Accounts & Deposits

Askari Bank Account Opening

Every current, savings, and term deposit account Askari Bank actually offers — minimum balance, eligibility, and how each one works.

• 15+ Account Types
• Conventional & Askari Ikhlas (Islamic)

Last verified September 8, 2026 against Askari Bank's official website

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University)

Askari Bank account opening starts with picking the right product family — current, savings, or term deposit — before you even walk into a branch or open the app. This guide covers Askari Bank account opening requirements for every account the bank actually publishes.

Askari Bank's account lineup splits into three families — current accounts, savings accounts, and term deposits — each with a general-purpose version and several segment-specific variants (digital-only, women-focused, freelancer, minor, senior citizen). Below is what each account actually offers: minimum balance, profit payout structure, and who it's built for — not just a product name.

Askari Bank does not publish a single flat profit-rate percentage across all accounts; profit is tier-based and disclosed per product in the current Key Fact Statement (KFS), which the bank updates periodically. Where a specific rate isn't confirmed from an official, current source, this page states the payout structure instead of a number that could already be stale.

Which Account Fits You?

With 15+ account variants below, here's a shortcut to the right one for your situation — based only on the account details already on this page.

Current Accounts

Askari Bank account opening for most digital-eligible products can be started through the Askari Digital Account Opening app or the Askari Mobile App, without a branch visit.

Savings Accounts

Term Deposits

Askari Bank's conventional term deposits include Short Notice Deposit Receipts (SNDR) for tenors as short as 7 or 29 days, alongside standard fixed-tenor term deposits. Per Askari Bank's own indicative rate circular, three-year and five-year term deposit tenors have been discontinued for most products, with the exception of the Askari Golden Pensioner Term Deposit, which remains available for retirees. Rates for discontinued products default to the SBP minimum savings rate.

Account and rate structure confirmed from Askari Bank's official Personal Accounts pages, Key Fact Statement (effective January 2026), Schedule of Charges (effective January 1, 2026), and indicative conventional profit-rate circular.

Zakat Deduction on Savings Accounts

Askari Bank, like every bank in Pakistan, is legally required to deduct Zakat at source from savings and profit-and-loss sharing (PLS) accounts under the Zakat & Ushr Ordinance, 1980 — this isn't an Askari-specific charge, it's a nationwide banking requirement. Current accounts are exempt automatically since they don't earn profit.

Deduction Date

1st of Ramazan each year (moon-sighting dependent)

Rate

2.5% of the full balance, if Nisab is met

Nisab (2026)

Rs. 503,529 — reset annually by the Ministry of Poverty Alleviation and Social Safety

Exemption

File Form CZ-50 at your Askari Bank branch, typically 30 days before Ramazan

The 2.5% is applied to your entire eligible balance on the deduction date, not just the amount above the Nisab threshold — a common point of confusion. Current accounts, and non-Muslim or non-resident account holders who file a valid CZ-50 declaration, are exempt. The deducted amount is forwarded to the Central Zakat Account maintained with the State Bank of Pakistan, not retained by Askari Bank itself.

Sourced from the Zakat & Ushr Ordinance, 1980, and the Ministry of Poverty Alleviation and Social Safety's annual Nisab notification (via State Bank of Pakistan circular). The Nisab figure changes every Zakat year based on silver value — confirm the current year's figure with Askari Bank or the official notification before Ramazan, rather than relying on a past year's number.

Islamic Accounts (Askari Ikhlas)

Every core account family above has a Shariah-compliant counterpart under the Askari Ikhlas brand, including the Islamic Sahar Savings Account for women. These accounts are overseen by Askari Bank's dedicated Shariah Board and run through 411 dedicated Islamic branches (up from 198 in 2024, per the bank's Annual Report 2025 and its official ATM Locator, checked August 2026) rather than being bolted onto conventional branches.

Common Account Charges (Official Schedule)

These figures come directly from Askari Bank's official Schedule of Bank Charges (Conventional) effective July 01, 2026, exclusive of FED/Sales Tax. Several are waived automatically on the Askari Zabardast Current Account once a Rs. 25,000 monthly average balance is maintained — noted below where applicable.

Source: Askari Bank Schedule of Bank Charges (Conventional), effective July 01, 2026 — General Banking (Domestic) and Miscellaneous Charges sections.

Closing, Reactivating, or Leaving an Account Dormant

Askari Bank doesn't charge for closing a current or savings account — per its official Schedule of Charges, account closing is free. You can close an account by visiting your branch with your CNIC, clearing any outstanding balance or fees, and returning your unused chequebook and debit card.

If you simply stop using an account rather than closing it, State Bank of Pakistan regulations — which apply to every bank in Pakistan, including Askari Bank — govern what happens next:

Marked Dormant

After 1 year with no customer-initiated transaction

While Dormant

Credit entries allowed; withdrawals/debits blocked until reactivated

Reactivation

Formal request via branch, app, internet banking, ATM, call centre, or registered mobile/email

Unclaimed Deposit

After 15 continuous years dormant, surrendered to SBP under the Banking Companies Ordinance, 1962 (as amended 2024)

Before an account is actually marked dormant, SBP requires the bank to send prior notice — typically one month, seven days, and one day ahead — through your registered SMS, email, or contact channel, so update your contact details with Askari Bank if they've changed. If your funds have already been surrendered as an unclaimed deposit, they aren't lost: SBP allows the original account holder (or their legal heirs) to file a refund claim through the branch where the account was opened.

Dormancy and unclaimed-deposit rules sourced from State Bank of Pakistan's Prudential Regulations and BPRD circulars on dormant/inoperative accounts, and Section 31 of the Banking Companies Ordinance, 1962 (as amended by the Banking Companies (Amendment) Act, 2024). These are SBP-mandated rules applying bank-wide, not an Askari-specific policy — confirm your account's exact status and reactivation channel with Askari Bank directly.

Good For

• Comparing Askari Bank's current, savings, and term deposit accounts side by side
• Finding the lowest-documentation account for a first-time or unbanked customer
• Identifying which account fits women, minors, freelancers, or senior citizens
• Confirming minimum balance requirements before visiting a branch

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Consumer deposit protection and account-opening rules that apply to every Askari Bank product are set by State Bank of Pakistan, with deposit insurance overseen by the Deposit Protection Corporation.

Frequently Asked Questions