Allied Bank Limited :: Commercial

Attention Valued Customers

Unclaimed Deposists/Instruments

In accordance with the Banking Companies Ordinance, 1962, Section 31, the Bank is liable to surrender to S.B.P, all unclaimed deposits and instruments which have not been operated/collected by the account holders/beneficiaries for last 10 years.
All such customers/beneficiaries are requested to contect the concerned brance to re-activate their accounts/collect the instruments, failing which, the bank will be compelled to classify the same "UNCLAIMED" and surrender to SBP.

State bank revised instruction on unclaimed deposits

Public Notice

As per Section 31 of Banking Companies Ordinance 1962

A debt in Pakistan Rupee is owing by a banking company by reason of a deposit, not being a deposit in the name of a minor or a government or a court of law, at a branch of the banking company in Pakistan in respect of which no transaction has taken place and no statement of account has been requested or acknowledged by the creditor during the last ten years period are considered as unclaimed deposits. These include demand deposit, time deposit, pay order, demand draft, etc.

As per instructions of the State Bank of Pakistan, all un-claimed deposits are surrendered to the SBP. The customers’ may access this information at the following addresses:

1. Allied Bank website (http://www.abl.com.pk), respective branches of the Bank and Finance Group, Central Office, Karachi.

2. Website of State Bank of Pakistan (http://www.sbp.org.pk)

3. Field Offices of SBP Banking Services Corporation in Karachi, Lahore, Peshawar, Quetta, Islamabad, Rawalpindi, Faisalabad, Multan, Sialkot, Bahawalpur, Gujranwala, Hyderabad, Sukkur, D.I.Khan and Muzaffarabad.

All the claimants can apply for refund in the bank branch where deposit/instrument account was opened/payable. In cases where such branches have been closed /shifted, the nearest branch of the same bank should be contacted. It may please be noted that after completion of one-year from the date of making the list public, all unclaimed deposits/instruments will cease to be claimable and will be transferred to the government.