More About Asaan Mobile Account
How to Apply for AMA
How to Link Your Existing Account
Key Features of AMA Platform
Asaan Mobile Account Eligibility Criteria
Transaction/Balance Limits
Despite the fact that our mobile phone industry has now been dominated by smartphone users, many people living in different parts of the country still use simple bar phones and feature phones. They usually don’t have access to the latest mobile applications designed for smartphones and 3G/4G internet technology.
So, in order to promote the concept of branchless banking among the masses and also to facilitate the low-income group of the society, the State Bank of Pakistan (SBP) has launched the Asaan Mobile Account (AMA) platform. This groundbreaking initiative has been introduced in collaboration with more than 13 commercial banks operating nationwide.
In this blog, we are going to give you all the important details about the Asaan Bank Account initiative by SBP including its application process and key features.
Now, without further ado, let’s get started!
More About Asaan Mobile Account
‘Asaan’ means ‘easy’ in English. So, as the name of the newly launched AMA platform implies, it now allows anyone to open a branchless bank (BB) account in Pakistan and use all the financial services available online in a simple, affordable and easy way without even having access to a smartphone or an internet connection.
The Asaan Moblie Account initiative has been launched under the umbrella of the SBP’s National Financial Inclusion Strategy (NIFS), which has been designed to facilitate the general public, specifically the low-income segment.
How to Apply for Asaan Mobile Account
Anyone with a smartphone or a feature phone can apply for Asaan Mobile Account in a few simple steps. Here’s How!
- Dial *2262# from your phone to access the Asaan Mobile Account (AMA) platform.
- Now, select the “Register for Asaan Mobile Account” option.
- After selecting the option, you have to choose your preferred bank or mobile wallet service like Easypaisa or JazzCash from the list. A limited number of options will appear on the first screen, you may have to press “9” to see more options.
- Once you have made your choice, now you’ll have to enter your CNIC number without dashes when prompted. And, then enter your CNIC issuance date.
- After entering all the required information, select “Yes” for account authorisation. You may get a confirmation call from your concerned bank. Your account will only be activated for transactions after the authorisation and confirmation process.
How to Link Your Existing Bank Account with AMA Platform
Asaan Mobile Account by SBP also gives you an opportunity to link your existing bank account for easier accessibility. Take a look at the step-by-step process below:
- Dial *2262# from your phone to access the Asaan Mobile Account (AMA) platform.
- Now, select the “Request to Link Existing Bank Account” option.
- Choose the bank where you already have an account from the given list.
- Enter your CNIC details before you proceed to the next step.
- Now, you will be asked for your bank account PIN number. If you haven’t got one already, then request your concerned bank for it.
- Once you have entered all the requested details and authorised your action by selecting “Yes”, you’ll get a confirmation message regarding your account linkage.
Key Features of Asaan Mobile Account
Opening a mobile account on the AMA platform facilitates you in a number of ways. Here are some of its noteworthy features:
Balance Inquiry: Access your mobile bank account and get your account balance instantly on the screen of your phone.
Mini Statement: You can also request and obtain a statement of the transactions in your account from your phone using the AMA platform.
Send Money: Transfer funds instantly by accessing the AMA platform securely from your phone to any bank account in Pakistan.
Bill Payment: Instead of rushing to your nearest mobile phone shop or bank, you can now simply get your phone’s credit topped up and pay utility bills (electricity, telephone, gas, etc.) using the AMA platform even from your feature phone.
Bank Account PIN Change and Closure: If you want to change your bank account PIN number or want to close your mobile bank account if you no longer need it, the AMA platform allows you to easily get it done from your phone in a few steps.
Cash Deposit/Withdrawal Facility: Asaan Mobile Account by SBP allows customers the ease of depositing and withdrawing cash from their nearest bank branches as well as agents of mobile wallet services like Easypaisa and JazzCash. To avail of these deposit and withdrawal services, you need to be a biometrically verified customer, which is important to keep your account safe from scammers.
Eligibility Criteria for Asaan Mobile Account
All you need to open your Asaan Mobile Account is a valid CNIC and a mobile phone, either a feature phone or a smartphone.
Transaction/Balance Limits of Asaan Mobile Account
Following are the transaction and balance limits for Asaan Mobile Account holders
| Transaction Limits | Deposit (PKR) | Withdrawal (PKR) |
| Daily Limit | 25,000 | 25,000 |
| Monthly Limit | 50,000 | 50,000 |
| Yearly Limit | 200,000 | 200,000 |
Maximum Account Balance Limit: PKR 200,000
There you have it — a complete overview of the newly launched AMA platform by SBP.
We hope this blog has provided you with all the necessary information about this branchless banking initiative that aims to facilitate the masses. If you have any questions or feedback on the subject, feel free to reach out to us at blog@zameen.com.
For more informative guides on the different types of government-backed initiatives, stay connected to Zameen Blog — home to the best lifestyle and real estate blogs in Pakistan.
