Savings made fun for the young ones
AL Habib Young Savers Account makes saving enjoyable for children under 18, fostering financial discipline from a young age.
Apply Now Compare Account- Free PayPak Debit Card for Young Savers aged 16 Years and Above
- Free Issuance of Banker’s Cheques
- Free First Cheque Book (10 Leaves)
- Free Online Banking
- Free E-Statements
- SMS Alerts Facility
- Incremental Rate of Profit
- Six Monthly Profit Payout
- Profit Calculated on Monthly Average Balance
- No Minimum or Maximum Balance Requirement
- The account offers two tiers of profit payout
- Free AL Habib Mobile & Netbanking Facility
- Upto 90% against deposit
Note: PayPak is the default Debit Card offered to the customers. However customers may opt for other card schemes i.e. VISA & UnionPay Debit Cards, charges will be applicable as per prevailing Schedule of Bank Charges.
Savings grow at designated Rate of Return on monthly average balance
- Up to PKR 500,000 9.50% p.a
- Up to PKR 500,000 9.50% p.a
Applicable from June 1, 2025. The Indicative rate of profit is current and subject to change
Profit would be subject to Zakat, Withholding Tax and other Government Levies unless exempted.
YSA EMV Debit Card Transaction Limits
- ATM Cash Withdrawal PKR 3,000 Amount / per day (PKR)
- POS (Point of Sale) Transaction PKR 3,000 Amount / per day (PKR)
Nominal Fee Structure
- Card Replacement Fee PKR 300
Any one of the following documents may be used as a proof of identity
- Computerized/Smart National Identity Card (CNIC/SNIC) of Guardian.
- National Identity Card for Overseas Pakistanis (NICOP)
- Proof of income or salary certificate
- In case of salaried person, copy of service/employee card
- Child Registration Certificate/B-Form /Student ID card (For Minor)
Non- Resident Rupee Account can be opened and maintained by the following individuals and entities other than banks:
- Non-resident Pakistanis (NRPs)*
- Foreign nationals except those who have obtained work visa/permit to work in Pakistan
- Firms, companies, etc. which are incorporated/registered outside Pakistan
* A person shall be treated as non-resident if his/her period of stay in Pakistan during a calendar year is less than 183 days, in aggregate.
NRP falling in any one of the above category can open the following types of Non- Resident Rupee Account
- Non-resident Rupee Account-Repatriable (NRAR)
- Non-resident Rupee Account-Non-Repatriable (NRAN)
How To Open Your Young Saver Account
Visit the nearest Bank AL Habib Branch or Download Account Opening form online and submit the duly completed form with all supporting documents at any Bank AL Habib Branch.
Fees & Charges will be levied according to the bank s prevailing schedule of charges.
Taxes and Zakat
Taxes will be applicable as per government regulations and directives of the State Bank of Pakistan
You may also be interested in
