Young Savers Account

Young Pakistanis, 
Bank AL Habib has designed a new account specially for you, ... your own Young Savers Account.

  1. This is an account for Young Savers of up to 18 years.
    Visit the nearest Bank AL Habib branch with your parent/guardian to open your Young Savers Account. You can open an account with as little as Rs. 5/=.


  2. Rate of Return on Young Savers Account is expected to be well above the return on normal savings account. The indicative rate of return on balances upto Rs. 500,000 is 5.00% p.a. and 4.00% p.a. on above Rs. 500,000 on Average Monthly Balance applicable from June 01, 2016 (The rate of profit on deposit schemes are current and subject to change)


  3. Young Savers of 16 years and more will also be eligible to receive ATM Cards and can withdraw money through ATMs, if specifically authorized by their parents/guardians (certain conditions apply).


  4. Until you the Young Savers are a minor, i.e. below 18 years, the account will be operated by your parent/guardian. When you attain majority, the balance in the account will be transferred to a new account which you will open and operate after completing required formalities, including the concurrence of your parent/guardian.


  5. Bank officers will also visit your school to help you open Young Savers Account and collect your deposit.

Profit would be subject to Zakat, Withholding Tax and other Government Levies unless exempted.

Rules/Terms and Conditions:

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* Rates are subject to change. Please contact your branch for up to date information.