Civilian Issues

How to open an account in JS Bank

JS Bank is a public bank that was established on December 30, 2006. Based in Karachi, the bank was formed as a merger of 2 large companies (Jahangir Siddiqui Investment Bank Limited and American Express Bank Limited) by Jahangir Siddiqui. Currently, the Bank has its presence in 172 cities with 345 branches throughout the country with 1 international branch in Bahrain.

JS Bank also provides its users with the ease of Internet Banking to manage and maintain their account details anywhere.

Internet Banking Facilities

  • Interbank funds transfer service
  • Ease of transfer of internal funds
  • Payment of utility bills
  • Mobile phone payment and top-ups
  • Check Stop Payment
  • Debit / ATM card lock (for lost or stolen debit / ATM cards)
  • Consult book request
  • Payment request/demand draft request
  • Permanent instructions
  • Account statements
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Let’s see 2 different types of accounts that you can open in JS Bank

  1. Current account
  2. Savings account

Current Account:

There are 2 types of people who can request a checking account at JS Bank:
Salaried individual (age limit: 18 to 70 years)
Business owner (age limit: 18 to 70 years)

Salaried individual:

To request a checking account at JS Bank, you must collect the following documents:

  • CNIC
  • Proof of employment (through an employment verification letter)
  • Copy of your utility bills

Business owner:

Collect and send the following documents to the bank if you wish to open a checking account at JS Bank:

  • CNIC
  • Business Proof
  • Copy of utility bills
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After submitting these documents, you must also pay a minimum fee of 1000 PKR for opening the account, while a minimum balance is not required for account maintenance (this opening fee is for the JS premium checking account), For more information on JS checking accounts visit this page.

Features of the Current Account:

  • Enjoy free services by maintaining a minimum monthly balance of 100,000 PKR.
  • Offers unlimited checkbook, payment orders, and demand drafts
  • Duplicate account statements
  • Free online banking service in all branches.
  • Mobile insurance and wallet theft.
  • Unlimited withdrawals and deposits every month.

Savings account:

There are 2 types of people who can apply for a savings account at JS Bank:
Salaried individual (age limit: 18 to 70 years)
Business owner (age limit: 18 to 70 years)

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Salaried individual:

To request a savings account at JS Bank, you must collect the following documents:

  • CNIC
  • Proof of employment (through an employment verification letter)
  • Copy of your utility billsCompany owner:

Business Owner:

  • CNIC
  • Business Proof

After submitting these documents, you must also pay a minimum fee of 1000 PKR for opening the account, while a minimum balance is not required for account maintenance.

The JS Bank PLS savings account has an annual equivalence rate (AER) / interest rate of up to 6.5%.

Features of the savings account:

  • Free ATM card
  • Free locker installation
  • Unlimited withdrawals and deposits every month.
  • Profit calculated on the average monthly balance.
  • The interest rate depends on the amount deposited.

So, if you want to open an account at JS Bank, go to your nearest JS branch to request it.

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