Features & Benefits
Savings Account provides you immediate access to your money with unlimited transaction facilities
Free Samba ATM Card, accessible through 1-Link, Cirrus and Maestro enabled ATMs both locally and globally, 24 hours a day, 7 days a week
Free 24/7 Samba Phone banking services
Online Banking Facility
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Frequently Asked Questions (Savings Account)
Will the profit be subject to further deductions?
Profits accumulated in PLS accounts are subjected to withholding tax at the prescribed rate.
Will Zakat be deducted?
All Savings Accounts are subjected to Zakat Deduction on first Ramadan of every year @ 2.5% on the credit balance classified as "NISAB".
How can my Account be exempted from Zakat Deduction?
Exemption of Zakat by individuals may be claimed on submission of CZ-50 form. Account holder may furnish this form a month from Ramadan. Zakat is exempt from charitable institutions and welfare organisations and other organisations fulfilling the required criteria.
Can a minor open savings account?
The father of the minor or otherwise a court appointed guardian may open the account in the name of a minor.
Are Savings Account holders allowed over draft facility?
Over draft facility is not allowed for Saving Account holders; however Samba Bank Limited offers current accounts, against which a finances may be provided by the bank on terms and conditions applicable to such facilities.
