UBL Asaan Account

UBL Asaan Account is a new and convenient service through which any individual can open an account. Simply fill out a brief form and pay initial deposit as low as Rs. 100. UBL resolves to give maximum ease and convenience to every Pakistani.

Special Features

with : Simplified account opening with CNIC and self declaration only
Transactional limits
Max Credit Balance : PKR 3 Million
Debit : PKR 1 Million per month
No cap on incoming home remittance
Free Online Banking
Free deposit / withdrawal through counter
Free Funds Transfer through counter ( within UBL)
Free pay order
Free cheque book
Free cheque clearing service
Free insurance coverage up to PKR 2.5 Million for accidental death and permanent disability
Female UBL Asaan Current Account holders additionally
receive the following Urooj enhancements :
Urooj Debit Card Availability
Waiver on locker rent fees for the first year
50% waiver on front end load for mutual funds
*Facility can be availed by the account holders who maintain a YTD ( year to date) average balance of PKR 25,000 or above in their overall current account relationship balance within the bank

Rules of the Account

UBL Asaan Accounts are meant for resident individuals having Pakistani Nationality only
One CNIC holder is entitled to One UBL Asaan Account (either as single or jointly operated)
An existing UBL Accountholder cannot open a UBL Asaan account (in either single or joint account category).

Transaction Limits/ Turnover

Maximum Credit Balance: PKR 3,000,000
Debit Limit: PKR 1,000,000 per month

Exceptions for Transaction Limits/ Turnover

Following exceptions for the limits mentioned for Asaan Accounts are available:

Inward Remittances
Credit of Profit Return on UBL Asaan Saving Account
a. Credit transactions beyond total credit balance limits in case of inward remittances in Asaan Account subject to proper analysis of transaction and evaluation of risk
b. Credit of any profit/ return on deposit in the Asaan Account beyond total credit balance limits
c. Bank charges, government taxes or levies and instructions issued under any law or from the court will not be subject to debit or withdrawal restriction beyond total debit per monthly limits.

Moreover, if a time deposit investment is made through the Asaan Account, the amount lying in the investment will be clubbed with the credit balance of the account for calculating total credit balance limit.

Restriction on cross border (outward) transactions except for Card based-accounts subject to above specified Transaction limits/ Turnover.