Nisab for Zakat Deduction from Bank Accounts Set at Rs503,529 for Ramadan 2026

Nisab for Zakat deduction from bank accounts has been set at Rs503,529 for Ramadan 2026, according to an official government notification issued ahead of the holy month.

The decision means that bank account holders in Pakistan who have savings equal to or above this amount on the first day of Ramadan will face automatic Zakat deduction. The move applies to savings accounts, profit and loss sharing accounts, and other similar deposit accounts.

Authorities have already informed commercial banks and financial institutions about the new Nisab threshold. However, current accounts will remain fully exempt from Zakat deductions, as per the existing rules.

The deduction process will take place at the start of Ramadan. It is expected to happen on February 19 or February 20, 2026, depending on the sighting of the Ramadan moon and the official announcement of the holy month.

Officials clarified that accounts with balances below Rs503,529 on the first day of Ramadan will not be subject to Zakat deduction. This ensures that only those who meet the minimum wealth requirement contribute to the mandatory charity.

The Nisab represents the minimum level of savings required for Zakat to become applicable. It is announced every year before Ramadan to guide banks and account holders about their obligations.

In preparation for the deduction, all banks, development finance institutions, and microfinance banks across the country will remain closed for public dealings on the first working day of Ramadan. This closure allows institutions to complete the deduction process smoothly.

The Nisab for Zakat deduction from bank accounts plays an important role in Pakistan’s Zakat system. The collected funds are used to support deserving and underprivileged people, especially during Ramadan.

The annual announcement helps ensure transparency and proper implementation of Zakat laws. It also allows account holders to understand whether their savings fall under the deduction criteria.

With Ramadan approaching, banks and customers are now preparing for the process in line with the government’s instructions.