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List of Required Documents for Account Opening & KYC

  1. Duly filled and signed Account Opening Form (including KYC and FATCA Section). Joint Account Holder/ Ultimate Beneficiary (if any) shall be required to fill separate KYC and FATCA Form.
  2. Duly filled and signed CRS-1 Form of Principal Account Holder and Joint Account Holder (if any).
  3. Valid and legible copy of identity document of Principal Account Holder and Joint Account Holder/ Ultimate Beneficiary (if any). Identity document for local individual includes Computerized National Identity Card (CNIC), National Identity Card for Overseas Pakistani (NICOP), Pakistan Origin Card (POC) and Alien Registration Card (ARC). Identity document for foreign national individual includes Passport having valid visa on it or any other proof of legal stay along with Passport.
  4. In case of an Individual Investor with shaky/immature signatures, in addition to identity document, a passport size photograph of the account holder will be obtained.
  5. If the residential address of the Individual Investor is different from the addresses mentioned on his/her identity document then a copy of latest Utility Bill paid/ Bank Statement/ Rental Agreement for verification of residential address shall be obtained.
  6. Latest and valid Source of Funds document(s) justifying the amount of investment/account balance. List of required Sources of Funds documents is provided below:
S.No. Source of Funds Required Documents
1 Income from Salary
  • Account balance below Rs. 10 million:

An attested copy of Service Card or Job Card or Certificate/Letter on letter head of the employer.

  • Account balance equal to or above Rs. 10 million:
  • An attested copy of Service Card or Job Card or Certificate/Letter on letter head of the employer; and
  • A copy of Salary Slip (not more than three months old).

[Note: The Customer can get the copy attested by his/ her Human Resources/ Payroll Department or show original document to our Sales Person who will mark “Original Seen” on the copy with his/ her signature.]

2 Home Remittance
  • Account balance up to Rs. 5 Million:

Proceeds Realization Certificate (PRC) or Swift Slip or Remittance Slip (such as Western Union) or Bank Statement reflecting the amount of remitted proceeds.

  • Account balance above Rs. 5 Million but below Rs. 10 Million:
  • Proceeds Realization Certificate (PRC) or Swift Slip or Remittance Slip (such as Western Union) or Bank Statement reflecting the amount of remitted proceeds; and
  • Disclosure of relationship with the Remitter and identity of the Remitter.
  • Account balance equal to or above Rs. 10 Million:
  • Proceeds Realization Certificate (PRC) or Swift Slip or Remittance Slip (such as Western Union) or Bank Statement reflecting the amount of remitted proceeds;
  • Disclosure of relationship with the Remitter and identity of the Remitter; and
  • KYC Form of the Remitter and documentary evidence for his/her source(s) of funds.
3 Inheritance
  • Notarized copy of Succession Certificate/ Heirship Certificate issued by competent Court; or
  • Notarized copy of decision taken by Punchayat/ Mahalla Committee duly attested by Gazetted Officer of Grade 17 or above; or
  • Duly executed Will/ Gift Deed/ Transfer Deed as applicable.
4 Savings/ Investments
  • Bank Statement of at least previous six (6) months; or
  • IPS Statement/ CDC Statement/ Broker Statement/ Investment Statement of at least previous six (6) months; or
  • A copy of latest income tax return and wealth statement.
5 Rental Income
  • Copy of Retirement Letter/ Settlement Letter/ Pension Book or any other valid document disclosing the amount of retirement benefits..
6 Agriculture Income
  • Copy of Pass Book or any other document that validates the ownership of agriculture property; and
  • Latest documentary evidence to justify account balance such as Bank Statement of at least previous twelve (12) months or copy of latest income tax return and wealth statement or any other valid documentary evidence.
7 Rental Income
  • Copy of duly executed rental agreement.
8 Disposal Proceeds of the Property
  • Copy of Sale deed/ Gift deed/ Transfer deed showing the amount of sale proceeds.
9 Business Income of Self Employed Person
  • Account balance below Rs. 10 million:
  • Declaration of sole proprietorship, account opening requisition and declaration of unregistered business (if applicable) on business letter head;
  • Copy of registration certificate from SECP only in case of registered concerns;
  • Copy of certificate or proof of membership of trade bodies such as Chamber of Commerce, Shop Owners Association etc., wherever applicable; and
  • A copy of latest utility bills paid or Rental Agreement of the business place or Bank Statement for verification of Registered/ Business address.
  • Account balance equal to or above Rs. 10 million:
  • All documents as mentioned in bullet (a) to bullet (d) for account balance below Rs. 10 million; and
  • Any documentary evidence about sources of funds and wealth such as copy of latest income tax return and wealth statement or latest accounts of sole proprietorship, etc.
10 Income of Partner of the Partnership
  • Account balance below Rs. 10 million:
  • Duly notarized Partnership Deed.
  • Account balance equal to or above Rs. 10 million:
  • Duly notarized Partnership Deed; and
  • Any documentary evidence about sources of funds and wealth such as copy of latest income tax return and wealth statement or latest accounts of partnership, etc.
11 Housewife receiving funds from husband/ child/ blood relative
  • Duly filled KYC Form of the provider of the funds;
  • Documentary evidence for provider’s source of funds as covered in Serial No. 1 to 10; and
  • Self-declaration (of customer) for source and beneficial ownership of funds.
12 Student (18 years old or above) receiving funds from blood relative
  • Duly filled KYC Form of the provider of the funds;
  • Documentary evidence for provider’s source of funds as covered in Serial No. 1 to 10; and
  • Self-declaration (of customer) for source and beneficial ownership of funds.
13 Investment on behalf of Minor
  • Duly filled KYC Form of the Guardian; and
  • Documentary evidence for source of funds of the Guardian as covered in Serial No. 1 to 10.
  1. If payment instrument (Cheque/ Payment Order/ Demand Draft) is issued by any third party in favour of the Individual Investor then following document shall be provided:
    1. No Objection Declaration (NOD) from the Payment Instrument Issuer in favour of the Individual Investor;
    2. KYC Form duly filled by the Payment Instrument Issuer; and
    3. Documentary evidence for source of funds of the Payment Instrument Issuer.
S.No. Nature of Account Required Documents
1 Sole Proprietorship
  • A photocopy of CNIC/ SNIC/ NICOP/ POC/ ARC (in case of local individuals only) or a photocopy of Passport having valid visa on it or any other proof of legal stay along with Passport (in case of foreign national individuals only) of the Sole-Proprietor;
  • Copy of registration certificate from SECP only in case of registered concerns;
  • Copy of registration certificate from SECP only in case of registered concerns;
  • Declaration of sole proprietorship on business letter head;
  • Account opening requisition on business letter head; and
  • A copy of latest utility bills paid or Rental Agreement of the business place or Financial Statements or Bank Statement for verification of Registered/ Business address.

Account balance equal to or above Rs. 10 Million:

  • All documents as mentioned for account balance below Rs. 10 million; and
  • Any documentary evidence about annual income of the Sole Proprietorship such as copy of latest income tax return and wealth statement or latest accounts etc.
2 Partnership
  • Photocopy of identity document as per Serial No. I (a) above of all Partners and Authorized Signatories.
  • Duly notarized Partnership Deed.
  • Attested copy of Registration Certificate with Registrar of Firms. In case the partnership is unregistered, this fact shall be clearly mentioned.
  • Authority letter from all partners, in original, authorizing the person(s) to operate firm’s account.operate firm’s account.
  • A copy of latest utility bills paid or Rental Agreement of the business place or Financial Statements or Bank Statement for verification of Registered/ Business address.
  • Latest documentary evidence to justify investment amount such as Bank Statement of at least previous six (6) months or copy of income tax returns or latest financial statements, etc.
3 Limited Companies/ Corporations
  • Photocopy of identity document as per Serial No. I (a) above of all Directors and persons authorized to open and operate the account.
  • Certified copy of Resolution of Board of Directors for opening of account specifying the person(s) authorized to open and operate the account.
  • Certified copy of Memorandum and Articles of Association.
  • Certified copy of Certificate of Incorporation..
  • Certified copy of Certificate of Commencement of Business (wherever applicable).
  • Certified copy of List of Directors on “Form A/ Form B” issued under Companies Act, 2017 and Form-29, wherever applicable.
  • Copy of latest available Audited Financial Statements in case of Listed Companies only.
  • Copy of latest available Financial Statements filed under the Section 234 of the Companies Act 2017 in case of other companies.
  • NTN Certificate.
4 Trust, Clubs, Societies and Associations etc.
  • Certified copy of Certificate of Registration/ Instrument of Trust.
  • Certified copy of By-laws/Rules & Regulations.
  • Resolution of the Governing Body/ Board of Trustees/ Executive Committee, if it is ultimate governing body, for opening of account authorizing the person(s) to operate the account.
  • Photocopies of identity documents as per Serial No. I (a) above of the authorized person(s) and of the members of Governing Body/ Board of Trustees/ Executive Committee, if it is ultimate governing body.
  • A copy of latest utility bills paid or Rental Agreement of the business place or Financial Statements or Bank Statement for verification of Registered address/ Business address
  • Any other documents as deemed necessary including its latest annual accounts/ financial statements or disclosures in any form which may help to ascertain the detail of its activities, sources and usage of funds in order to assess the risk profile of the prospective customer.
  • NTN Certificate.
5 NGOs/ NPOs/ Charities accounts
  • Certified copy of Registration documents/ certificate.
  • Certified copy of By-laws/Rules & Regulations.
  • Resolution of the Governing Body/ Board of Trustees/ Executive Committee, if it is ultimate governing body, for opening of account authorizing the person(s) to operate the account.
  • Resolution of the Governing Body/ Board of Trustees/ Executive Committee, if it is ultimate governing body, for opening of account authorizing the person(s) to operate the account.
  • Photocopies of identity documents as per Serial No. I (a) above of the authorized person(s) and of the members of Governing Body/ Board of Trustees/ Executive Committee, if it is ultimate governing body.
  • Any other documents as deemed necessary including its latest annual accounts/ financial statements or disclosures in any form which may help to ascertain the detail of its activities, sources and usage of funds in order to assess the risk profile of the prospective customer.
  • A copy of latest Utility Bills paid or Rental Agreement of the business place or Financial Statements or Bank Statement for verification of Registered address/ Business address.
  • NTN Certificate.
6 Branch Office or Liaison Office of Foreign Companies
  • A copy of permission letter from relevant authority i.e. Board of Investment.
  • Photocopies of valid passports of all the signatories of account.
  • List of directors on company letter head or prescribed format under relevant laws/regulations.
  • A Letter from Principal Office of the entity authorizing the person(s) to open and operate the account.
  • A copy latest Utility Bills paid or Rental Agreement of the business place or Financial Statements or Bank Statement for verification of Branch/Liaison office address.
  • Any other documents as deemed necessary including its latest annual accounts/ financial statements or disclosures in any form which may help to ascertain the detail of its activities, sources and usage of funds in order to assess the risk profile of the prospective customer.