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Deposits are invested in Shariah-compliant modes of financing/investments
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No account closing charges
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Initial deposit:
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PKR 1,000 for Pak Rupees Account
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No initial deposit required for:
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Mustahkeen of Zakat
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Students
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Government/Semi-Government employees (salary/pension)
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Widows/children of deceased employees, autonomous bodies, and similar accounts
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Unlimited deposit/withdrawal transactions (unless otherwise stated)
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Value-added services (free or charged at parent/remote branches) as per Bank’s policy
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Online banking at all ABL branches
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Allied Cash Plus Shop Visa Debit Card, ATM card
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Access to myABL Internet Banking
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24/7 Allied Phone Banking
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SMS alerts on account transactions
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Remittance options in:
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Foreign currency
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Local currency (as per SBP rules — e.g., tuition, medical, travel, etc.)
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- Issuance of CDR (Call Deposit Receipt)
- Online clearing (cheque/instrument deposit for clearing/collection via remote branch)
- Free Cheque Book & Online Banking (Cash Deposit/Withdrawal/Transfer)
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Operated on Mudaraba model with no minimum balance requirement
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Profit/loss sharing on a monthly basis or as declared by the Bank
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Account can be opened in PKR only
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Monthly free benefits if daily minimum balance of previous month is PKR 100,000 or above:
- Issuance of Demand Drafts / Allied Banker Cheque (Payable at any branch) / Pay Order / Allied Banker Cheque (Payable at Issuing branch)
- Cancellation of Demand Drafts / Allied Banker Cheque (Payable at any branch) / Pay Order / Allied Banker Cheque (Payable at Issuing branch) / Call Deposit Receipt
- Duplicate Issuance of Demand Drafts / Allied Banker Cheque (Payable at any branch) / Pay Order / Allied Banker Cheque (Payable at Issuing branch) / Call Deposit Receipt