Meezan Bank Account Opening: With the rapid advancement of technology, the financial industry has undergone significant transformations, revolutionizing the way we manage our money.
Meezan Bank, a renowned Islamic bank in Pakistan, has embraced this digital revolution by introducing a convenient and user-friendly online account opening service.
Whether you are a tech-savvy professional or a busy entrepreneur, Meezan Bank’s account opening online facility ensures a hassle-free banking experience from the comfort of your own home or office.
In this article, we will explore the charges, requirements, limits, and a step-by-step guide on Meezan Bank account opening online. So, let’s start our guide!
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Meezan Bank Account Opening Online | How To Open Bank Account In Meezan Bank
Table of Contents
- Meezan Bank Account Opening Online | How To Open Bank Account In Meezan Bank
- How To Open a Meezan Bank Account In Pakistan?
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Meezan Bank Account Opening Key Features
Meezan Bank Account Opening: Riba-free Meezan Asaan Current Account Benefits:
| Features: | Details |
|---|---|
| Free Chequebook: | No charges for issuing a checkbook. |
| Free Pay Orders: | Pay orders are issued free of charge. |
| Internet Banking: | Access online banking services for free. |
| Minimum Deposit: | Only Rs. 100 required to open an account. |
| Online Branch Banking: | Enjoy free online banking at all Meezan Bank branches. |
| Withdrawal Limit: | Withdraw up to Rs. 1,000,000 per month. |
| Maximum Credit Balance: | Maximum credit balance limit of Rs. 1,000,000. |
| Visa Debit Card: | Use the globally accepted Meezan Visa Debit Card for transactions. |
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Meezan Bank Account Opening Requirements
Meezan Bank Account Opening: Riba-free Meezan Asaan Current Account Opening Requirements:
| List of Documents | Details |
|---|---|
| Proof of Business/Work: | |
| Business Registration Document: | Official document proving business registration. |
| Business Proprietor Letter Head: | Letterhead or official document from the business owner. |
| Partnership/Business Deed: | Legal document showing partnership or business agreement. |
| Housewives Declaration: | Statement from a housewife declaring her profession or source of income. |
| Student ID Card/Letter from Educational Institute: | Identification or letter from the educational institution. |
| Iqama/Work Permit: | Legal permit indicating employment status and nature of work. |
| Any other Document evidencing the Profession: | Additional document demonstrating profession or self-employment. |
| Source of Income/Funds: | |
| Receipt of Payment against Work: | Proof of payment received for work or services. |
| Account Statement: | Document showing transaction history in the account. |
| Particulars of Income/Funds Providers: | Details of individuals or entities providing income or funds. |
| Tax Statement/Return Certificate: | Official tax document showing income and tax payments. |
| Any other Document evidencing Source of Income: | Additional document demonstrating source of income or funds. |
| Proof of Profession (Employed Salaried Persons): | |
| Valid Job/Employee Card: | Identification card provided by the employer. |
| Employer/Job Certificate: | Official certificate from employer confirming employment. |
| Employment Contract: | A legal contract outlining terms of employment. |
| Employer Letter: | Official letter from employer confirming employment. |
| Iqama/Work Permit showing Profession/Employment Details: | Legal permit indicating employment details. |
| Retirement Letter/Proof of Retirement (For Retired Persons): | Document confirming retirement status. |
| Any other Document evidencing the Profession: | Additional document demonstrating profession or employment status. |
| Source of Income/Funds (Both Salaried/Non-Salaried/Self-employed/Unemployed): | |
| Latest Salary Slip: | Document showing details of salary payment. |
| Salary Certificate: | Official certificate from employer showing salary details. |
| Payment Slips/Record: | Record of payment transactions. |
| Account Statement: | Document showing transaction history in the account. |
| Tax Statement/Return/Certificate: | Official tax document showing income and tax payments. |
| Evidence of Terminal Benefits/Pension Book (For Retired Persons): | Document showing retirement benefits or pension details. |
| Any other Document evidencing Source of Income: | Additional document demonstrating source of income or funds. |
| Miscellaneous/Others: | |
| Interest Income: | An additional source of income derived from interest. |
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How To Open a Meezan Bank Account In Pakistan?
Meezan Bank Current Account Opening Online
Meezan Bank Account Opening: Step-by-Step Process of Meezan Bank Current Account Opening Online:
| Step: | Details |
|---|---|
| 1. Download the app: | Download the Meezan Bank app on your phone from the app store. |
| 2. Verify mobile number: | Verify your mobile number by entering the OTP sent to your phone. |
| 3. Input ID details: | Enter your ID (CNIC, etc.) details for verification purposes. |
| 4. Provide occupation: | Provide information about your occupation or profession. |
| 5. Perform Biometric: | Complete biometric verification using your phone’s fingerprint or face recognition. |
| 6. Capture Live Selfie: | Take a live selfie as part of the verification process. |
| 7. Review and submit: | Review all the information you’ve entered and press the submit button. |
| 8. Welcome to Meezan Bank: | Congratulations! Your account is now open, and you’re officially a Meezan Bank customer. |
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Meezan Bank Account Opening By Visiting Nearest Branch
Meezan Bank Account Opening: Step-by-Step Process of Meezan Bank Current Account Opening by Visiting the Nearest Branch:
| Step: | Details |
|---|---|
| 1. Customer Visit: | Visit a Meezan Bank branch to open an account. |
| 2. Product Information: | A Bank representative explains the different types of deposit products available. |
| 3. Product Selection: | Customer selects the deposit product that suits their needs. |
| 4. Documentation Submission: | The customer submits a. Account Opening Form (AOF), Specimen Signature Card, and Declarations (FATCA/CRS/KFS, etc.). b. Required identification/source of income documents. |
| 5. Verification Process: | Bank staff conducts a. Biometric verification. b. Compliance checks using customer’s credentials. Additional information/documents may be requested for high-risk customers. c. Account number is generated after initial verification. |
| 6. Initial Deposit: | The customer deposits the initial amount for ATM, SMS, and account opening. (Initial deposit varies based on account type mentioned in KFS.) |
| 7. Account Activation: | Account is activated/operative within: – One (1) working day (24 hours) for individual accounts. – Two (2) working days (48 hours) for entity accounts, subject to completion of all documentation & formalities. |
| 8. Collect Cheque Book & Debit Card: | After account activation, the customer can collect the book & Debit Card from the branch after three (3) working days. |
| Note: | 1. If the source of income is not salary or rent, a branch staff visit will be conducted at the customer’s business address. 2. Turn Around Time may increase if Enhanced Due Diligence is required or any approvals are needed, or until rectification of any discrepancy identified by the Bank. |
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Meezan Bank Account Opening Form
Meezan Bank Account Opening: When filling out an account opening form, you will be required to provide the following information:
- Personal Information: This includes your full name, date of birth, gender, nationality, and contact details such as address, phone number, and email address.
- Identification Documents: You will need to provide details of your valid identification document, such as your CNIC, SNIC, NICOP, passport number, etc.
- Source of Income: You may be asked to provide information about your occupation, employer’s name and address, monthly income, and other details related to your source of income.
- Account Type: Indicate the type of account you wish to open, such as a current account, savings account, or any specific product offered by Meezan Bank.
- Nominee/Power of Attorney: If applicable, provide details of a nominee or power of attorney, including their full name, relationship, and contact information.
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Meezan Bank Internet Banking Registration
Meezan Bank Account Opening: After accessing the Meezan Bank official website for Internet banking registration at https://ebanking.meezanbank.com/AmbitRetailFrontEnd/mblOnlineRegistration.
Provide the initial information CNIC/NICOP, NTN, or passport number, and then follow the next steps to complete the online banking registration by providing the following information step-wise.
- Create a User ID: Choose a unique User ID for your online banking account. This User ID will be used to log in to your Internet banking account in the future.
- Set a Password: Create a strong and secure password for your online banking account. The password should be a combination of alphanumeric characters, and symbols, and be at least eight characters long.
- Verify Personal Information: Review the personal information provided during the registration process to ensure accuracy. Make sure your CNIC/NICOP, NTN, or passport details are correctly entered.
- Accept Terms and Conditions: Read and accept the terms and conditions of Meezan Bank’s Internet banking service.
- Provide Contact Details: Enter your contact details, such as your mobile number and email address, to receive important notifications, alerts, and updates regarding your online banking account.
- Secure Your Account: Set up security measures such as security questions and answers or additional authentication methods, if prompted.
- Complete the Registration: Once all the required information has been provided, review the registration form to ensure accuracy.
- Accessing Your Online Banking Account: After completing the registration, you will receive confirmation and instructions on how to log in to your newly created Internet banking account.
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Meezan Bank Account Opening Pros And Cons
Pros Of Meezan Bank Account Opening
- Riba-Free Banking: Meezan Bank operates on the principles of Islamic banking, making it an appealing choice for individuals seeking a banking system that is free from riba (interest).
- Wide Range of Products: Meezan Bank offers a diverse range of deposit products, including current accounts, savings accounts, and investment options.
- Customer Support: Meezan Bank prioritizes customer satisfaction and provides reliable customer support services.
Cons Of Meezan Bank Account Opening
- Limited International Presence: Meezan Bank primarily operates within Pakistan, which may be a limitation for customers who require international banking services or who frequently travel abroad.
- Service Availability: The availability of certain services or products may vary based on the location of the branch or the type of account.
- Limited Branch Network: While Meezan Bank has an extensive branch network across Pakistan, some remote or rural areas may have limited branch availability.
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Meezan Bank Current Account Opening FAQs
What are the Meezan Bank account opening charges?
Meezan Bank account opening has varying charges depending on the type of account.
For example, Meezan Bank Asaan Account opening is free of cost, you just need to deposit PKR 100 as an initial deposit
How can I obtain an ATM card for my Meezan Bank Asaan Account and what are the associated charges?
To obtain an ATM card for your Meezan Bank Asaan Account, you can inquire about the process and associated charges at your nearest Meezan Bank branch. There are no charges for an ATM card for my Meezan Bank Asaan Account.
How can I check my Meezan Bank account balance online?
Meezan Bank provides online banking services that allow customers to conveniently check their account balances.
You can access your account through the Meezan Bank Account Opening official app or their Internet banking portal to view your account balance and transaction history.
What are the requirements for opening a Meezan Bank account?
Meezan Bank Account Opening requirements may include providing valid identification documents such as CNIC, SNIC, NICOP, proof of address, and proof of income/source of funds.
Can I access my Meezan Bank account statement online?
Yes, Meezan Bank provides online access to account statements. You can view and download your account statement through the bank’s official app or Internet banking portal.
Meezan Bank Account Opening Online allows you to conveniently track your transactions and monitor your account activity.
How can I open a Meezan Bank account?
Meezan Bank Account Opening: To open a Meezan Bank account, you have two options: online account opening or visiting the nearest branch.
For Meezan Bank Account Opening online, you can download the Meezan Bank Official App and follow the step-by-step process provided.
Alternatively, you can visit the nearest Meezan Bank branch for Meezan Bank Account Opening, obtain an Account Opening Form (AOF), fill it out, and submit it along with the required documents.
What documents are required for the Meezan Bank account opening?
The documents typically required for Meezan Bank account opening include a valid identification document (such as CNIC, SNIC, NICOP), proof of address, source of income details (such as salary slips or business documents), and any additional documents specified by the bank.
What are the withdrawal limits for Meezan Bank accounts?
Meezan Bank Account Opening imposes certain withdrawal limits to ensure security and compliance. While there are unlimited withdrawals allowed, there may be restrictions on the withdrawal amount above PKR 1,000,000 per month.
It is advisable to refer to the specific terms and conditions of your chosen Meezan Bank account or contact the bank directly for detailed information on withdrawal limits.
Does Meezan Bank provide Islamic banking services?
Yes, Meezan Bank Account Opening is known for its Islamic banking principles and offers Riba-free (interest-free) banking solutions.
This appeals to individuals who prefer banking services that comply with Islamic financial principles.
What is the minimum deposit required to open a Meezan Bank account?
Meezan Bank Account Opening has a minimum deposit requirement for the account. As per the information provided, the minimum deposit for an Asaan Current Account is Rs. 100/-.
However, it’s important to note that different Meezan Bank Account Opening types may have different minimum deposit requirements.
Can I open a Meezan Bank account if I am a minor (less than 18 years)?
Yes, Meezan Bank Account Opening online allows Pakistani citizens who are minors to open an account. In such cases, a valid Form-B or Juvenile Card is required as an identification document.
Additional requirements or conditions may apply, so it is recommended to contact Meezan Bank directly for detailed information on Meezan Bank Account Opening as a minor.
What are the benefits of opening a Meezan Bank Asaan Current Account?
The Meezan Bank Account Opening offers several benefits, including a free:
Chequebook, free pay orders, free internet banking, free online banking, a globally accepted Meezan Visa Debit Card, unlimited withdrawals (with a restriction on amounts above PKR 1,000,000 per month), and a maximum credit balance limit of PKR 1,000,000.
How long does it take for a Meezan Bank account to be activated?
Meezan Bank typically activates and makes the account operative within one working day after completing the account opening process.
Once the account is activated, you will receive the necessary details and instructions to access and manage your account.
It’s important to note that the activation timeframe may vary and can be influenced by various factors, so it’s advisable to contact Meezan Bank Account Opening officials for the most accurate information regarding account activation timelines.
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