For armed forces personnel to receive pension funds conveniently
Ensures timely and convenient pension deposits complemented by monthly profit and value-added services.
Apply Now Compare Account- 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.
- Indicative Rate of Profit 9.60% p.a
- On Average Monthly Balance applicable from June 01, 2025 (The rates of profit are Current and subject to change).
- All other conditions including Zakat & Taxes for Savings Account are applicable.
- 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.
How To Open Your Armed Forces Pensioner`s 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.
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