Gatwala Commercial Hub , Faisalabad is Punjab’s biggest and Pakistan’s second largest mixed use, real estate project. It has a covered area of over 3.1 million sq. ft.

This mega project, designed and developed by Shah Nawaz Associates, is located, at the junction of Canal Expressway and Lahore Sheikhupura Road. The road in front of the GCH project, has an average traffic count of 30 vehicles per minute. become, the city’s next mega center for trade, commerce, industries as well as residential projects.



Best Saving Accounts in Pakistan

The recent surge in inflation has affected the purchasing power of people, forcing them to cut down on their expenses. In an effort to tackle the rising inflation, the central bank has increased the interest rate to reduce demand and make borrowing expensive for citizens. This is why many people have been considering opening a savings account as they provide some sort of cushion against high inflation. In order to provide insight into these accounts, Graana.com, Pakistan’s smartest property portal, has shared the list of some of the best saving accounts in Pakistan. 


List of Best Saving Accounts in Pakistan

When a central bank raises the interest rate, it means banks will have to adjust the profit rate to attract more clients. This incentive will encourage people to not spend the money they have in the open market. Essentially, the money you have in the bank will be worth less when you take the inflation rate into account. 

For instance, if the inflation rate is 5%, then in reality you will be losing money that is sitting idle in your account. This is why most people deposit money in savings accounts to negate the effect of inflation. The savings account isn’t likely to keep pace with the current inflation rate but can help reduce some impact of inflation on purchasing power.

Following are some of the saving accounts that provide better profit rates compared to other monthly saving accounts in Pakistan.


Alfalah Kifayat Monthly Savings Account

Best Saving Accounts in Pakistan

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This savings account from Bank Alfalah offers monthly profits and easy access to your savings with unlimited withdrawals and deposits from your account. In Alfalah Kifayat, there is a tier-based system where the individual with higher deposits will get higher profits. Some of the key features of this account are listed below.

  • Payment of profit on a monthly basis
  • Unlimited deposits and withdrawals every month
  • The monthly profit rate of 12.35% for deposits of Rs. 100 to 4.99 million and 12.75% for deposits of 5 million and above
  • Availability of locker facility (subject to availability at relevant branch)
  • Account opening with a deposit of just Rs. 100 



Following are some of the benefits of opening an Alfalah Kifayat savings account:

  • Monthly profit calculation on the average monthly balance
  • Higher returns on higher deposits
  • Free monthly e-statements
  • No requirement for a monthly balance


Eligibility for Opening Account

  • Age limit of 21 to 60 years for salaried individuals and 21 to 65 for self-employed individuals/businessmen.
  • Salaried individuals have to submit a copy of CNIC, proof of employment and a copy of the utility bill for account opening. 
  • Businessmen have to submit a copy of CNIC and proof of business to open a bank account.


UBL Mahana Aamdani Savings Account

Best Saving Accounts in Pakistan

(Source: Business recorder)


United Bank Limited (UBL) is also offering the option of a savings account that provides an attractive rate of return to customers. This is suitable for individuals who want to get a competitive profit rate. Some of the features of this account are listed below.

  • Unlimited withdrawals and deposits every month
  • Tier-based account
  • Higher rate of return
  • Transactional flexibility
  • Profit calculation on the monthly average balance in the account



Some of the benefits of the savings account are given below.

  • No monthly minimum balance requirement
  • Opening of account with just Rs. 100
  • Free monthly e-statements
  • Higher rate of profit for higher deposits


Eligibility and Required Documents

Following is the eligibility criteria for salaried individuals.


Salaried Person:

  • Age limit: 21 to 60 years
  • Copy of CNIC and proof of employment



  • Age limit: 21 to 65 years
  • Copy of CNIC and proof of business


Meezan Bachat Account

Meezan Bank Bachat Account

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Meezan Bank is offering the best Islamic saving account in Pakistan to customers, with high monthly returns and the flexibility of withdrawing your savings. An Islamic savings account works differently from other savings accounts. 

The customer and the bank enter into a relationship with the customer being the investor (Rab-ul-Maal) and the bank is the manager (Mudarib) of the money deposited in the account. 

After depositing the funds, the bank adds the funds to the deposit pool, from which the bank distributes the funds according to the customer’s needs. The distribution of the funds has been done through Islamic modes. In this savings account, the bank will share 50% of the gross income and the other 50% of the income will be shared by the customer. 

Some of the features of this account are listed below.

  • Minimum deposit of Rs. 50,000 for account opening
  • Calculation of profit on a daily basis
  • A tier-based system with a profit rate of 6.50% per annum for a minimum monthly balance of Rs. 1 to 4.9 lacs, and 6.84% for a monthly minimum balance of Rs. 5 lacs to 25 million or above



Below are some of the benefits of the Meezan Bachat account.

  • Payment of profit on a monthly basis
  • Easy account opening process
  • No fee is charged for the issuance of a chequebook


To open the Meezan Bachat account, you have to fill out the account opening form and submit required documents, like a copy of your CNIC and proof of employment or business. Furthermore, you have to deposit a minimum of Rs. 50,000 as well to open the bank account.


Standard Chartered High Yield Savings Account

Standard Chartered Savings Account

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The savings account from Standard Chartered is an excellent option as it yields higher returns. It also offers more liquidity and is best for someone who wants flexibility in withdrawing funds. For your convenience, we have shared some of the features of the Standard Chartered savings account below.

  • An attractive interest rate of 12.25% annual percentage rate (APR)
  • Calculation of profit on daily balance that is paid on a monthly basis
  • An initial deposit of Rs. 5 lacs is required
  • Minimum average monthly balance of Rs. 5 lacs is required



Following are the benefits of depositing funds in a Standard Chartered high-yield savings account.


  • Minimum balance of Rs. 5 lacs
  • 12.25% APR on savings account
  • Access to funds in the bank account 24/7 through online banking


Required Documents

  • CNIC
  • Copy of any utility bill addressed in your name to provide proof of residence
  • Proof of employment and business



  • Must be a Pakistani national
  • Age of 18 years or above


All these accounts offer good returns to the customer. It is advised that you should use the profit from these savings accounts to invest in tangible assets like real estate that can help in negating the effect of high inflation. 

To know more about the best saving accounts in Pakistan, visit Graana blog.

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