ATM- CARDS DEPARTMENT
This department deals in issuing ATM-Card, term deposits and Askari Bachat Certificate. Mr. Kamran deals this department.
ATM CARD
ATM – Cards are only issued to Account Holder. Any account holder of ACBL (current “Saving Value plus Saving Account”) can obtain ATM card from ACBL with in 15 days. Maximum limit of daily cash withdrawal is Rs. 10000.
ISSUING PROCEDURE
- The person, first open the account within the blank.
- Then he fills the ATM application form in which name of account holder, account number, address, phone number are mentioned.
- Then on the same application form bank officer guides branch code, application number and signatures are verified by the bank. Bank manager puts his signatures.
- After completing this process, the application package is sent to card center.
- Card along with pin code is sent to the branch from the head office. ACBL head office takes a period of 3-4 weeks for preparing and processing of ATM – cards. First, list of card holder is issued and then after 15 days cards are sent to ACBL issuing branch. The card and list are not sent simultaneously in order to avoid any mishandling.
- ACBL takes Rs. 200/per year or Rs. 100/semi annual as charges for a card.
You can deposit money “withdraw” get balance inquiry “transfer the
fund” 24 hours a day at any branch of ACBL which has ATM facility. ACBL
ha shared ATM network with ABN AMRO and HBL.
ASKARI BACHAT CERTIFICATE
The
ABC application form is filed and signed. All the requirements are
properly fulfilled. The details are written. The credit voucher is made
against the cash that the customer deposits to the bank. The
certificate is filled according to the specification. The certificate
is then handed over the customer. The entry is made in the ABC
register. The application is then posted in the file.
TERM DEPOSIT
Any person can open a term deposit. He needs not have an account in the bank.
PROCEDURE
- The customer comes to the bank and specifies the number of days for which he wants to Deposit hid money in term deposit.
- The credit voucher is made for the amount of cash to be deposited. The presence of account is not necessary.
- The term deposit form is then filled by the officer. The date of opening, the period, the name of the customer, the signature etc is all written on the form.
- The term deposit Receipt is filed according. All the requirements are carried out, the signature of the customer and the authorized officer, the stamp of the bank etc.
- The term deposit Receipt is then given to the customer.
- The number of the term deposit form and term deposit is noted receipt is then given to the customer.
- The number of the term deposit form and term deposit receipt is noted in the term deposit Register.
- After completion of the form, it is posted in the term deposit file.
- A 0.2% tax on the provincial amount is taken while issuing the receipt.
- A credit voucher made and the amount is credited to the tax on TD.
