Secure your Retirement with Shariah-Compliant Banking
Designed to facilitate pensioners in managing their post-retirement pension funds.
Apply Now Compare Account- PayPak Debit Card Facility*
- Free First Cheque Book*
- SMS Alerts
- Free Standing Instruction Charges
- Free Internet & Mobile Banking
- Free E-Statements
- No Initial deposit or minimum balance requirement
- No charges on opening and closure of account
- Individual Single Account Only
- Banker’s Cheques Facility
- Online Banking Facility
* Customer can avail free services and PayPak Debit card on the condition of maintaining a minimum monthly average balance of PKR 25,000/- However, you can also opt for a Visa or UnionPay Card. Charges will be applicable as per prevailing Schedule of Bank
- 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 Zakat exemption by Muslim)
- 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.
- FIU watch list and Debarred Screen shots.
- 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 additional amount 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
How To Open Your AL Habib Islamic Pensioners Current 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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