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 Saving Account". This is a saving 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.