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Faysal Bank is a Pakistani Islamic and commercial bank based in Sindh, city of Karachi, Pakistan. The bank was founded in 1994 with currently 450 branches all across the country, however, there is a business development plan with an oath to increase the number of branches by 200 till 2020.
Faysal Bank also provides its users with the facility of internet banking through its Mobit app, the app helps you to maintain your finances from the comfort of your home.
Some of the features of the Faysal Bank internet banking are mentioned below:
Let’s look at 2 different types of account you can open at Faysal Bank:
There are 2 types of people who can apply for a current account at Faysal Bank:
Salaried individual:
To apply for a current account at Faysal Bank, you need to collect the following documents:
Business owner:
Collect and submit the following documents to the bank if you want to open a current account at Faysal Bank:
After you’ve submitted these documents, you’d also need to pay a minimum fee of 1000 PKR for account opening and will also need to maintain a minimum balance of 25000 PKR for account maintenance (this opening and maintenance fee is for Sahulat current account), if you want to know the opening fee for other types of current account visit the Faysal Bank website.
There are 2 types of people who can apply for a savings account at Faysal Bank:
Salaried individual:
To apply for a savings account at Faysal Bank, you need to collect the following documents:
Business owner:
Collect and submit the following documents to the bank if you want to open a savings account at Faysal Bank:
After submitting these documents you’d also need to pay a minimum fee of 100 PKR for account opening while no minimum balance is required for account maintenance.
The Faysal Bank PLS savings account has an annual equivalence rate(AER)/interest rate of up to 8.25%.
In all these are the 2 types of accounts you can open at Faysal Bank, so if you feel interested, visit your nearest Faysal Bank branch to apply or download the account opening form to fill it at home.
Not convinced? Here is a complete list of all Pakistani banks where you can open your accounts:
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