rs 100; no minimum balance |
| Fixed monthly income at 60 or older | NBP Itmenan Term Deposit | 11.15% to 11.70% for seniors, paid monthly |

NBP's Islamic banking runs under the **Aitemaad** name; we haven't covered its rates here. For a fully Islamic bank, see [Meezan Bank accounts](/money/guides/meezan-bank-accounts/).

## What are the NBP account types?

Rates below are from NBP's indicative profit rate sheet effective 1 August 2026, the latest listed on its site on 18 Oct 2026. Balance rules are from the July to December 2026 Schedule of Bank Charges and NBP's product pages.

| Account | Type | Profit | Profit paid | Balance rule |
|---|---|---|---|---|
| PLS Savings | Savings | 10.00% | Half-yearly | Not stated on NBP's pages |
| Izafi Munafa | Savings | 10.00% to 10.05% | Monthly | No minimum; higher rate from Rs 1 million |
| Premium Saver | Savings | 10.00% | Half-yearly | Max 2 withdrawals a month |
| Asaan Savings | Savings | 10.00% | Half-yearly | No minimum; opens with Rs 100 |
| Current account | Current | None | n/a | Rs 50 a month below Rs 5,000 average |
| NBP Choice Individual | Current | None | n/a | Free services with a balance (see below) |
| Asaan Current | Current | None | n/a | No minimum; exempt from the Rs 50 charge |
| Itmenan Current (60+) | Current | None | n/a | First-year PayPak fee waived |

NBP rewards large balances with fee waivers. With **Rs 2 million** or more on average in a current account, or Rs 5 million in a PLS Savings account, NBP waives pay order, stop payment, cheque return and lost cheque book charges (July to December 2026 schedule).

## What is the NBP saving account profit rate in 2026?

NBP's savings rates have been the same since 1 August 2026. The Izafi Munafa account is the only one with balance tiers.

| Account | Rate | Effective annual rate | Paid |
|---|---|---|---|
| PLS Savings, Asaan Savings, Premium Saver | 10.00% | 10.25% | Half-yearly |
| Izafi Munafa, below Rs 1 million | 10.00% | 10.47% | Monthly |
| Izafi Munafa, Rs 1 million to Rs 50 million | 10.05% | 10.53% | Monthly |
| Izafi Munafa, above Rs 50 million | 10.00% | 10.47% | Monthly |
| Worker's Foree Remittance Account | 10.10% | 10.35% | Half-yearly |

The effective annual rate is higher than the headline rate because profit paid during the year earns profit too. NBP calls these rates indicative, so check the latest sheet before you deposit a large amount.

On Izafi Munafa, the extra 0.05% applies only while your monthly average stays between Rs 1 million and Rs 50 million. Outside that range, the normal PLS rate applies to the whole balance. You can hold one Izafi Munafa account per branch in your own name and one jointly.

If you can lock money away, NBP's ordinary term deposits (TDRs) paid less than savings: 8.50% for one year and 9.00% for five years (from 1 August 2026). The Premium Aamdani Certificates paid 9.80% for one year with monthly profit. Banks deduct tax on profit; 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 is the minimum balance in an NBP current account?

NBP doesn't set a fixed minimum. Instead, it charges **Rs 50 a month** on any current account whose monthly average balance is below Rs 5,000, under the July to December 2026 schedule. The Asaan Current Account is exempt.

The **NBP Choice Individual Current Account** adds free services: unlimited pay orders, unlimited 25-leaf cheque books, free debit card issuance and renewal, free transfers to other banks and free statements, plus a small locker rent waiver if one is available. The schedule says you must keep Rs 25,000 in the first month to qualify.

**NBP's Choice pages disagree on the balance:** The Choice product page says free services need a Rs 25,000 monthly average for individuals (Rs 100,000 for businesses). The Choice FAQ says there is no minimum balance. The schedule of charges asks for Rs 25,000 in the first month. Plan on keeping Rs 25,000, and ask your branch which rule it applies.

## What are NBP account charges?

These are NBP's charges for July to December 2026. They are **before tax** unless marked, so government taxes come on top.

| Service | Charge |
|---|---|
| Current account below Rs 5,000 average | Rs 50 a month |
| Withdrawal at an NBP ATM | Free |
| Withdrawal at another bank's ATM | Rs 35 |
| Transfer to another NBP account (app) | Free |
| Transfer to another bank (app, IBFT) | Free below Rs 25,000; then 0.1% or Rs 200, whichever is lower |
| SMS alerts | Free |
| Cheque book | Rs 16 a leaf (free with Rs 1 million or more) |
| PayPak Classic debit card | Rs 760 to issue, Rs 2,000 a year |
| UnionPay Classic debit card | Rs 600 to issue, Rs 2,500 a year |
| Stop payment | Rs 500 + FED per instruction |
| Duplicate statement | Rs 35 per statement |
| Closing the account | Nil |

With free SMS alerts and a Rs 16 cheque leaf, the debit card's annual fee is the main running cost for most people. For how NBP compares with other banks, see [bank charges in Pakistan](/money/guides/bank-charges-pakistan/) and [PayPak vs Visa](/money/guides/paypak-vs-visa/).

## What is the NBP Asaan account limit?

NBP's Asaan page (checked 18 Oct 2026) lists a **Rs 1 million** monthly debit limit and a **Rs 1 million** maximum balance. Inward remittances and profit can take you over the balance limit, and any term deposit made from the account counts toward it. A cheque that would break the monthly debit limit is returned unpaid.

Who can open it, according to NBP's Asaan FAQs:

- Resident individuals with a CNIC copy, the account form and a Rs 100 deposit; no proof of income
- Only people who don't already have an NBP account
- Single or joint, with at most 2 people; minors with a Form-B and guardian documents

It comes as a current or savings account; the savings version pays the 10% PLS rate. The first 25-leaf cheque book is free, you get a debit card, and closing the account costs nothing. The account opens straight away, but you can't take money out until NADRA verification is done; NBP says it activates the account within 3 working days of that check.

**NBP's limit may be out of date:** The State Bank's 2025 Consolidated Customer Onboarding Framework lets Asaan accounts hold up to Rs 3 million, with debits up to Rs 1 million a month. NBP's pages still say Rs 1 million for the balance. Ask your branch which limit applies before you rely on it. For how other banks set this, see [Asaan account](/money/guides/asaan-account/).

## What documents do I need to open an NBP account?

NBP publishes this list of documents. You need:

- **Individual:** a copy of a valid identity document, usually your CNIC. NBP's product FAQs also mention proof of income for accounts such as Izafi Munafa and Choice.
- **Joint account:** an identity document for each holder.
- **Sole proprietor:** your identity document plus any one of a registration certificate, an NTN or sales tax certificate, trade body membership proof, or a letter on business letterhead.
- **Minor:** identity documents of the child and the parent or guardian.

NBP's home page links a **Digital Account** option to its online account-opening portal. We couldn't read the portal's terms, so check there which accounts it opens. For other banks' online accounts, see [open a bank account online](/money/guides/open-bank-account-online/). For a business account, see [business bank account in Pakistan](/money/guides/business-bank-account-pakistan/).

Once your account is open, the **NBP Digital** app registers with your 14-digit account number (4-digit branch code and 10-digit account number) or your 24-digit IBAN, plus your CNIC and registered mobile number. Sending money also needs your debit card and PIN. To read an IBAN, see [IBAN number in Pakistan](/money/guides/iban-number-pakistan/).

## Which NBP account suits senior citizens?

The **NBP Itmenan** accounts are for people aged 60 and above, by the date of birth on their CNIC.

- **Itmenan Term Deposit:** 11.70% for one year, 11.35% for three years, 11.15% for five years and 11.35% for ten years (from 1 August 2026), with profit paid monthly into a linked account. The minimum is Rs 100,000 and the maximum Rs 50 million.
- **Itmenan Current Account:** the first 25-leaf cheque book is free, the PayPak card's annual fee is waived for the first year, and the card carries life cover of up to Rs 100,000 (up to age 65).

These rates are higher than any NBP savings account. If you need to borrow against jewellery instead, see [gold loans](/money/guides/gold-loan-pakistan/).

More guides: [HBL accounts](/money/guides/hbl-accounts/), [UBL accounts](/money/guides/ubl-accounts/), [MCB accounts](/money/guides/mcb-accounts/), [Bank AL Habib accounts](/money/guides/bank-al-habib-accounts/), [best bank in Pakistan](/money/guides/best-bank-in-pakistan/), [Money](/money/).

## Questions people ask

### What is the NBP saving account profit rate in 2026?

From 1 August 2026, NBP's PLS Savings, Asaan Savings and Premium Saver accounts pay 10.00% a year, with profit paid half-yearly (10.25% effective annual rate). The Izafi Munafa Account pays 10.00% to 10.05% with profit every month.

### Does NBP give monthly profit on a saving account?

Yes. The NBP Izafi Munafa Account credits profit every month, before the 10th. From 1 August 2026 it pays 10.05% on a monthly average balance of Rs 1 million to Rs 50 million, and 10.00% below or above that range.

### What is the minimum balance in an NBP current account?

NBP sets no fixed minimum, but it charges Rs 50 a month when a current account's monthly average balance is below Rs 5,000 (July to December 2026 schedule). The NBP Asaan Current Account is exempt from this charge.

### What is the NBP Asaan account limit?

NBP's Asaan pages list a Rs 1 million monthly debit limit and a Rs 1 million maximum balance. The State Bank's 2025 onboarding rules allow Asaan accounts to hold up to Rs 3 million, so ask your branch which limit NBP applies now.

### What documents do I need to open an NBP account?

An individual needs a copy of a valid identity document such as a CNIC; NBP's product pages also mention income proof for regular accounts. The Asaan account needs only a CNIC copy, the form and Rs 100. A sole proprietor adds one business proof, such as an NTN certificate or a letter on business letterhead.

## Sources

- [Indicative Profit Rates on Remunerative Deposits w.e.f. 1 August 2026](https://www.nbp.com.pk/IndicativeProfitRates/files/Indicative-Profit-Rates-W.e.f%2001-08-2026.pdf), National Bank of Pakistan (accessed 18 Oct 2026)
- [Schedule of Bank Charges, July to December 2026](https://nbp.com.pk/Rates-Charges/Schedule-of-Bank-Charges-Jul-to-Dec-2026.pdf), National Bank of Pakistan (accessed 18 Oct 2026)
- [NBP Asaan Account: Product Details](https://www.nbp.com.pk/asaan/NBP-Asaan-Features.aspx), National Bank of Pakistan (accessed 18 Oct 2026)
- [NBP Asaan Account FAQs](https://www.nbp.com.pk/asaan/NBP-Asaan-FAQs.aspx), National Bank of Pakistan (accessed 18 Oct 2026)
- [NBP Izafi Munafa Account FAQs](https://www.nbp.com.pk/Izafi-Munafa-Account/FAQs.aspx), National Bank of Pakistan (accessed 18 Oct 2026)
- [NBP Izafi Munafa Account: Product Details](https://www.nbp.com.pk/Izafi-Munafa-Account/ProdutDetail.aspx), National Bank of Pakistan (accessed 18 Oct 2026)
- [NBP Premium Saver Account](https://www.nbp.com.pk/Premium/product-details.aspx), National Bank of Pakistan (accessed 18 Oct 2026)
- [NBP Choice Current Account: Product Details](https://www.nbp.com.pk/choice/product-details.aspx), National Bank of Pakistan (accessed 18 Oct 2026)
- [NBP Choice Account FAQs](https://www.nbp.com.pk/choice/faq.aspx), National Bank of Pakistan (accessed 18 Oct 2026)
- [NBP Itmenan Accounts](https://www.nbp.com.pk/ItmenanAccount/product-details.aspx), National Bank of Pakistan (accessed 18 Oct 2026)
- [List of Documents Required for Account Opening](https://nbp.com.pk/News/List%20of%20Documents%20Required%20for%20account%20opening.pdf), National Bank of Pakistan (accessed 18 Oct 2026)
- [NBP Digital](https://www.nbp.com.pk/digital/index.aspx), National Bank of Pakistan (accessed 18 Oct 2026)
- [Consolidated Customer Onboarding Framework (BPRD Circular No. 1 of 2025)](https://www.sbp.org.pk/bprd/2025/C1-Consolidated-Customer-Onboarding-Framework.pdf), State Bank of Pakistan (accessed 15 Oct 2026)