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AL Habib Freelancer Savings Account
With AL Habib Freelancer Savings Account, freelancers can enjoy the benefits of a full-fledged banking experience, including attractive monthly returns. The account aims to meet the banking needs of freelancers by offering a combination of innovative and competitive features.
Profit rate is
11.50%
p.a.Profit rates are indicative and subjective to change.
Enjoy the Exclusive Benefits
No Initial Deposit Requirement
Debit Card Facility
Free First Cheque Book (10 Leaves)
Free Banker's Cheques (up to 3 per month)
SMS Alerts Facility
Free Online Banking
Free Life Insurance*
Up to 90% Financing Against Deposit
Free IBFT through Raast
Monthly Profit Payout
Profit calculated on Monthly Average Balance
Free AL Habib Mobile & Netbanking Facility
No Minimum Balance Requirement
Retain your Foreign Currency in Exporter's Special Foreign Currency Account*
* Terms & Conditions apply
You can open your AL Habib Freelancer Account digitally or visit your nearest branch.
Free Life and Disability Insurance Cover
It gives us great pleasure to inform our valued customers that Bank AL Habib has arranged Absolutely Free Insurance Cover for our existing account holders.
- Salient features of this insurance policy are as under
- Claim is eligible after 30 Days of Account Opening
- Claims payable on 90 Days of Average Balance in Account
- Maximum Claim on Accidental Death - PKR 4 million
- Maximum Claim on Natural Death / Permanent Disability - PKR 2 million
- In a Joint Account, any one of the account holders is covered
- Age Limit - 18 to 60 Years
The insurance cover is provided to the extent of the average balance maintained in the account during the last 90 days in the case of Natural death and Permanent Disability, whereas in the case of Accidental Death the coverage provided is double.
We are offering this service to our valued customers as a token of appreciation for their trust and confidence placed in us.
Open a AL Habib Freelancer Saving Account
Visit the nearest Bank AL Habib Branch or Download Account Opening form online and submit the duly completed form with all supporting documents at any Bank AL Habib Branch.
Click here to download the Rules/Terms & Conditions
Fees & Charges will be levied according to the bank`s prevailing schedule of charges.
Taxes and Zakat
Taxes will be applicable as per government regulations and directives of the State Bank of Pakistan
Documents Required
- Any of the following documents may be used for proof of identity
- Scanned copy of original ID card (CNIC/ NICOP/ POC) or record of NADRA verification.
Undertaking that the source of funds is freelance activities. - Undertaking to confirm beneficial ownership of funds/ controlling rights and other information provided during the opening of account.
- FATCA/CRS declarations, if required.
- Acceptance of Terms and Conditions (T&Cs) and consent to use the information/ documents provided for due diligence and supervisory functions.
- Scanned copy of original ID card (CNIC/ NICOP/ POC) or record of NADRA verification.
Remit Account
AL Habib Remit Account facilitates in receiving remittances directly into your account from your loved ones abroad safely and conveniently. The account offers various value-added features.
Indicative Rate of Profit
11.50%
p.a.Profit rates are indicative and are subject to change from time to time.
Enjoy the Exclusive Benefits
Cheque Book Facility
FREE Life Insurance*
FREE E-Statements
FREE AL Habib Mobile & Netbanking Facility
Local Credits are Allowed
SMS Alert Facility
Monthly Profit Payout
Debit Card Facility
Profit Calculated on Monthly Average Balance
* Terms & Conditions apply
You can also open this account online through AL Habib Digital Account.
Note: With Minimum Monthly Average Balance requirement of PKR 5,000 you can avail Free Life Insurance.
Free Life and Disability Insurance Cover
It gives us great pleasure to inform our valued customers that Bank AL Habib has arranged Absolutely Free Insurance Cover for our existing account holders.
- Salient features of this insurance policy are as under
- The minimum eligibility age will be 18 years and the maximum 60 years
- New accounts eligible after 30 days of account opening
- In case of a joint account, any one of the account holders will be covered
- Insurance coverage for death and disability is also PKR 250,000/-
We are offering this service to our valued customers as a token of appreciation for their trust and confidence placed in us.
Open a Remit Account
Visit your nearest Bank AL Habib Branch or Download Account Opening form online and submit the duly completed form with all the supporting documents at any Bank AL Habib Branch.
Click here to download the Terms & Conditions
Fees & Charges will be levied according to the bank`s prevailing schedule of charges.
Taxes
All taxes will be imposed as per the government regulation and directives by the State Bank of Pakistan.
Documents Required
- Any one of the following documents may be used as a proof of identity
- Computerized/Smart National Identity Card (CNIC/SNIC)
- National Identity Card for Overseas Pakistanis (NICOP)
- Pakistan Origin Card
For Residents:
- Proof of Income document
- Proof of Remittance (e.g. Remittance Slip / PRC etc.)
- FATCA/CRS forms (if applicable)
- Self-declaration for house wife/students
For Non/Residents (Joint Account Holder):
- Valid Passport and Visa
- FATCA/CRS forms
- Proof of Income document
- Non/Resident undertaking (jointly signed)
- All documents to be attested by Foreign Commission/Consulate
Taxes
Taxes will be applicable as per government regulations and directives of State Bank of Pakistan
Armed Forces Pensioner Savings
“AL Habib Armed Forces Pensioner Account” facilitates Armed Forces personnel to receive pension funds timely and conveniently. The Account is being offered with host of free and value added services.
Indicative Rate of Profit is
11.60%
p.a.
- On Average Monthly Balance applicable from January 01, 2025 (The rates of profit are Current and subject to change).
- All other conditions including Zakat & Taxes for Savings Account are applicable.
Enjoy the Exclusive Benefits
Free PayPak Debit Card
Free Cheque Book
Free AL Habib Mobile & Netbanking Facility
Free E-Statements
Individual Single Account Only
No Initial Deposit or Minimum Balance Requirement
No Charges on Opening and Closure of Account
Free SMS Alerts
Banker’s Cheques Facility (Pay Orders)
Online Banking Facility
Higher Return on Savings Account
Monthly Profit Payout & Calculated on Monthly Average Balance
Free Standing Instructions
Note:PayPak is the default Debit Card offered to the customers. However customer may opt for other card schemes i.e. VISA & UnionPay Debit Cards, charges will be applicable as per prevailing Schedule of Bank Charges.
We are offering this service to our valued customers as a token of appreciation for their trust and confidence placed in us.
Open an Armed Forces Pensioner Savings Account
Visit your nearest Bank AL Habib Branch or Download Account Opening form online and submit the duly completed form with all the supporting documents at any Bank AL Habib Branch.
Click here to download the Terms & Conditions
Fees & Charges will be levied according to the bank`s prevailing schedule of charges.
Taxes
All taxes will be imposed as per the government regulation and directives by the State Bank of Pakistan.
Documents Required
- Following relevant documents are required from customer
- Copy of valid CNIC / SNIC / NICOP/ SNICOP as required for Pakistani Nationals or Passport.
- Successful Biometric Verification. In case Biometric verification cannot be performed due to genuine reasons or technical issues, verification of ID document will be performed using Verisys as referred in FAQs of Biometric Verification.
- PPO - Pension Payment Order (Optional)
- Pension Book and Pension Certificate (Optional)
- Non-Marriage certificate (if applicable)
- Life certificate / Non-Marriage certificate after every six months on or before 10th March and on or before 10th Sept). In case of widow/widower, unmarried daughter or sister, a Non-marriage certificate will be submitted by the pensioner in addition of Life/ survival certificate.
- Zakat declaration on Bond Paper or attested copy of duly executed affidavit (In case of exemption from Zakat)
- In case of Non-Muslim exemption from Zakat declaration on plain paper
- Duly signed Foreign Account Tax Compliance Act (“FATCA”) Form
- Photocopy of Option form duly signed by the pensioner as per Instruction Circular No. 202 dated December 11, 2014.
- Duly signed Self-Certification Form (CRS Individual / Proprietorship Tax Residency)
- Indemnity Form on judicial paper of PKR 50(fifty) irrespective of monthly pension drawn to keep the bank indemnified about liabilities with all sums of money whatsoever including mark-up of his/her Pension Account. The pensioner would further undertake that his/her legal heirs, successors, executors shall be liable to refund excess amount, if any, credited this/her Pension Account either in full or in installments (as agreed mutually) equal to such excess amount
Fee & Charges will be levied according to bank`s prevailing schedule of charges. All taxes will be imposed as per government regulation and directives by State Bank of Pakistan.
Monthly Saver Account
Let your savings add up to your monthly income with AL Habib Monthly Saver Account with profits paid every month.
Indicative Rate of Profit11.50%
p.a- On Average Monthly Balance applicable from January 1, 2025. (The Indicative rate of profit is Current and subject to change)
- Profit may be drawn through Cheque from any branch of Bank AL Habib or ATMs nationwide.
Enjoy the Exclusive Benefits
No Minimum or Maximum Balance Requirement
Free AL Habib Mobile & Netbanking Facility
Up to 90% Financing against deposit
Free E-Statement
Preferential Rate of Profit
Debit Card Facility
Monthly Profit Payout
No Restrictions on Withdrawals & Deposit
Cheque Book Facility
SMS Alerts Facility
Note:PayPak is the default Debit Card offered to the customers. However customers may opt for other card schemes i.e. VISA & UnionPay Debit Cards, charges will be applicable as per prevailing Schedule of Bank Charges.
Open a Monthly Saver Account
Visit your nearest Bank AL Habib Branch or Download Account Opening form online and submit the duly completed form with all the supporting documents at any Bank AL Habib Branch.
Click here to download the Terms & Conditions
Fees & Charges will be levied according to the bank`s prevailing schedule of charges.
All taxes will be imposed as per the government regulation and directives by the State Bank of Pakistan.
Documents Required
- Documents Required For Resident Account
For individual accounts
- Original CNIC along with a verified copy
- Job Card / Job Letter and Salary Slip for Salaried individual
- Any other proof of income
- Child Registration Certificate/B-Form/Student ID Card (For Minor)
For Sole Proprietor accounts
- Original CNIC along with verified copy
- Proprietary rubber stamp
- Copy of NTN (attested by Notary Public)
- Certificate or proof of membership of trade bodies etc., (wherever applicable)
- Request for Opening of Account on letter head
For Partnership Accounts
- CNIC copy of all partners (verified)
- Partnership Rubber Stamp
- Request for Opening of Account on letter head
- Partnership Letter on Letter Head (Signed by all partners)
- Partnership Deed (verified)
- Attested copy of Registration Certificate issued by Registrar of Firms in case of registered firm. In case the partnership is unregistered, this fact shall be clearly mentioned on the Account Opening Form.
- Copy of NTN (verified)
For Companies Account
- Certificate of Incorporation (attested by company secretary).
- Resolution of Board of Directors.
- Complete Memorandum and Articles of Association (attested by SECP & 1st and last page to be attested by company secretary).
- Form-29 (attested by company secretary and SECP)
- List of Directors (attested by company secretary).
- Copy of CNIC’S of all Directors (attested by company secretary).
- NTN Certificate (attested).
- Form-A & CNIC copies of shareholders holding more than 10 % shares.
- CRS form for tax residency self-certification
- All documents must be attested by company secretary / Director / CEO.
- Articles & Memorandum of Association, Form-A & Form-29 should be attested by Securities and Exchange Commission of Pakistan (SECP).
- Documentation for Non-resident Account
Non- Resident Rupee Account can be opened and maintained by the following individuals and entities other than banks:
- Non-resident Pakistanis (NRPs)*
- Foreign nationals except those who have obtained work visa/permit to work in Pakistan
- Firms, companies, etc. which are incorporated/registered outside Pakistan
* A person shall be treated as non-resident if his/her period of stay in Pakistan during a calendar year is less than 183 days, in aggregate.
NRP falling in any one of the above category can open the following types of Non- Resident Rupee Account
- Non-resident Rupee Account-Repatriable (NRAR)
- Non-resident Rupee Account-Non-Repatriable (NRAN)
Senior Citizen Account
Growing old earns special privileges
AL Habib Senior Citizen Account extends special benefits to individuals aged 60 Years & above. For Joint Accounts, at least one account holder should be 60 years or above.
Indicative Rate of Profit is
11.60%
p.a.
- On Average Monthly Balance applicable from January 01, 2025 (The rates of profit are Current and subject to change).
- All other conditions including Zakat & Taxes for Savings Account are applicable.
Enjoy the Exclusive Benefits
No Minimum or Maximum Balance Requirement
Up to 90% financing Available on Deposits
Free Online Banking
Profit Calculated on Monthly Average Balance
Free Banker’s Cheques
Profit Payout on Monthly Basis
No Restrictions on Withdrawals
Attractive Rate of Profit
Free E-Statements
Debit Card Facility
SMS Alerts Facility
Free AL Habib Mobile & Netbanking Facility
Note:PayPak is the default Debit Card offered to the customers. However customers may opt for other card schemes i.e. VISA & UnionPay Debit Cards, charges will be applicable as per prevailing Schedule of Bank Charges.
Open a Senior Citizen Account
Visit your nearest Bank AL Habib Branch or Download Account Opening form online and submit the duly completed form with all the supporting documents at any Bank AL Habib Branch.
Click here to download the Terms & Conditions
Fees & Charges will be levied according to the bank`s prevailing schedule of charges.
Taxes and Zakat
All taxes will be imposed as per the government regulation and directives by the State Bank of Pakistan.
Documents Required
- Documents Required
For individual accounts
- Original CNIC along with verified copy
- Job Card / Job Letter and Salary Slip for Salaried individual
- Any other proof of income
- Documentation for Non-Resident Account
Non- Resident Rupee Account can be opened and maintained by the following individuals and entities other than banks:
- Non-resident Pakistanis (NRPs)*
- Foreign nationals except those who have obtained work visa/permit to work in Pakistan
- Firms, companies, etc. which are incorporated/registered outside Pakistan
* A person shall be treated as non-resident if his/her period of stay in Pakistan during a calendar year is less than 183 days, in aggregate.
NRP falling in any one of the above category can open the following types of Non- Resident Rupee Account
- Non-resident Rupee Account-Repatriable (NRAR)
- Non-resident Rupee Account-Non-Repatriable (NRAN)
Young Savers
Saving can be fun for young ones
It’s never too early to start saving! Bank AL Habib Young Savers Account is for children under 18 years of age. It is especially designed to allow parents to save for their children’s future. Being part of the process is fun for kids and teaches them financial discipline from a young age.
Savings grow at designated Rate of Return on monthly average balance
Up to PKR 500,000
11.50%
p.aAbove PKR 500,000
11.50%
p.aApplicable from January 1, 2025. The Indicative rate of profit is current and subject to change.
Profit would be subject to Zakat, Withholding Tax and other Government Levies unless exempted.
- YSA EMV Debit Card Transaction Limits
- ATM Cash Withdrawal PKR 3,000 Amount / per day (PKR)
- POS (Point of Sale) Transaction PKR 3,000 Amount / per day (PKR)
- Nominal Fee Structure
- Card Replacement Fee PKR 300
Enjoy the Exclusive Benefits
Free PayPak Debit Card for Young Savers aged 16 Years and Above
Free Issuance of Banker’s Cheques
Free First Cheque Book (10 Leaves)
Free Online Banking
Free E-Statements
SMS Alerts Facility
Incremental Rate of Profit
Six Monthly Profit Payout
Profit Calculated on Monthly Average Balance
No Minimum or Maximum Balance Requirement
The account offers two tiers of profit payout
Free AL Habib Mobile & Netbanking Facility
Upto 90% against deposit
Note:PayPak is the default Debit Card offered to the customers. However customers may opt for other card schemes i.e. VISA & UnionPay Debit Cards, charges will be applicable as per prevailing Schedule of Bank Charges.
Open a Young Savers
Visit your nearest Bank AL Habib Branch or Download Account Opening form online and submit the duly completed form with all the supporting documents at any Bank AL Habib Branch.
Click here to download the Terms & Conditions
Fees & Charges will be levied according to the bank`s prevailing schedule of charges.
All taxes will be imposed as per the government regulation and directives by the State Bank of Pakistan.
Documents Required
- Documents Required
Any one of the following documents may be used as a proof of identity
- Computerized/Smart National Identity Card (CNIC/SNIC) of Guardian.
- National Identity Card for Overseas Pakistanis (NICOP)
- Proof of income or salary certificate
- In case of salaried person, copy of service/employee card
- Child Registration Certificate/B-Form /Student ID card (For Minor)
- Documentation for Non-resident Account
Non- Resident Rupee Account can be opened and maintained by the following individuals and entities other than banks:
- Non-resident Pakistanis (NRPs)*
- Foreign nationals except those who have obtained work visa/permit to work in Pakistan
- Firms, companies, etc. which are incorporated/registered outside Pakistan
* A person shall be treated as non-resident if his/her period of stay in Pakistan during a calendar year is less than 183 days, in aggregate.
NRP falling in any one of the above category can open the following types of Non- Resident Rupee Account
- Non-resident Rupee Account-Repatriable (NRAR)
- Non-resident Rupee Account-Non-Repatriable (NRAN)
PLS Savings
It’s not just a savings account but more. An account that manages your savings with convenience of day-to-day transactional needs.
11.50%
p.a.- On Average Monthly Balance. (Applicable from January 01, 2025. The Indicative rate of profit is current and subject to change).
Enjoy the Exclusive Benefits
No Minimum Balance Requirement
Debit Card Facility
Free AL Habib Mobile & Netbanking Facility
Free E-Statements
Up to 90% Financing Against Deposit
Free Life Insurance*
SMS Alerts Facility
Cheque Book Facility
Bi-Annual Profit Payout
Profit calculated on monthly average balance
Note:PayPak is the default Debit Card offered to the customers. However customers may opt for other card schemes i.e. VISA & UnionPay Debit Cards, charges will be applicable as per prevailing Schedule of Bank Charges.
Free Life and Disability Insurance Cover
It gives us great pleasure to inform our valued customers that Bank AL Habib has arranged Absolutely Free Insurance Cover for our existing account holders.
- Salient features of this insurance policy are as under
- Claim is eligible after 30 Days of Account Opening
- Claims payable on 90 Days of Average Balance in Account
- Maximum Claim on Accidental Death - PKR 4 Million
- Maximum Claim on Natural Death / Permanent Disability - PKR. 2 Million
- In a Joint Account, any one of the account holders is covered
- Age Limit - 18 to 60 Years
The insurance cover is provided to the extent of the average balance maintained in the account during the last 90 days in the case of Natural death and Permanent Disability, whereas in the case of Accidental Death the coverage provided is double.
We are offering this service to our valued customers as a token of appreciation for their trust and confidence placed in us.
Open a PLS Saving
Visit your nearest Bank AL Habib Branch or Download the Account Opening form online and submit the duly completed form with all the supporting documents at any Bank AL Habib Branch
Click here to download the Terms & Conditions
Fees & Charges will be levied according to the bank`s prevailing schedule of charges.
Taxes
All taxes will be imposed as per the government regulation and directives by the State Bank of Pakistan.
Documents Required
- Documents Required
For individual accounts
- Original CNIC along with verified copy
- Job Card / Job Letter and Salary Slip for Salaried individual
- Any other proof of income
- In case of exemption from Zakat, Zakat declaration on Bond Paper or attested copy of duly executed affidavit.
- In case of Non-Muslim exemption from Zakat declaration on plain paper.
For Sole Proprietor accounts
- Original CNIC along with verified copy
- Proprietary rubber stamp
- Copy of NTN (attested by Notary Public)
- Certificate or proof of membership of trade bodies etc., (wherever applicable.)
- Request for Opening of Account on letter head
For Partnership Accounts
- CNIC copy of all partners (verified)
- Partnership Rubber Stamp
- Request for Opening of Account on letter head
- Operating Instruction on Letter Head.
- Partnership Letter on Letter Head (Signed by all partners)
- Partnership Deed (verified)
- Attested copy of Registration Certificate issued by Registrar of Firms in case of registered firm. In case the partnership is unregistered, this fact shall be clearly mentioned on the Account Opening Form
- NTN Copy (verified)
For Companies Account
- Certificate of Incorporation (attested by company secretary)
- Resolution of Board of Directors
- Complete Memorandum and Articles of Association (attested by SECP & 1st and last page to be attested by company secretary)
- Form-29 (attested by company secretary and SECP)
- List of Directors (attested by company secretary)
- Copy of CNIC’S of all Directors (attested by company secretary).
- NTN Certificate (attested)
- Form-A & CNIC copies of shareholders holding more than 10 % shares
- CRS form for tax residency self-certification
- All documents must be attested by company secretary / Director / CEO.
- Articles & Memorandum of Association, Form-A & Form-29 should be attested by Securities and Exchange Commission of Pakistan (SECP)
- Documentation for Non-resident Account
Non- Resident Rupee Account can be opened and maintained by the following individuals and entities other than banks:
- Non-resident Pakistanis (NRPs)*
- Foreign nationals except those who have obtained work visa/permit to work in Pakistan
- Firms, companies, etc. which are incorporated/registered outside Pakistan
* A person shall be treated as non-resident if his/her period of stay in Pakistan during a calendar year is less than 183 days, in aggregate.
NRP falling in any one of the above category can open the following types of Non- Resident Rupee Account
- Non-resident Rupee Account-Repatriable (NRAR)
- Non-resident Rupee Account-Non-Repatriable (NRAN)
Asaan Saving Account
Opening a bank account was never so easy
A special account for Pakistani Nationals who do not have a Bank Account. All you need is your CNIC to start banking with us and enjoy a host of value-added services.
Rate of Return (Subject to existing rate)
11.50%p.a.
- Applicable from January 01, 2025. The Indicative rate of profit is current and subject to change.
Enjoy the Exclusive Benefits
Free Life Insurance*
Free AL Habib Mobile & Netbanking Facility
Free E-Statements
SMS Alerts Facility
No Initial Deposit Requirement
One Page Account Opening Form
Profit Payout Every Six Months
Profit Calculated on Monthly Average Balance
Total Debits per Month: Rs. 1,000,000/-
Total Credit Balance Limit: Rs. 1,000,000/-
Debit Card Facility
No Minimum Balance Requirement
Note:PayPak is the default Debit Card offered to the customers. However customers may opt for other card schemes i.e. VISA & UnionPay Debit Cards, charges will be applicable as per prevailing Schedule of Bank Charges.
Free Life and Disability Insurance Cover
It gives us great pleasure to inform our valued customers that Bank AL Habib has arranged Absolutely Free Insurance Cover for our existing account holders.
- Salient features of this insurance policy are as under
- Claim is eligible after 30 Days of Account Opening
- Claims payable on 90 Days of Average Balance in Account
- Maximum Claim on Accidental Death - PKR 4 Million
- Maximum Claim on Natural Death / Permanent Disability - PKR. 2 Million
- In a Joint Account, any one of the account holders is covered
- Age Limit - 18 to 60 Years
The insurance cover is provided to the extent of the average balance maintained in the account during the last 90 days in the case of Natural death and Permanent Disability, whereas in the case of Accidental Death the coverage provided is double.
We are offering this service to our valued customers as a token of appreciation for their trust and confidence placed in us.
Open an Asaan Saving Account
Visit your nearest Bank AL Habib Branch or Download the Account Opening form online and submit the duly completed form with all the supporting documents at any Bank AL Habib Branch.
Click here to download the Terms & Conditions
Fees & Charges will be levied according to the bank`s prevailing schedule of charges.
All taxes will be imposed as per the government regulation and directives by the State Bank of Pakistan.
Documents Required
- For individual accounts
- Original CNIC along with verified copy
- In case of exemption from Zakat, Zakat declaration on Bond Paper or attested copy of duly executed affidavit.
- In case of Non-Muslim exemption from Zakat declaration on plain paper.
Taxes
Taxes will be applicable as per the government regulations and directives of the State Bank of Pakistan.
Profit Rate
The rate of profit on savings accounts is subject to change from time to time.
Asaan Remittance Savings
Receive money directly into your account and see it grow
Open an AL Habib Asaan Remittance Savings Account and receive your money from abroad directly into your savings account.
Indicative Rate of Profit11.50%
p.a- Applicable from January 01, 2025. The Indicative rate of profit is current and subject to change.
Enjoy the Exclusive Benefits
For receiving Home Remittances from abroad only
Free Life Insurance*
No Initial Deposit or Minimum Balance Required
No Charges at Opening or Closure of Account
Cash Withdrawal Limit: PKR 500,000 per day
Fund Transfer Limit: PKR 500,000 per day
Maximum Credit Balance Limit: PKR 3,000,000
Cheque Book Facility
Free E-Statements
SMS Alerts Facility
Debit Card Facility
Profit will be Calculated on Monthly Average Balance
Free AL Habib Mobile & Netbanking Facility
Profit Payout Every Six Months
Note:PayPak is the default Debit Card offered to the customers. However customers may opt for other card schemes i.e. VISA & UnionPay Debit Cards, charges will be applicable as per prevailing Schedule of Bank Charges.
Free Life and Disability Insurance Cover
It gives us great pleasure to inform our valued customers that Bank AL Habib has arranged Absolutely Free Insurance Cover for our existing account holders.
- Salient features of this insurance policy are as under
- Claim is eligible after 30 Days of Account Opening
- Claims payable on 90 Days of Average Balance in Account
- Maximum Claim on Accidental Death - PKR 4 Million
- Maximum Claim on Natural Death / Permanent Disability - PKR 2 Million
- In a Joint Account, any one of the account holders is covered
- Age Limit - 18 to 60 Years
The insurance cover is provided to the extent of the average balance maintained in the account during the last 90 days in the case of Natural death and Permanent Disability, whereas in the case of Accidental Death the coverage provided is double.
We are offering this service to our valued customers as a token of appreciation for their trust and confidence placed in us.
Open an Asaan Remittance Savings
Visit your nearest Bank AL Habib Branch or Download the Account Opening form online and submit the duly completed form with all the supporting documents at any Bank AL Habib Branch.
Click here to download the Terms & Conditions
Fees & Charges will be levied according to bank`s prevailing schedule of charges.
All taxes will be imposed as per the government regulation and directives by the State Bank of Pakistan.
Documents Required
- Documents Required
Any one of the following documents may be used as proof of identity:
- Computerized/Smart National Identity Card (CNIC/SNIC)
- National Identity Card for Overseas Pakistanis (NICOP)
- Passport copy (for non-residents)
- Child Registration Certificate/B-Form /Student ID card (For Minor)
- In case of exemption from Zakat, Zakat declaration on Bond Paper or attested copy of duly executed affidavit.
- In case of Non-Muslim exemption from Zakat declaration on plain paper.
Pensioner`s Savings Account
AL Habib Pensioner Savings Account helps to handle your financial savings needs. Facilitating pensioner’s in receiving their pension funds after retirement. The account is designed for pensioners who want a steady profit rate on their investment for their routine monthly expenses post retirement.
Indicative Rate of Profit
11.60% p.a (w.e.f.January 01, 2025)
Enjoy the Exclusive Benefits
No Initial Deposit or Minimum Balance Requirement
No Charges on Opening and Closure of Account
Free Standing Instruction
Free AL Habib Mobile & Netbanking Facility
Free Cheque Book
Free SMS Alerts
Banker’s Cheques Facility
Free PayPak Debit Card
Attractive Rate of Profit
Online Banking Facility
Individual Single Account Only
Monthly Profit Payout
Profit will be calculated on monthly average balance
Note:PayPak is the default Debit Card offered to the customers. However customers may opt for other card schemes i.e. VISA & UnionPay Debit Cards, charges will be applicable as per prevailing Schedule of Bank Charges.
Open a Pensioner`s Savings Account
Visit your nearest Bank AL Habib Branch or download the Account Opening form online and submit the duly completed form with all the supporting documents at any Bank AL Habib Branch.
Click here to download the Terms & Conditions
Fees & Charges will be levied according to the bank`s prevailing schedule of charges.
All taxes will be imposed as per the government regulation and directives by the State Bank of Pakistan.
Documents Required
- Following relevant documents are required from customer
- Copy of valid CNIC / SNIC / NICOP/ SNICOP as required for Pakistani Nationals or Passport
- Successful Biometric Verification. In case Biometric verification cannot be performed due to genuine reasons or technical issues, verification of ID document will be performed using Verisys as referred in FAQs of Biometric Verification
- PPO - Pension Payment Order (Optional)
- Pension Book and Pension Certificate (Optional)
- *Life certificate/Biometric verification (whichever is applicable) and in case of family pension, a non-marriage certificate** by the widow/widower, unmarried daughter or sister.
- Duly signed Foreign Account Tax Compliance Act (“FATCA”) Form (if applicable)
- Photocopy of Option form duly signed by the pensioner
- Duly signed Self-Certification Form (CRS Individual / Proprietorship Tax Residency) (if applicable)
All taxes will be imposed as per government regulations and directives by the State Bank of Pakistan.
*During the course of account relationship, submission of life certificate/Biometric verification after every six months (i.e. on or before 10th March and 10th September) and in case of family pension, submission of Non-Marriage Certificate on yearly basis (i.e. on or before September 30th)
**To be exempted for women (widow or daughter of pensioner) attaining 60 years of age
- Documentation For Non-Resident Account
For individual accounts
Any of the following documents may be used as proof of identity:
- Copy of CNIC/SNIC
- Original PPO- Pension Payment Order
- Name of NBP branch / GPO from where pension was being drawn
- Pension Book and Pension Certificate
- After every 6-month pensioner should submit the life certificate / Non-Marriage certificate
- Copy of Pension Book mentioning monthly amount of pension and other particulars will also be required along with other documents as required in case of individual accounts
