How to open First Minor Saving Account in UBL bank

UBL First Minor Saving Account is a bank account opened by a toddler within the name of a parent or court-appointed guardian and minor. UBL First is designed specifically for children and aims to be the first bank account for every child, helping to develop the habit of saving. It is designed to meet the child’s future financial needs in a planned and easy way.

UBL First Minor Savings Account Benefits

1.      UBL First Minor Saving Account provides the entitled welcome pack to every account holder.

2.      UBL First Minor Saving Account provides the facility of Two ATM Debit Cards in which one is specially designed for UBL First Pocket Money Card and the other is for ATM Debit Card in which you can withdraw money from the principal account.

3.      UBL First Minor Saving Account provides the facility of anniversary surprises on account opening and birthday.

4.      UBL First Minor Saving Account provides the facility of free e-Statements.

5.      UBL First Minor Saving Account provides the facility of internet banking.

6.      UBL First Minor Saving Account provides the facility of no minimum balance penalty levied on the account.

UBL First Minor Savings Account Eligibility and Required Documents

1.      The account holder must be of Pakistani residency.

2.      This account can be opened for any child aged between one day and 18 years.

3.      UBL First Minor Saving Account can be opened with a minimum amount of PKR. 100.

4.      The account holder must provide the recent passport size photographs.

5.      The partnership account holder must provide the partnership deed with attested.

6.      The account holder must provide the documentation proof of residence either electricity bill, water bill, tenancy agreement addressed in their name.

7.      The account holder must provide documentation proof of income resources.

UBL First Minor Savings Account Profit Rate

·         The profit rate of the UBL First Minor Saving Account is 5.50%

·         For example, if an individual deposits PKR. 100,000 in an account then it will be rewarded PKR. 5,500 after a month.

How to Apply for UBL First Minor Savings Account

In order to apply for a UBL First Minor Savings Account, the interested customers should visit the nearest UBL branch and fulfill the application form along with the required documents and submit it with the branch manager.

United Bank Limited Helpline Numbers

Telephone Number: 111-825-888

Email: customer.services@ubl.com.pk

Website: https://www.ubldirect.com