Mehfooz Bachat Account

Higher the deposit, higher the return on your savings!

U Bank’s Mehfooz Bachat Account enables its deposit customers to easily secure their savings and earn an income on their monthly average balance. This savings account is meant for all customers, including individuals and small businesses, and gives them the perfect opportunity to receive a big return on their small investments.

Salient Features

Profit up to 6%

Profit Payout on a Monthly Basis

Cheque Book and Debit Card Facility

No Restriction on Deposit and Withdrawals

No Restriction on Minimum Monthly Deposit Balance

Maximum Deposit Limit: PKR 50,000,000

Calculation of Profit on Monthly Average Deposit Balance

Higher the Deposit Volume, Higher the Return Rate

Required Documents

Valid CNIC of the applicant
Income proof

Terms & Conditions are applicable

FAQs

How can I open a Savings Account at U Bank?

The customer will be required to follow the following steps:

Visit your nearest U Bank branch
Choose the service you wish to avail
Provide the required KYC documents
Fill the provided account opening form, sign, and submit

What is the eligibility criteria for this account?

Any resident Pakistani with a valid CNIC or NICOP. In case of house wife, spouse income source /proof can be considered.

How is this account different from a current account?

This account provides a monthly return on the deposit

What is the minimum balance requirement?

None

What documentation is required to open this account?

The following documents are required:

Valid CNIC of the applicant
Proof of income

How long does the account opening process take place?

The process takes approximately 2 to 3 working days

Is the profit payout monthly or on an annual basis?

Monthly

Is there any limit on the number of transactions?

No, this account allows unlimited transactions

Are there any value-added services being offered on this account?

No Restriction on Deposit and Withdrawals
No Restriction on Minimum Monthly Deposit Balance

Who can open this account?

Sole Proprietors, Individual Customers, & Corporations

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Rehnuma Bachat Account

Tailored to financially empower women!

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Rozana Munafa Bachat Account

Earn profit on a daily basis!

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Success Stories

Bringing Dreams to Life

Yasir Sheikh, a resident of Sheikh Muhalla in Shikarpur, Sindh, always dreamed of running his own business. He began with a small cart selling snacks on the street and gradually expanded to owning a grocery store. As his family grew, Yasir’s desire to provide a quality education for his children intensified. He enrolled them in good private schools, but soon found himself struggling to manage the school fees alongside daily expenses. Faced with the difficult choice between feeding his family and paying for education, Yasir felt overwhelmed and worried. In search of a solution, Yasir turned to U Bank for financial support. The bank's staff guided him through the loan options, and he quickly secured the necessary funds with Barhta Karobar Plus Loan. Within a year, Yasir not only expanded his grocery business but also successfully repaid the loan. Today, his store offers a wider variety of products, his income has increased, and his children are receiving the education he always dreamed of providing. Yasir’s story is a testament to how U Bank's microfinance services can empower small businesses to improve lives and livelihoods in Pakistan.

From Salesman to Business Owner

M. Iqbal Qadri from Adda Shabeel, Sahiwal – Punjab, Pakistan, is a determined business owner, who was working for a small pharmacy as a salesman before progressing to opening his own shop in Sahiwal. Sahiwal, where he is from, is an agricultural region and his family had traditionally been farmers. Between 2006 and 2007, Iqbal worked as a salesman, before he decided to open up his own retail store. He further required capital to expand it and increase his customer inflow. With suggestions from his friends, he twice availed the U Bank Islamic Banking - Apna Karobar Premium Murabaha Financing facility to add investment to his store for its growth. Today, he owns the shop himself, has added inventory and variety to his store, does not have to pay rent, sends his kids to good schools, and is living a good life.

U Bank Transforming Lives of Entrepreneurs

In the rural town of Kot Laysan, Rajanpur, Punjab, Tauqeer Ahmed has been running a successful clothing shop in Saddar Bazaar for 16 years, offering a wide variety of female clothing, from formal wedding clothes to casual dresses. Before starting his own business, Tauqeer worked as a salesman in a jewelry store for a decade, where he struggled with financial constraints. Realizing the potential in the clothing market, he decided to open his own shop, which required less initial investment and promised higher sales. To further expand his business, Tauqeer turned to U Bank for a Running Finance facility. The bank responded promptly, processing his loan quickly and offering a low markup rate. With this financial support, Tauqeer was able to invest in his business, resulting in substantial growth. Now, he enjoys daily sales of thousands of rupees, his income has improved significantly, and he has elevated his household's living standards. Tauqeer’s story highlights the vital role that U Bank's microfinance services play in empowering small and medium-sized businesses in Pakistan.

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