Sindh Bank empowers the youth of Pakistan with a dedicated Teenager Account. Designed to foster financial literacy and independence, this account provides a secure, regulated, and digital-friendly banking experience for teenagers, in full compliance with State Bank of Pakistan regulations.
FEATURES:

  • Quick Processing: Instant account opening (maximum turnaround time of 02 working days) with a Tracking ID for status updates.
  • Digital Banking: Equipped with a Debit Card and Mobile Banking facility for seamless digital transactions.
  • Flexible Currency: Opened in local currency (PKR) by default, with the ability to receive equivalent PKR of foreign remittances.
  • Account Types: Can be opened as an individual or joint savings account.
  • Seamless Transition: Automatically converts into a regular account upon the teenager attaining the age of 18.
  • Safety & Security: Restricted from cheque books, negotiable instruments, and credit/overdraft facilities to ensure safe usage.

ELIGIBILITY & CRITERIA:

Age & Residency:

    • Resident Pakistani teenagers between the ages of 13 to 18 years.

Identity Verification:

Mandatory Biometric verification or alternate ID verification mechanism (VeriSys) from NADRA for the teenager.

Parent/Guardian Requirements:

  • Applicable CDD (Customer Due Diligence) requirements for the parent/guardian.
  • Signed Indemnity (on Rs. 200 stamp paper) accepting full legal responsibility.
  • Declaration regarding the source of funds.

Required Documentation:

  • Identity documents of the Teenager and Parent/Guardian.
  • Family Registration Certificate (FRC).
  • Guardianship Certificate (where applicable).
  • Source of Funds evidence.