What the Allied Salary Management Account is
It is a family of four salary accounts, not a single account. All four are built around one job: receiving your monthly salary.
What sets it apart is who can open it. The account is linked to a salary management agreement between an organisation and Allied Bank. Employees on payroll under that agreement are eligible.
That makes it different from an account you open on your own. The agreement comes first, and the account follows.
Who can open it
Eligibility is the same for all four variants.
salaried persons who are employees on payroll under a salary management agreement.
firms, and other individuals.
Every variant uses the same two salary tiers. Allied Bank set out what changes between them:
| Tier | What it includes |
|---|---|
| Tier 1 | Minimum monthly salary: Rs 18,000 Debit card limits: Allied UnionPay PayPak co-badged debit card, and its Asaan variant Online charges: Within city: 2 deposits and 2 withdrawals free. Intercity transactions as per the Schedule of Charges |
| Tier 2 | Minimum monthly salary: Rs 25,000 Debit card limits: As per the card variant Online charges: Free within city. Five intercity transactions free of each type: cash withdrawal, deposit and transfer |
is to ask your HR or payroll team. Ask whether your organisation has a salary management agreement with Allied Bank.
The four variants at a glance
All four variants serve the same employees. They differ in how the account works, and in what comes with it.
| Variant | What it includes |
|---|---|
| Allied Salary Management Current Account | Free, unlimited online cash withdrawal, cash deposit and account-to-account transfer. A UnionPay PayPak Classic debit card, free for life. |
| Allied Salary Management Asaan Current Account | A UnionPay PayPak co-badged debit card, Asaan variant. A credit limit of Rs 3,000,000, and debit turnover of up to Rs 1,000,000 a month. |
| Allied Salary Management Saving Account | Profit paid half-yearly. Zakat applicable. A UnionPay PayPak co-badged debit card. Debit card and cheque book issued as per the Schedule of Charges. |
| Allied Salary Management Asaan Saving Account | Profit paid half-yearly. Zakat applicable. A UnionPay PayPak co-badged debit card, Asaan variant. Debit card and cheque book as per the Schedule of Charges. A maximum credit balance of Rs 3 million. |
current or saving, and regular or Asaan.
Regular or Asaan: the simplified variants
“Asaan” means easy in Urdu. At Allied Bank, it is a simplified account category, designed for account opening with minimal documentation.
The Asaan variants in this family carry limits:
A credit limit of Rs 3,000,000, and debit turnover of up to Rs 1,000,000 a month.
A maximum credit balance of Rs 3 million.
is the total that leaves the account in a month.
A maximum credit balance
is the most the account can hold.
The debit card
Every variant offers a UnionPay PayPak co-badged debit card. Co-badged means the card carries two payment networks: UnionPay and PayPak.
What the card costs depends on the variant:
| Variant | Card |
|---|---|
| Current | The UnionPay PayPak Classic card is free for life. |
| Asaan Current | Comes with the Asaan variant of the card. |
| Saving and Asaan Saving | Issuance follows the Schedule of Charges. |
How to open the account
Ask whether your organisation has a salary management agreement with Allied Bank. Only employees on payroll under it can open this account.
Tier 1 covers a monthly salary of Rs 18,000 to Rs 25,000. Tier 2 covers anything above Rs 25,000.
Current or Saving, regular or Asaan, using the two choices above.
Accounts opened in bulk use Allied Bank’s template. It collects the details needed for eKYC (electronic Know Your Customer), and next of kin is one of them.
Your employer can have it opened in bulk with other staff. It cannot be opened jointly, so each employee holds their own account.
The account reaches staff through their employer’s salary management agreement with Allied Bank. Firms cannot open the account themselves. It is for the employees on the payroll.
Allied Bank can open your employees’ accounts in bulk. The facility covers Salary Management Accounts and Asaan accounts, and it keeps payroll set-up quick.
Your branch uses the latest version of Allied Bank’s bulk account opening template.
Since eKYC was introduced, it collects new details from each employee. Next of kin is one of them.
What Allied Bank needs to set it up. The documents depend on the variant:
| Variant | Documents |
|---|---|
| Asaan variant | Employee CNICs, the employer agreement, and other supporting documents. |
| Regular variant | Employee CNICs, the employee’s written request for account opening (proof of income), the organisation’s agreement, and other supporting documents. |
If your organisation wants to offer the account to staff, contact any Allied Bank branch.
Frequently Asked Questions
Q. What is the Allied Salary Management Account?
It is Allied Bank's account for salaried employees on payroll under a salary management agreement. It comes in four variants: Current, Asaan Current, Saving and Asaan Saving.
Q. Who is eligible for the Allied Salary Management Account?
Salaried persons who are employees on payroll under a salary management agreement. Eligibility runs in two tiers: a monthly salary of Rs 18,000 to Rs 25,000, or above Rs 25,000.
Q. Can I open it if my employer has no salary management agreement?
No. Only employees on payroll under a salary management agreement are eligible. Other individuals are not eligible.
Q. Can a firm open a Salary Management Account?
No. Firms are not eligible. The account is for the employees on the payroll, under the agreement.
Q. Can Allied Bank open salary accounts for all our employees at once?
Yes. Allied Bank offers bulk account opening for payroll clients. It covers Salary Management Accounts and Asaan accounts. Employee details go into the bank's bulk account opening template.
Q. What details does bulk account opening collect from employees?
Each employee's details, including the new fields added for eKYC. Next of kin is one of them. Your branch uses the latest version of the template.
Q. What is free on the Current variant?
Online cash withdrawal, online cash deposit and online account-to-account transfer are free and unlimited. The UnionPay PayPak Classic debit card is free for life.
Q. Does the Saving variant pay profit?
Yes. Profit is paid half-yearly. Profit rates are subject to change, so see the projected profit rates page on abl.com for the current rates.
Q. Is Zakat deducted from the Saving variants?
Yes. Zakat applies to the Saving and Asaan Saving variants. Our guide to Zakat on bank deposits explains how it is deducted.
Q. What are the limits on the Asaan variants?
Asaan Current has a credit limit of Rs 3,000,000 and debit turnover of up to Rs 1,000,000 a month. Asaan Saving has a maximum credit balance of Rs 3 million.
Q. Which debit card comes with the account?
Every variant offers a UnionPay PayPak co-badged debit card. On the Current variant, the UnionPay PayPak Classic card is free for life. On the Saving variants, issuance follows the Schedule of Charges.
Q. Where does the debit card work?
Wherever UnionPay and PayPak are accepted, in Pakistan and internationally. That includes shop payments, online shopping and ATM withdrawals.
Q. Is a cheque book available?
Yes, on the Saving variants. The cheque book is issued as per the Schedule of Charges.