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No initial deposit required for account opening
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Monthly profit payout, calculated on average monthly balance
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Free Cheque Book issuance
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Free Inter-branch Online Transactions (Cash Deposit, Withdrawal, Account Transfer)
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Free myABL Internet Banking registration and annual subscription
(Transaction charges apply as per ABL-IBG SOC)
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Free SMS Alerts for ADC transactions
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No minimum balance requirement
| Feature | Tier 1 | Tier 2 |
|---|---|---|
| Monthly Salary | Rs. 37,000/- | Above Rs. 37,000 |
| Account Type | Normal – Remunerative Current Asaan – Remunerative Current |
Normal – Remunerative Current Asaan – Remunerative Current |
| Initial Deposit | Zero | Zero |
| Debit Card Limits |
Normal – Remunerative Current Account – Free-for-life Allied UPI PayPak co-badged Debit Card (Classic only). – For any other debit card variant, charges apply as per ABL-IBG SOC. Asaan – Remunerative Current Account – Free-for-life Allied UPI PayPak co-badged Debit Card – Asaan only. – Any other debit card variant is not allowed. |
Normal – Remunerative Current Account – Free-for-life as per available Card Variant. – For any other debit card variant, charges apply as per ABL-IBG SOC. Asaan – Remunerative Current Account – Free-for-life Allied UPI PayPak co-badged Debit Card – Asaan only. – Any other debit card variant is not allowed. |
Note: Charges shall be applicable as per ABL-IBG Schedule of Charges (SOC).
To enter into the Salary Management Agreement, the employer must:
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Open an Allied Islamic Business Plus Account for salary disbursement
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Have a minimum of 50 employees on payroll
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Ensure minimum salary disbursement of PKR 37,000 per employee per month
| Benefit | Details |
|---|---|
| Payroll Control | Full control of payroll via Allied Business Internet Banking (as per arrangement) |
| Consumer Finance Rates | Preferential consumer finance rates (subject to ABL’s Consumer Finance Policy for corporate tie-ups) |
| Salary Processing Fee | PKR 50 per account (plus taxes) |
| Fee Waiver | Fee waiver possible based on business volume and cost-benefit analysis |
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Maintain an agreed average monthly deposit
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Route a mutually agreed percentage of business through ABL-IBG
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Ensure salary disbursement begins the same month of account opening
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Disburse salaries from the employer’s ABL-IBG account only
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No salary disbursement allowed via same-day cash or clearing transactions
Note: All documentation must comply with ABL’s policies and regulatory guidelines.