Ease of transactions in foreign currency
Bank AL Habib Forex Current Account allows Pakistani based accounts to be opened with US Dollar, Pound Sterling, Euro and Yuan with No Minimum Balance requirement.
Apply Now- Free Life Insurance
- Free SMS Alerts
- Up to 90% Financing in Pak Rupees
- Free Cheque Book
- Free Collection of Outward Foreign Cheques
- Free Remittances (Three Per Month)
- Free E-Statements
- Free AL Habib Mobile & Netbanking Available in USD, GBP, EUR & CNY Currencies
Free Life and Disability Takaful Cover
It gives us great pleasure to inform our valued customers that Bank AL Habib has arranged Absolutely Free Takaful Cover to our current account holders. Salient features of this takaful 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.
The takaful cover is provided to the extent of average balance maintained in the account during last 90 days in case of Natural death and Permanent Disability, whereas in case of Accidental Death the coverage provided is double.
We are offering this service to our valued customers as a token of appreciation of their trust and confidence placed in us.
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
For Sole Proprietor Accounts
- Original CNIC along with a verified copy
- Propitiatory 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 Partnership 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).
For salaried individual, Job Card / Job Letter or Salary Slip or Source of Income required.
A valid photocopy of any one of the following identity document is obtained
- Computerized National Identity Card (CNIC) issued by NADRA.
- Smart National Identity Card (SNIC) issued by NADRA.
- National Identity Card for Overseas Pakistani (NICOP) issued by NADRA.
- Pakistan Origin Card (POC) issued by NADRA.
- Alien Registration Card (ARC) issued by National Aliens Registration Authority (NARA), Ministry of Interior (local currency account only).
- Passport; having valid visa on it or any other proof of legal stay along with passport (foreign national individuals only).
Non-resident accounts can be grouped in the following categories:
- Non-resident accounts of Pakistan nationals permanently residing and domiciled abroad.
- Non-resident accounts of Pakistan nationals who are abroad for short visits.
- Non-resident accounts of foreign nationals residing abroad.
- Non-resident accounts of foreign nationals ordinarily resident in Pakistan but gone abroad for short visits.
Copy of passport/Pakistan Origin Card is obtained and Declaration on “form QA-22” is obtained.
Taxes and Zakat
Taxes will be applicable as per government regulations and directives of State Bank of Pakistan
Profit Rate
The rate of profit on savings accounts are subject to change from time to time.
How To Open Your Forex Current
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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