Pak Rupees Chequing Accounts

Features Details
Banking Channel Islamic
Product Type Current (Chequing Account)
Underlying Mode Qard
Currency PKR
Minimum Balance Requirement None
Eligibility
  • The account will be offered to Individual (Beneficiary(ies) single or joint, which can be maximum 2)
  • The account holder should be 18 or above at the time of account opening with valid CNIC, ARC & POC
Transactional Convenience
  • Access to account from over 500 online branches nationwide
  • Instant credit of remittance into Islamic PakWatan Remittance Account with no requirement of branch visit
  • Hassle-free remittance collection through ATMs (no forms filling or waiting at branch counters)
  • No Daily or Monthly credit/ debit limits
  • 24/7 customer support through Call Center
Additional Benefits
  • No initial deposit requirement
  • No minimum balance requirement
  • Local credits are also allowed
  • WHT on cash withdrawal will not be applicable on cash withdrawal through country-wide ATMs, or by cheque of any amount at any branch counter with respect to an account where deposit is exclusively on account of home remittances from abroad
  • Free E-Statement
  • Free Internet Banking
  • Free SMS Alerts on Digital Transactions
  • Customers may be eligible for Ijarah Bis Sayyarah (Car Financing) after six months of maintaining Islamic PakWatan Remittance Account (subject to eligibility criteria of Askari Ikhlas Islamic Banking)


Terms and Conditions apply

Special Waivers
  • Free Issuance of Askari Union Pay Debit Card (annual and replacement fee as per prevailing SOC)
  • Free issuance of first cheque book (10 leaves) at the time of account opening (for subsequent cheque books, charges will be applicable as per prevailing SOC)
Service Charges (if any) As per Schedule of Charges – Islamic
Value-added Offering Takaful coverage to all accountholders
Description Specific Product Details
Name of Product: Askari Islamic Current Account
Underlying Mode: Qard
Acceptable Currency: Pak Rupees
Type of Product: Current (chequing account)
Minimum Balance Required: Rs. 1,000/- (for account opening only)
Tenors: Minimum: N/A
Maximum: N/A
Profit Calculation: N/A
Periodicity of Profit Distribution: N/A
Service Charges (if any): As per Schedule of Charges – Islamic
Other Features: No minimum balance requirement/charges for maintenance of account
Description Specific Product Details
Name of Product: Askari Basic Banking Account (BBA)
Underlying Mode: Qard
Acceptable Currency: Pak Rupees
Type of Product: Current (chequing account)
Minimum Balance Required: Rs. 1,000/- (for account opening only)
Tenors: Minimum: N/A
Maximum: N/A
Profit Calculation: N/A
Periodicity of Profit Distribution: N/A
Service Charges (if any): As per Schedule of Charges – Islamic
Other Features:
  • As per SBP Instructions for BBA accounts currently in vogue & as amended from time to time
  • No minimum balance requirement/charges for maintenance of account
Description Specific Product Details
Name of Product: Askari Islamic Current Account – Pensioners
Underlying Mode: Qard
Acceptable Currency: Pak Rupees
Type of Product: Current (chequing account)
Minimum Balance Required: N/A (no amount required for account opening)
Tenors: Minimum: N/A
Maximum: N/A
Profit Calculation: N/A
Periodicity of Profit Distribution: N/A
Service Charges (if any): As per Schedule of Charges – Islamic
Other Features: No minimum balance requirement/charges for maintenance of account
Description Specific Product Details
Name of Product Askari Islamic Asaan Current Account
Underlying Mode Qard
Acceptable Currency Pak Rupees
Type of Product Current (Chequing A/c)
Minimum Balance Required Rs. 100/- (for account opening only)
Tenors Min: N/A, Max: N/A
Profit Calculation N/A
Periodicity of Profit Distribution N/A
Service Charges (if any) As per Schedule of Charges – Islamic
Other Features
  • Free Issuance of Pay Pak card, however, subsequent charges shall apply as per prevailing Schedule of Bank Charges – Islamic
  • SMS Alert
  • eStatements
  • iNet Banking
  • Mobile Banking