BOP ASAAN Saving Account

Opening of a bank account is not an easy task nowadays. A long list of formalities is required to open a bank account. The Bank of Punjab is now introducing a simplified account "BOP Asaan Saving Account". This is a saving chequing account for low risk common people/individuals who face difficulties in account opening due to strict requirements/formalities. These segments of society may include but are not limited to self employed, pensioners, students, farmers, women/housewives, young adult population, work force etc.

Salient Features
  • This is a profit bearing account (normal PLS Saving Bank profit rate as declared from time to time) with value added features.
  • Account can be opened with minimum of Rs.100/- as initial amount.
  • Account can be opened as individual, joint or minor type.
  • Account can be opened with minimum formalities and on one pager account opening form.
  • There is no minimum balance requirement.
  • There are no Service Charges.
  • The account will preferably be ATM/Debit Card based. However; cheque book may be issued as per choice of the customer.
  • Master Debit Card is subsidized at Rs.250/- (plus taxes) per annum for both issuance and renewals.
  • Online facility (within city/ Intercity) available as per SOC.
  • Per Month Total Debit Limit is Rs.500,000/-
  • Total Credit Balance limit is Rs.500,000/-
  • Account can be converted into normal saving account after completion of remaining formalities if later on, accountholder requires financial services for higher amounts than the above specified limits.
  • Free e-banking facility to view account balance and statement of account is available.
  • Free of Cost Utility Bills Deposit Facility through BOP ATM Network, BOP Phone Banking and self service IVR system is available.
This page was last updated on: March 6, 2018 4:12:12 PM