BOP ASAAN Current Account


Opening 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 has introduced a simplified account "BOP Asaan Current Account". This is a current account for low risk/low income unbanked/underbanked 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. This product may also be suitable for vulnerable persons (including but not limited to): Illiterate persons, Blind persons or Differently abled Persons depending on their financial needs.

Salient Features
  • Account can be opened with minimum of Rs.100
  • Account can be opened as individual, joint or minor type.
  • Account can be opened with minimum formalities.
  • There is no minimum balance requirement, no account maintaining charges.
  • The account will preferably be Debit Card based. However, cheque book may be issued as per choice of the customer.
  • Paypak debit card (Issuance/Renewal/Replacement) at subsidized charges.
  • Free 1st 25 leaf cheque book
  • Free online banking
  • SMS alert service is available as per SOBC
  • Per Month Total Debit Limit and total Credit Balance limit is Rs.1million
  • Free e-banking facility to view statement of account
  • Free of Cost Utility Bills Deposit Facility through BOP ATM Network, BOP Phone Banking and self service IVR system is available.
  • Terms and conditions apply
KEY Fact Statement
This page was last updated on: July 1, 2024 10:30:00 AM
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