Key Fact Statement for Deposit Accounts

Allied Bank Limited, Date (Period: July - Dec 2024)

--------Branch, IMPORTANT: Read this document carefully if you are considering opening
City. a new account. It is available in English and Urdu.
You may also use this document to compare different accounts offered by
other banks. You have the right to receive KFS from other banks for
Account Types & Salient Features :
This information is accurate as of the date above. Services, fees and mark up rates may change on Monthly basis.For
updated fees/charges, you may visit our website or visit our branches.

Conventional
Particulars
Allied Business Account
Currency
Minimum Balance PKR
(PKR, US, EUR,
for Account etc.)
(if any, To open 1000
provide the amount) To keep Rs. 50,000/-
Account Maintenance Fee (if any, provide Rs. 50/-
the amount)
Is Profit Paid on account No
(Yes/No) Profit Rate. (%)
Indicative 0
Profit Payment Frequency (Daily, Monthly,
Quarterly, Half yearly and yearly) 0

Provide example: (On each Rs.1000, you can

earn Rs.------ on given periodicity) 0

Premature/ Early 0
Encashment/Withdrawal
Service Charges Fee (If any,
IMPORTANT: This is a list of the main service charges for this account. It does not include all charges. You can find a full list at [specify
channels – e.g. “our branches, on our website at https://www.abl.com/”]. Please note that all bank charges are exclusive of applicable taxes.

Conventional
Services Modes
Allied Business Account
Inter City Free
Intra -City Free
Cash Transactions
0
Own ATM withdrawal
Other Bank ATM Rs.23.44/- including FED or as applicable.
ADC/Digital 0
SMS Alerts Clearing SMS Pack 1: Rs.200/- per month
For other transactions SMS Pack 1: Rs.200/- per month
Annual Fees Rs 2,700/-
VISA Classic
card replacement fees Rs.1650/-

Primary:
Annual Fees Rs. 6,000/-
card replacement fees Rs. 1650/-
Platinum & VISA Sapphire 200
Supplementary
Annual Fees Rs. 3,000/-
card replacement fees Rs. 1650/-

Primary:
Debit Cards Annual Fees Rs. 17,500/-
card replacement fees Rs. 2500/-
Premium
Supplementary
Annual Fees Rs. 9,000/-
card replacement fees Rs. 2500/-

Annual Fees Rs. 2200/-

UPI & Paypak Classic
Card Replacement Fees Rs. 1300/-
Annual Fees Rs.2,500/-
UPI & Paypak Gold
Card Replacement Fees Rs. 1550/-
 Basic Debit Card Annual Fees Rs. 1750/-
Card Replacement Fees Rs.1200/-
First Cheque Book of 10 Leaves - Free.Subsequent issuance of cheque
book shall be free, if minimum balance requirement is maintained as
Issuance mentioned
Cheque Book in ‘Eligibility Requirement
Stop Payment Rs. 750/- per instruction for Rupee Account
Loose Cheque Service Not Available

Conventional
Services Modes
Allied Business Account
Remittance Banker Cheque / Pay
(Local) Order Free, if monthly avg balance is Rs. 25,000/-
Issued by Debit to Account: Rs. 400 Flat
Issued Against Cash 0.20%, Minimum Rs.1,250/- (Account Holders & walk-in-customer)
Foreign Demand Draft
To Universities/Educational Institutions on behalf of students (for education purpose)
Rs. 400/- Flat) if charges code is "OUR" for any foreign currency, US$40/- (flat) Eqv. in any
currency to be recovered from the applicant and amount should be parked in respective
Nostro account.
Remittance Other Remittances abroad:
Foreign 0.10% per item. Minimum Rs. 500/- a) if charges code is "OUR" for any foreign currency,
US$40/- (flat) Eqv. in any currency to be recovered from the applicant and amount should
be parked in respective Nostro account

Wire Transfer Service Not Available

Statement of Annual 0
Account Half Yearly 0
Duplicate Rs. 35/- including FED (For EACH period of 6 Months)

MyABL:
ABL to ABL: Free
IBFT: 0.1% or Rs. 200 per transaction whichever is lower including FED(Free Upto Rs.
25,000 Per Month Per Account)
ADC/Digital
Channels
ATM:
ABL to ABL: Free
Fund Transfer IBFT: 0.1% or Rs. 200 per transaction whichever is lower including FED(Free Upto Rs.
25,000 Per Month Per Account)

Branch Counter (IBFT) Free, if monthly Avg. balance is Rs. 25,000/-

Maximum Single Transfer of Rs. 500,000/-
Rs 500 /- Charges
Branch Counter
Free
Digital Banking Internet Banking subscription
(onetime & annual) One Time

Mobile Banking subscription

(one- time & annual One Time

Clearing Normal 0
Intercity 0
Same Day Rs.550/- (including NIFT Charges)
Closure of Account Customer request Free
You Must Know
Requirements to open an account: To open the account you will need to Unclaimed Deposits: In terms of Section 31 of Banking Companies
satisfy some identification Ordinance, 1962 all deposits which have not been operated during the
requirements as per regulatory instructions and banks' internal policies. period of last ten years, except deposits in the name of a minor or a
These may include Government or a court of law, are surrendered to State Bank of Pakistan
providing documents and information to verify your identity. Such information (SBP) by the relevant banks, after meeting the conditions as per
may be required provisions of law. The surrendered deposits can be claimed through the
on a periodic basis. Please ask us for more details. respective banks. For further information, please contact ypur nearest
branch or ABL helpline/ call center at 111-225-225
 period of last ten years, except deposits in the name of a minor or a
Government or a court of law, are surrendered to State Bank of Pakistan
(SBP) by the relevant banks, after meeting the conditions as per
provisions of law. The surrendered deposits can be claimed through the
respective banks. For further information, please contact ypur nearest
branch or ABL helpline/ call center at 111-225-225

Cheque Bounce: Dishonoring of cheques is subject to a criminal trial in

Pakistan. Accordingly, you
should be writing cheques with utmost prudence.
Closing this account: In order to close your account please render your
Safe Custody: Safe custody of access tools to your account like ATM cards, request to account maintaining branch/parent branch along with debit
PINs, Cheques, e-banking usernames, passwords; other personal card and unutilized cheques and cancel standing instructions, if any.
information, etc. is your responsibility. Bank cannot be held responsible in
case of a security lapse at the customer’s end. ABL do not initiate calls to
acquire any information.
How can you get assistance or make a complaint?
Contact Information
Allied Bank Limited
Record updation: Always keep profiles/records updated with the bank to Complaint Management Division
avoid missing any significant communication. You can contact to our nearest Allied Bank, Head Office, 2nd Floor, 3-4 Tipu Block, New Garden Town,
branch and ABL helpline 111-225-225 to update your information. Lahore
Tel : 042-35880043
Helpline:111-225-225
What happens if you do not use this account for a long period? Email: complaint.management@abl.com
If your account remains inoperative for 12 months, it will be treated as Website:www.abl.com
dormant. If your account becomes dormant, certain transactions such as
debit transactions and withdrawals shall not be allowed until the account is
activated on customer's request. All those accounts will be closed which are
dormant since one year with zero balance. To activate your account you must
request your parent branch. Overseas customers may also send their request If you are not satisfied with our response, you may contact :
using Banks procedure for dormancy activation. Banking Mohtasib Pakistan
5th floor, Shaheen Complex, M. R. Kiyani Road, Karachi.
(+92 21) 99217334-38 (5 lines)
Fax (+92 21) 99217375
Email: info@bankingmohtasib.gov.pk

(Portion to be used for the post-shopping stage)

I ACKNOWLEDGE RECEIVING AND UNDERSTAND THIS KEY FACT STATEMENT

Customer Name:
Product Chosen:
Mandate of account: Single/Joint/Either or Survivor
Address :

Contact No.: Email Address

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