Current Accounts and its types

1. A P RO J ECT O N:
CURRENT ACCOUNT &
ITS TYPES IN ABL
NCBA&EFRONT LANE CAMPUS

2. Presented to:
Prof. MUDASSIR ISMAIL
Presented By:
MUBASHAR HUSSAIN
MUAZ NAFEES
KALEEM ULLAH QURASHI
o Students of M.com (Semester 1)

3. •Introduction to Commercial Bank
A commercial bank is a financial institute
that provides financial services to business customers
and personals. It provides a lot of services to its
customers and make profit against its services.
Commercial banks are working under the banking
ordinance 1962. Commercial banks have to follow the
instructions given by the central bank. Some main
functions if commercial banks are car financing,
house financing, receiving deposits and advancing
loans.

4. •Introduction to Current Account
An account with a bank from which money may
be withdrawn without notice. Typically an active
account holder frequent deposits and withdrawals by
cheque, pay order etc. Generally a bank pays no
interest in current account. The current account is an
important indicator about an economy's health.

5. •Types of Current Account in ABL
Allied Bank Limited deals in following types of
current account
 Allied Current Account
 Easy Current Account
 Aasan Current Account
 Pension Current Account
 Allied Business Current Account
 Khanum Current Account

6. • Allied Current Account
Features:
 Free Online Cash Deposit and Withdrawal
 Free Online Clearing collection by Remote Branch
 Free Online Balance Enquiry
 Free Online Printing of Statement of account
 Free of cost issuance of first cheque book of 10 leaves
 Access to Allied Direct Internet Banking on Personal Computer
and Mobile

7. • Allied Easy Current Account
Allied Easy Current account is Account for
individuals with no services charges in case of
Low Balance. Its suitable for those who don’t
have much money to deposit with bank.
 Features:
 Free first cheque book.
 Free ATM card
 No service charges on low balance.
 Free Mobile Banking

8. Procedure for AECA
Following Documents required for opening Allied
Easy Current Account.
o CNIC
o Source of income (Vary from person to person)
 Salary slip or appointment letter for salaried person
 Letter head for business holder
 Proof of land for farmer etc

9. • Allied Asaan Current Account
Allied asaan Account is easy to open only with
Rs.100 just showing CNIC. It is designed to
attract customer like student, uneducated persons,
housewife etc who don’t have any proof of income.
Features:
 Easy opening with just ID card.
 No minimum balance requirement.
 Free ATM card.
 Free SMS banking.
 Free First Cheque Book.

10. • Allied Khanum Account
women is an important part of our society allied bank also
facilitate women like doctor, housewife widows etc by
offered them allied Khanum account women which are
resident of Pakistan and has a valid CNIC can open their
account.
Features:
 free cheque book
 Free ATM for 1st year
 Free online transfer within country.
 Rs. 25000 monthly limit on ATM.
 Can receive foreign income.
 50% discount on Locker charges.

11. • Allied Pension Account
Allied pension Account is suitable for
pension holder or a person who is near
to retirement. This account is opened
just showing proof of pension in this
account a person can receive his
pension.

12. • Allied Business Account
With Allied Business Account, the Bank offers ease,
flexibility, and a whole range of free benefits to
match all needs of business. And there is no
minimum balance requirement for operating this
particular account either.
Documents Required:
 Business letter head.
 Business Stamp
 NTN number.

13.  Features:
 FREE Online Cash Deposit
 FREE Online Cash Withdrawals
 FREE First Cheque Book of 10 Leaves
 FREE Online Account to Account Transfer
 FREE Issuance of Demand Drafts
Charges:
 Rs. 100 monthly (if avg. deposit falls below Rs. 50,000)
• Allied Business Account