UBL stands for United Bank Limited. It is a Pakistani commercial bank which is alternate of British company Bestway Group. UBL is included in one of the largest private sector bank in Pakistan and having 1,400 branches in Pakistan and 19 overseas branches. It’s headquarter is based in Karachi and having customers of 4 million people all over the world.
UBL is providing a lot of facilities to its customers
👉 Consumer Loans.
👉 Card Products.
👉 Deposit Products.
👉 Priority Banking.
👉 Corporate Banking.
👉 Investment Banking.
👉 Omni – Branchless Banking.
👉 UBL Netbanking
👉 Funds transfer
👉 Payment of Utility bills
👉 Mobile Top-up / Vouchers
👉 Online Shopping payment
👉 Funds Investment
👉 School Fee Payments
👉 Payment of UBL loans
👉 UBL is offering 3 types of accounts.
📢 Current account
📢 Savings account
📢 Asaan account
✅ Current Account
At UBL bank only types of people can apply for current account.
- Salaried individual
Age limit: 18 to 70 years old
- Business owner
Age limit: 18 to 70 years old
☑ Salaried individual
If you want to apply for current of salaried individual then you need following documents.
CNIC original and photocopy
Employment verification letter as employment proof
Copy of your utility bills
☑ Business owner
You need to submit following documents to open current account for business owner.
CNIC
☑ Proof of business
When you have submit these following documents then after that you have to pay 1000 PKR for opening of account and you don’t need any specific amount for the maintenance of account.
Features of Current Account
- 👉 Inter Branch Online Transactions – Country Wide
- 👉 Debit ATM Card service
- 👉 Issuance of Cashier’s Cheque
- 👉 Cheque Book
- 👉 Counter Cash Deposit
- 👉 Cancellation of CC/ CBC
- 👉 Cheque Returned Unpaid from Payee’s Account in Outward Clearing
- 👉 Clean bill for Collection
- 👉 Duplicate Cashier’s Cheque/ CBC
- 👉 Duplicate Account Statement
- Issuance of RTC
- 👉 UBL Go Green SMS Alert
- 👉 Free Internet Banking
- 👉 Free Accidental Death & Disability Insurance
✅ Savings Account
There are also two types of persons who can open account of saving account as current account.
- Salaried individual
Age limit: 18 to 70 years old
- Business owner
Age limit: 18 to 70 years old
☑ Salaried individual
To open account of saving account of salaried individual, you need the documents same as current account.
CNIC original and photocopy
Employment verification letter as employment proof
Copy of your utility bills
☑ Business owners
Its documents are also same as current account that are following.
CNIC
☑ Proof of business
After submitting the documents, just pay 100 PKR for account opening fee and you are done.
Interest rate of MCB Islamic bank saving account is 11.25%.
Features of Savings Account:
No withdrawals limitation
Profit payment is on the basis of half year.
Calculation of profit is on a monthly average balance.
✅ Asaan Account:
If you don’t want stand in lines and don’t want to include in a lot of formalities like providing documents for apply for an account then Assan aacount is for you.
You don’t need to follow many formalities, you just need your CNIC and have to pay 100 PKR fee for account opening and you are done.
Features of Asaan Account
- The flexibility of Opening Current or Savings Account
- No minimum balance required
- No Fee for Debit Card Issuance
- No Service Charges for account opening or closing
- Total Debit per month up to 500,000 PKR.
- Total credit balance limit up to 500,000 PKR.
These are the accounts that you can opened in UBL bank. If you are interest to open any of the account then just go to the nearest branch of UBL and follow the steps that we tell you.