An affordable banking product for customers who are unable to maintain a high balance requirement.

Salient features

• A Pak Rupee current account on which no profit / return will be paid to the depositor
• Account opening requirement of Rs. 1000/- only
• No balance requirement and no penalty for low balances
• The account will automatically be closed in case a nil balance is maintained for 6 months.
• The customer will be allowed 2 deposits (cash or clearing) and 2 withdrawals (cash or clearing) in a month, free of cost. Transactions over and above will be charged as per Schedule of Charges
• Unlimited, free of cost cash withdrawals through ABPL’s ATM network.
• Transactions on non-ABPL ATMs will be charged as per Schedule of Charges
• Statement of account will be issued once a year
• Other services will be provided as per prevailing Schedule of Charges
• e-Statement
• 24/7 Phone Banking
• SMS banking

Islamic Concept
The ABPL basic banking account is based on the Islamic principle of Qarz, whereby the customer is the lender and the bank is the borrower. Your funds are invested with utmost care in halal business ventures only, and are payable, on demand, with neither any addition and/or penalty.

Eligibility criteria

• Individuals (18years & old)