Table of Contents
introduction
Allied Bank Limited (ABL) is one of Pakistan’s oldest and most trusted banking institutions. With a history dating back to 1942, the bank has grown to offer a wide range of financial products and services catering to individuals, businesses, and corporate clients. This article explores the rules, terms, and the quantity of services offered by Allied Bank in 2025.
Allied Bank Overview
- Founded: 1942
- Headquarters: Lahore, Pakistan
- Type: Public
- Network: 1,400+ branches and 1,500+ ATMs across Pakistan
- Website: www.abl.com
Allied Bank combines traditional banking with innovative digital services, offering convenience, security, and financial literacy to its customers.
Banking Rules and Regulations at Allied Bank
1. Account Opening Requirements
To open a bank account, customers must:
- Provide valid CNIC (Computerized National Identity Card)
- Submit recent photographs
- Present proof of income or employment (for salary or business accounts)
- Provide utility bill or proof of address (for KYC compliance)
- Fill out and sign the account opening form
2. KYC (Know Your Customer) Compliance
Allied Bank follows strict KYC rules to prevent fraud and money laundering:
- Regular verification of customer data
- Suspicious transactions are reported to the relevant authorities
- Inactive or dormant accounts require re-verification
3. Transaction Limits and Charges
- Cash Deposit: Free for account holders
- Cash Withdrawal: Daily ATM limit up to PKR 50,000 (can vary based on card type)
- Interbank Fund Transfers (IBFT): Free up to PKR 25,000 per day (digital channels)
- Checkbook Issuance: Charges apply after first free booklet
4. Digital Banking Rules
- Secure login and biometric options for mobile banking
- SMS and email alerts for all transactions
- OTP (One-Time Password) required for sensitive actions
- Limits on online transfers to prevent misuse
5. Credit Card Usage Rules
- Late payment charges on outstanding balances
- Interest applied if full amount not paid within due date
- Credit limit based on income verification and credit score
Quantity of Services Offered by Allied Bank
Allied Bank provides a diverse range of banking services. Here’s a breakdown:
1. Account Types
- Current Account – For everyday banking
- Savings Account – Profit-based account with monthly returns
- Young Savers Account – For children under 18
- Senior Citizens Account – With added benefits
- Roshan Digital Account – For overseas Pakistanis
2. Digital Banking Services
- MyABL Mobile App
- Internet Banking Portal
- SMS Alerts and Banking
- ATM and Card Services
3. Loan Services
- Personal Loans – For salaried individuals
- Auto Loans – Flexible tenure and low markup
- Home Loans – Up to 20 years repayment
- Business Loans – For SMEs and startups
4. Investment & Islamic Banking
- Term Deposits – Fixed profit rates over time
- Allied Aitebar Islamic Banking – Shariah-compliant products
- Mutual Funds – Investment through ABL Asset Management
5. Card Services
- Debit Cards – With different tiers and benefits
- Credit Cards – Silver, Gold, and Platinum options
- Prepaid Cards – For safe spending control
6. Business & Corporate Banking
- Business Accounts
- Payroll Solutions
- Trade Finance
- Cash Management Services
Security & Customer Support Services
- 24/7 Helpline: 111-225-225
- Fraud Detection Systems
- Lost Card Reporting & Blocking
- Customer Dispute Resolution Units
Compliance with State Bank of Pakistan (SBP)
Allied Bank adheres to all regulations issued by the State Bank of Pakistan, including:
- AML/CFT (Anti-Money Laundering & Counter-Terrorism Financing)
- Minimum Capital Requirements
- Reporting of Suspicious Transactions
- Interest rate caps (for certain loan categories)
Benefits of Banking with Allied Bank
- Wide network and nationwide coverage
- Strong digital platform for remote banking
- Inclusive services for youth, women, and overseas Pakistanis
- Quick processing of loan and credit products
- Financial literacy campaigns and advisory services
Conclusion
Allied Bank’s commitment to regulatory compliance and a wide array of services make it a key player in Pakistan’s financial sector. Whether you are looking for digital solutions, secure banking, or diverse investment options, ABL offers flexible, customer-focused solutions that meet modern-day needs.