Key Fact Statement (KFS) for Deposit Accounts
BANK AL HABIB LTD Date
__________ branch IMPORTANT: Read this document carefully if you are considering opening a new account. It is available in English and Urdu. You may also use this document to compare
different accounts offered by other banks. You have the right to receive KFS from other banks for comparison.
Account Types & Salient Features: Asaan Account
This information is accurate as of the date above. Services, fees and mark up rates may change on Quarterly basis. For updated fees/charges, you may visit our website at www.bankalhabib.com or visit our
branches.
Bank AL Habib Asaan Saving Account is just for you. Easy to open and loaded with value-added services.
• No initial deposit required • Total Debits per month PKR 1,000,000/- • Total Credit Balance Limit PKR 1,000,000/-
• No Service Charges at opening or closure of Asaan Account • PayPak Debit Card* • Free life insurance **
• Free E-Statements • SMS Alert Facility • Free Internet and Mobile Banking
• No Introducer requirement, except for illiterate, visually impaired/ blind persons
*Bank AL Habib PayPak Card is the default Debit Card being offered under this account, however you may opt for a Visa or UnionPay Card. Terms and Conditions Apply.
*Free Life Insurance Coverage for customer with following eligibility criteria:
• New Accounts Eligible after 90 Days of Opening of Account • Claims Payable on the basis of 90 Days of average Balance in Customer Account
• Maximum Payable on the Natural Death / Permanent Disability PKR 0.5 Million • Maximum Payable on the Accidental Death / Permanent Disability PKR 1 Million
• In Case of Joint Account, Any One of the Account-holders will be covered • Age Limit- 18 to 60 Years
Note:
Kindly refer Schedule of Charges (SOC) for exemptions of service charges.
Conventional
Particulars
Asaan Account
Currency PKR
Minimum Balance for To open 0
Account To keep 0
Account Maintenance Fee 0
Is Profit Paid on account
Yes
Subject to the applicable tax rate
Indicative Profit Rate. (%) 12.50%
Profit Payment Frequency Bi-Annual
Monthly Avg Bal: PKR 1,000
Provide example:
BI-Annual Profit: Rs. 62.5
Total Debit
PKR 1,000,000/-Monthly
Balance Limit
Total Credit PKR 1,000,000/-
Balance Limit
Fund Transfer & Cash Withdrawal Limit 0
Free Life Insurance Yes
Service Charges
IMPORTANT: This is a list of the main service charges for this account. It does not include all charges. You can find a full list at our branches, on our website at www.bankalhabib.com. Please note
that all bank charges are exclusive of applicable taxes.
Conventional
Services Modes
Asaan Account
Intercity 0
Intra-city 0
Cash Transaction
Own ATM withdrawal 0
Other Bank ATM PKR 23.44
ADC/Digital -
SMS Alerts Monthly
Clearing
(without FED) PKR 100
For other transactions
Visa Silver PKR 1,500
Visa Gold PKR 2,000
Debit Cards
Visa Platinum PKR 4,500
(Issuance & Annual charges)
UnionPay PKR 1,500
Paypak PKR1,100
Issuance PKR 18/ leaf
Cheque Book Stop payment PKR 500 per instruction
Loose cheque PKR 30/cheque
Conventional
Services Modes
Asaan Account
Remittance (Local) Banker Cheque / Pay Order PKR 300
Foreign Demand Draft USD 18
Remittance
stop payment of FDD/FTT US$ 6 plus drawee bank charges at actual
Foreign
Remittance
Foreign
Wire Transfer -
Annual 0
Half Yearly 0
Statement of Statement of A/c upto 6 Months PKR 35
Account Duplicate
Statement of A/c Above 6 months Additional PKR 35 per 6 months
E-Statements (Monthly) 0
Free IBFT - Upto Rs. 25,000/- per month / per account. For additional amount above Rs. 25,000/- per month / per account, 0.1% of the transaction
ADC/Digital Channels
Fund Transfer amount or Rs. 200, whichever is lower will be charge
Others 0
Internet Banking subscription 0
Digital Banking
Mobile Banking subscription 0
Normal 0
Clearing Intercity PKR 300
Same Day PKR 500 Flate
Closure of Account Customer request 0
You Must Know
Requirements to open an account: To open the account you will need to satisfy some identification requirements as Unclaimed Deposits: In terms of Section 31 of Banking Companies Ordinance, 1962 all
per regulatory instructions and banks' internal policies. These may include providing documents and information to deposits which have not been operated during the period of last ten years, except deposits in
verify your identity. Such information may be required on a periodic basis. Please ask us for more details. the name of a minor or a Government or a court of law, are surrendered to State Bank of
Cheque Bounce: Dishonoring of cheques is subject to a criminal trial in Pakistan under Pakistan Penal Code, 1860. Pakistan (SBP) by the relevant banks, after meeting the conditions as per provisions of law.
Accordingly, you should be writing cheques with utmost prudence. The surrendered deposits can be claimed through the respective banks. For further
Safe Custody: You are requested to do not share any personal information such as: Birth, mother’s maiden name, information, please contact your relationship branch.
Internet/Mobile Banking user ID & passwords, One Time Passwords, TPIN, Debit/Credit card number, PIN and Closing this account: In order to close your account, kindly visit your Relationship Branch
CVV. In case you receive such email, please do not respond. Instead, we would appreciate it if you report these How can you get assistance or make a complaint?
emails/SMS at info@bankalhabib.com Unit Head- Customer Complaint Unit, Bank AL Habib Ltd
Record updating: Always keep profiles/records updated with the bank to avoid missing any significant 4th Floor Plot no 30-C, Khayaban-e-Shahbaz, DHA Phase VI, Karachi.
communication. You can visit your relationship branch to update your information. Tel: (021) 35243570-71Helpline: (021) 111-014-014
What happens if you do not use this account for a long period? If your account remains inoperative for 12 Email: feedback@bankalhabib.com/info@bankalhabib.com
months, it will be treated as dormant. You have to reactivate your account. Website: www.bankalhabib.com
In case of unsatisfactory resolution, you may also write to the Banking Mohtasib Pakistan at
following address:
Banking Mohtasib Pakistan
Shaheen Complex, 5th floor, M. R. Kiyani Road,
Karachi.http://www.bankingmohtasib.gov.pk/
I ACKNOWLEDGE RECEIVING AND UNDERSTAND THIS KEY FACT STATEMENT
Customer Name: Date:
Product Chosen:
Mandate of account: Single/Joint/Either or Survivor
Address
Contact No.: Mobile No. Email Address
Customer Signature Signature Verified
Customer Signature
(Secondary-Incase of Joint Signature Verified
Account)
