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Account Opening Guideline and ChecklistAccount Opening Guideline and Checklist

Account Opening Guideline and Checklist

Account Opening Process Flow:

  • A potential customer walks in branch for Account Opening.
  • Branch guides the customer with the Product & Services being offered by Bank Alfalah.
  • Customer fills / signs the Account Opening Form (AOF) and associated documents (as applicable).
  • The branch performs Due Diligence and examines the Account Opening Form (AOF) and associated documents.
  • Once all the requirements are fulfilled, the Account Opening Form (AOF) and associated documents are submitted for Account Opening.

Note: The Turnaround Time (TAT) for Account Opening is 1 working day.

For more account opening information, please click here.

List of Account Opening Documents:

  • Account Opening Form (AOF)
  • Term & Conditions
  • Signature Specimen Card
  • Key Fact Statement (KFS)
  • Proof of Income / Funds
  • Biometric Verification
  • Any other documents (if applicable)

Income Proof Requirement:

For Salaried Individuals:

a) For Proof of Profession* (Any one of the following documents should suffice)

  • Valid Job/ Employee Card, OR
  • Employer/ Job Certificate, OR
  • Employment Contract, OR
  • Employer Letter, OR
  • Iqama/ Work Permit showing Profession/ Employment Details, OR
  • For Retired Persons, a copy of Retirement Letter/ Proof of Retirement, OR
  • Any other Document evidencing the Profession

b) Source of Income/ Funds* (Any one of the following documents should suffice)

  • Latest Salary Slip, OR
  • Salary Certificate, OR
  • Payment Slips/ Record, OR
  • Account Statement, OR
  • Tax Statement/ Return/ Certificate, OR
  • For Retired Persons, an evidence of Terminal Benefits/ Pension Book etc., OR
  • Any other Document evidencing Source of Income

Note: A single document showing the Proof of Profession and Source of Income/ Funds may also suffice both the requirements.

Self-employed/ Non-Salaried / Unemployed Persons:

a) For Proof of Business/ Work* (Any one of the following documents should suffice)

  • Business Registration Document, OR
  • Business/ Proprietor Letter Head; or any other Proof of Self Employment (e.g. Lawyer/ Doctor/ Consultant/ Freelancers/ Grocery Store/ Medical Store/ Labor Work etc.), OR
  • Partnership/ Business Deed, OR
  • Housewives – Declaration, OR
  • Student ID Card/ Letter from Educational Institute, OR
  • Iqama/ Work Permit showing Business/ Nature of Work etc., OR
  • Any other Document evidencing the Profession

b) Source of Income/ Funds* (Any one of the following documents should suffice)

  • Receipt of Payment against the Work, OR
  • Account Statement, OR
  • Particulars of Income/ Funds Providers (e.g. Family Members/ Guardian/ Stipends/ Social Benefits etc.), OR
  • Tax Statement/ Return/ Certificate, OR
  • Any other Document evidencing Source of Income

Note: A single document showing the Proof of Profession and Source of Income/ Funds may also suffice both the requirements.

Miscellaneous/ Others:

  • Inheritance, OR
  • Agriculture income, OR
  • Investment in securities, bonds, shares, etc., OR
  • Investment in property, OR
  • Interest income

Note: Both Salaried/ Non-Salaried/ Self-employed/ unemployed may derive their income funds from these sources as well.

Apply Now Or you can apply for Account Opening Guideline and Checklist at the branch.