Encouraging savings

Nowadays, many commercial banks are trying to attract people to open an ‘Assan’ account. It seems banks are desperate to have as many account holders as they can. People are reluctant to open and maintain accounts on various valid reasons.
First, commercial banks do not share their huge profits with them. Because of the minimal or negative profit payouts people have stopped keeping their savings in bank accounts. And now after the imposition of withholding tax on banking transactions people are avoiding traditional banking. Banks should give good returns on deposits so that people voluntarily open accounts.
Dr Alfred Charles
Karachi