All public and private banks across Pakistan are prepared, at the beginning of Ramzan 2026, for the automatic deduction of Zakat from savings and other similar accounts.
While implementation will take place after the announcement of the Nisab threshold by the federal government.
Every year, after reviewing economic indicators and other factors, the federal government determines the minimum limit for Zakat deduction, that is, the Nisab.
Nisab is the value of wealth which, if possessed by a person, makes the payment of Zakat obligatory.
The Administrator General Zakat for savings account has set the Zakat nisab for the current year at 503,529 rupees.
Last year, the Nisab amount was fixed at Rs179,689, under which banks deducted Zakat at the rate of 2.5 percent in cases where the balance in bank accounts exceeded this threshold.
According to banking sources, all savings and profit and loss sharing (PLS) accounts whose balance is below the prescribed Nisab will remain exempt from Zakat deduction.
In addition, other accounts that do not fall under the applicability of Zakat laws will also not be subject to deduction.
According to the schedule, banks across the country will deduct Zakat on the first day of Ramzan, which is expected to be on February 19 or 20, 2026.
If the month of Sha’ban is 29 days, Ramzan will begin on February 19, whereas in case it is 30 days, the first fast will be on February 20.
Also read: Good news for workers in Ramzan: Rs10,000 assistance to begin
Bank officials have advised customers to review the current status of their accounts before Ramzan so as to avoid any unexpected deduction or misunderstanding.
Officials say that the deduction of Zakat will be carried out through an automated system under the prescribed laws, and account holders maintaining balances below the Nisab will not be affected.
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