Allied Aitebar Salary Management Account

• No Initial deposit requirement
• Profit Calculation on Average monthly balance and payment on monthly basis
• Free issuance of Cheque Book
• Free Inter-Branch Online Transactions (Cash Deposit/Withdrawal/Account to account transfer)
• Free myABL Internet Banking Registration and Annual Subscription (Transaction Charges apply as per ABL-IBG SOC)
• Free SMS Alerts for ADC transactions
• No minimum balance requirement

• The employer entering into the Salary Management agreement/arrangement will open Allied Islamic Business Plus Account for Salary disbursement to their employees.
• Minimum Staff strength: 50 employees on payroll
• Minimum Salary requirement: Rs. 37,000/- per month

• Employer can take control and manage payroll offsite through e-Banking, i.e. Business Internet Banking as per arrangement.
• Preferential Rates for any Consumer Finance Facility can be offered in line with Consumer Finance Policy for onboarding of Corporate Arrangements.
• Salary Processing charges PKR 50/- Per account plus applicable taxes (Fee waiver is subject to business volumes based on favorable Cost Benefit Analysis)

• Maintenance of average minimum monthly deposit as mutually agreed by the customer.
• As per mutually agreed percentage of the customer’s business is required to be routed via ABL IBG counter.
• Salaries may be disbursed via ABL’s Salary account platform from the month of opening of accounts.
• Salaries are required to be disbursed from employer’s account maintained with ABL-IBG and not with same day cash or clearing transaction.

Note: All the documentation will be completed in line with applied policy and Regulatory guidelines.