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Deposits are invested in Shariah-compliant financing/investment modes.
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No account closing charges.
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Initial deposit: PKR 1,000 (Pak Rupee Accounts).
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Deposit exemption for the following categories:
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Mustahkeen of Zakat
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Students
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Government/Semi-Government employees (including eligible family members of deceased employees)
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Unlimited deposit and withdrawal transactions (unless otherwise specified).
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Value-added services may be free or charged (at parent or remote branches) as per the Schedule of Charges.
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Optional services at the Bank’s discretion:
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Free Cheque Book
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Free online transactions (cash deposit/withdrawal, A2A transfers)
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Allied Visa Debit/ATM Card
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24/7 Allied Phone Banking
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SMS alerts
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Local remittance (subject to SBP conditions for education, medical, travel, etc.)
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Operates under Mudaraba (profit/loss sharing).
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Available in PKR only.
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Can be opened singly or jointly.
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Profit/loss shared semi-annually, as per Bank’s discretion.
This account is preferable for customers applying for safe deposit lockers. Locker eligibility is linked to maintaining the following minimum balance requirements:
| Locker Size | Minimum Balance (PKR) |
|---|---|
| Small | 60,000 |
| Medium | 70,000 |
| Large | 100,000 |
| Extra Large | 180,000 |
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Lien marking and removal follow ABL’s Credit Policy & Procedures.
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Customers must sign a Letter of Lien (Annexure-A).
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All locker-related matters follow the BSG Manual – Safe Deposit Lockers.
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Key deposit: As per Schedule of Charges (currently not applicable for this account).