Albaraka Basic Banking Account



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ALBARAKA BASIC BANKING ACCOUNT

Available to any individual, as a Current Account in Pak Rupees
Minimum initial deposit : only Rs. 1,000/-. No minimum balance requirement.
No fee/charges applicable for maintaining the account.
No restriction on the frequency of transactions in the account.
Statement of account to be sent to the customers once in a year as at 31 December.
Eligibility : any individual (new or existing customer) who fulfils our Bank's standard criteria for opening of an account, particularly fulfilling the KYC and AML requirements.
Where account balance remains 'nil' for a continuous period of six months, the account to be closed.
Cheque Book facility available (charges as per Bank's current schedule of charges)
Automatic entitlement to AIB's 'BaraKash' Card for ATM/POS transactions (charges as per Bank's current schedule of charges)
Entitlement to AlBaraka Online Banking services (charges as per Bank's current schedule of charges)