Habib Bank Limited Requirements to Open New Account in (HBL)
How to open an account in Habib Bank Limited (HBL)
Habib Bank Limited (HBL) is included in one of the best banks in Pakistan with millions of account holders. It is basically a multinational Pakistani bank. Aga Khan is the owner of HBL bank and which was founded in 1941. They moved to Pakistan at the request of Mr. Muhammad Ali Jinnah and become the first commercial bank in Pakistan. Its head office is in Karachi. It is also the first microfinance bank in Pakistan. It has more than 1700 branches in Pakistan with 2,100 ATM machines.
Types of accounts in HBL
- Current account
- Saving account
- Money club account
Opening Current account
There are two types of people who can open an account in the current account of HBL.
- Business owners
- Salaried persons
Business owners
If your age is between 21 to 60 years and wants to open a business account then you can easily do that. You need to provide them the following data to open a business current account.
- 2 CNIC valid copies
- Proof of business
Salaried person
If your age is between 21 to 60 years and wants to open a salary account then you can easily do that. You need to provide them with the following data to open a salary current account.
- 2 CNIC valid copies
- Proof of employment
- Utility bills copies
You have to submit these required documents and when you are done with it then you need to pay the minimum amount of 25,000 PKR which will also help you to maintain your account and avoid tax imposition.
Features of HBL current account
You will get these features for free in your current account of HBL.
- Cheque book
- Debit card
- Cancellation of cheque
- Cheque return
- SMS alert
- Intercity clearing
- Unlimited cash withdrawals
Opening Saving account
A saving account is very similar to a current account as this account can also be opened by two types of people.
- Business owner
- Salaried person
Business owners
If your age is between 21 to 60 years and wants to open a business account then you can easily do that. You need to provide them following data to open a business saving account.
- Valid CNIC 2 copies
- Proof of business
Salaried Persons
If your age is between 21 to 60 years and wants to open a salary account then you can easily do that. You need to provide them with the following data to open a salary-saving account.
- Valid CNIC 2 copies
- Proof of employment
- Utility bills copy
You need to submit these documents to the bank and then you have to pay a 10,000 PKR fee for account opening also you have to add money to the account for maintenance.
Features of HBL Saving Account
You can get the following free features in a saving account.
- Allows you to deposit 1000000 PKR.
- Monthly e-statement
- Internet banking
- Free withdrawal money for 2 times a month
- No specific money is required for the maintenance of the account.
Opening a Money club account
If your age is less than 18 years old and wants to open a saving account in the bank then HBL bank allows you to open a saving account, they named it a Money club account. You can easily open it without any issue and can be opened with only 1 Rs.
Feature of HBL Money club account
- Any child can open it.
- They will provide you with good rates of return.
- Free checkbook.
- Profit on monthly savings.
- Free debit cards will be provided to those who are more than 6 years old.
- You can also get 20% discounts by using a Money club account debit card.
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