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