U Bank Cash Back Asaan Salary Transfer Account
Easy Banking with U Bank Cash Bank Asaan Salary Transfer Account
U Microfinance Bank introduces the U Bank Cash Bank Asaan Salary Transfer Account, designed specifically for salaried individuals who may not have structured income documents. Whether you’re a freelancer, contract worker, or someone who doesn’t have traditional proof of income, U Bank makes banking simple and rewarding. Enjoy cashback rewards, free banking services, and more—just by transferring your salary to the account.
Key Benefits
1. Cashback on Salary Deposits
Earn up to 4% cashback on your monthly salary deposits.
Maximum cashback of PKR 25,000 per month.
Simply credit your salary into your U Asaan account and maintain a balance of at least 30% of your salary or PKR 25,000, whichever is higher.
2. Quarterly Lucky Draws
New eligible customers are automatically entered into a quarterly lucky draw to win PKR 150,000 in travel vouchers.
3. Free Banking Services - Maintain an average monthly balance of PKR 25,000 to enjoy a wide range of free banking services, including:
Cheque book issuance
Pay Order / Banker’s Cheque issuance
Debit Card issuance & renewal
Free Internet & Mobile Banking
Unlimited deposits and withdrawals
Free SMS Alerts
24/7 Call Center
4. Rebate on Loan Processing Fee
Maintain a balance of PKR 50,000+ for 3 months and receive a 50% rebate on your Salary/Khudmukhtar Loan processing fee.
Eligibility Criteria
- Individuals without structured income documents are eligible (income/job proof via digital salary transfer or other non-traditional methods is acceptable).
- Salary must be credited via employer transfer or non-cash digital self-transfer.
- Cashback eligibility depends on credited salary and average balance maintained.
- *Terms and conditions apply.
FAQs
What is the U Bank Cash back Asaan Salary Transfer Account?
The U Bank Cash back Asaan Salary Transfer Account is a current account offering cashback rewards for salary deposits made either directly by the employer or through self-transfer by the employee.
Who is eligible for the U Bank Cash back Asaan Salary Transfer Account?
Eligibility is any salaried individuals (government or private entity) with initial balance of PKR 100/- Both manual transfers and employer-directed salary deposits are eligible for cash back,
What is the cash back Criteria for U Bank Cash back Asaan Salary Transfer Account?
The cashback percentage depends on the salary bracket who fulfil requirement of 30% of salary amount as minimum average balance.
- PKR 50,000 to 99,999: 2% cashback
- PKR 100,000 to 199,999: 3% cashback
- PKR 200,000 and above: 4% cashback
What is Pay back frequency of U Bank Cash back Asaan Salary Transfer Account?
After fulfilling eligibility Cash back will be credited on monthly basis.
Can I earn cash back if I manually transfer my salary into the account?
Yes, you can earn cashback if you manually transfer your salary into the account.
Is there a maximum limit on the cash back I can receive?
Yes, the maximum cash back a customer can earn is PKR 25,000. The cash back is also limited to one account per customer; multiple accounts will not be eligible.
Customers maintaining average balance of PKR 25,000 or more are eligible for free services, such as pay order issuance, cheque book issuance, and PayPak debit card renewal. Other banking services will be subject to the bank’s standard service charges.
Customers maintaining average balance of PKR 25,000 or more are eligible for free services, such as pay order issuance, cheque book issuance, and PayPak debit card renewal. Other banking services will be subject to the bank’s standard service charges.
Can I qualify for a loan rebate on U Bank Cash back Asaan Salary Transfer Account?
Yes, salaried customers maintaining an average balance of PKR 50,000 or more for three months are eligible for a 50% rebate on the processing fee when applying for a Salary or Khudmukhtar loan.
