Account Opening Guidelines

Gateway to Digital Account Opening

Click here to apply for Digital Accounts Resident Pakistanis

Click here to apply for Roshan Digital Account for Non-Resident Pakistanis

Click here to apply for Freelancer Account & Exporters Special FCY Account

Click here to apply for Asaan Digital & Asaan Digital Remittance Account

Set up your Bank Account

Samba Bank Limited allows its customers to open account digitally (without coming to the branch) and through traditional paper-based account opening procedures both. Depending upon your category, you can use the below channels for opening of accounts.

Customer Category	Digital/Remote	Traditional Paper - Based
Accounts for Resident Pakistanis
Individual :: Mass Market	Yes	Yes
Individual ::Asaan & Asaan Remittance Account	Yes	Yes
Individual :: Freelancer Account Holder	Yes	Yes
Individual :: Student, Self Employed, Retired, Agriculturist etc	Yes	Yes
Individual :: Student, Self Employed, Retired, Agriculturist etc	Yes	Yes
Individual :: Minor	Yes	Yes
Individual :: Loan Account	No	Yes
Non-Individual/Entity/NGO/NPO/Trust/Govt.	No	Yes

Customer Category	Digital/Remote	Traditional Paper - Based
Accounts for Non-Resident Pakistanis
All Individual/Natural Persons Account Categories	Yes	Yes
Non-Individual/Entity/NGO/NPO/Trust/Govt.	No	Yes

Customer Category	Digital/Remote	Traditional Paper - Based
Accounts for Foreign Nationals
All Individual/Natural Persons Account Categories	Yes	Yes
Non-Individual/Entity/NGO/NPO/Trust/Govt.	No	Yes

• The accounts of all customers, whose account opening documentation formalities are complete in bank’s records as per AML?CFT/CPF regulations as stated by the State Bank of Pakistan will be opened on the same working day.
• The accounts of Non-Resident Pakistanis (NRP), who are submitting their Roshan Digital Account Opening applications remotely, their Turn Around Time for decision to open or decline account or convey discrepancies to the customer is two working days from the time when required documents/information have been uploaded by the customer.
• Particularly for the Freelancer & Asaan Digital/Remittance Account categories, the digital/normal account opening procedures are simplified and their account opening turn-around-time is two working days from the time of submission of application (subject to completion of bank’s documentation formalities)

The opening of all bank accounts is subject to the account holder’s successful qualification on the KYC/CDD/AML criteria as laid by the SBP and bank’s own risk matrix.

The customer will be required to provide Product Key Fact Statement (PKFS) with all the account-opening requests as per the SBP guidelines.

Identity Documents

The following documents/credentials constitute as identity documents for opening of account.

Income Proof / Source of Income documents along with valid IDs shall remain applicable in all cases (where applicable)

Valid ID

• Computerized National Identity Card (CNIC)
• Smart National Identity Card (SNIC)
• National Identity Card for Overseas Pakistani (NICOP) [In case of Pakistanis holding dual nationality]
• Pakistan Origin Card (POC) [In case of Foreign Nationals of Pakistani Origin]
• Alien Registration Card (ARC) [In case of local currency accounts of Registered Aliens residing in Pakistan]
• Valid Passport, having valid visa on it or any other proof of legal stay along with passport [In case of Foreign Nationals individuals]

CNIC Without Photograph

• A photograph duly attested by gazetted officer/Nazim/Administrator/bank officer
• A copy of CNIC (without photograph), attested by the same person who attested the photograph

Expired IDs

• Copy of NADRA Receipt/Token for issuance of new card
• Copy of expired CNIC/SNIC

Salaried Persons

• Any document which can validate the source & proof of funds of the Applicant such as Salary Slip/Certificate from Employer

Students

• Attested Copy of latest & valid identity card of Educational Institute or Letter from the Educational Institute.
• Proof of earning/source of income of guardian/funded person

Minor

• Copy of the applicable valid identity document of the minor and his/ her parent or natural or Court Appointed Guardian
• Certified copy of order of appointment of Guardian appointed by Court, if applicable

Mentally Disordered Person

•  Copy of applicable valid identity documents of mentally disordered person and court appointed manager under the applicable laws related to mental health. 
•  Certified true copy of court order for appointment of manager for mentally disordered person.
• Verification of identity document through bio-metric verifications from NADRA for both persons i.e. mentally disordered person and the manager appointed by court.  
• Verification of court order from the concerned court (to be obtained by bank).

Retired Persons

• Attested Copy of Evidence/Proof of Retirement

Landlords (Agriculture Property)

• Attested copy of Passbook of Landholding Records

Landlords (Non-Agricultural Property)

• Attested copy of Rent Agreement of building/office/house etc

Blind & Visionary Impaired Persons (In addition to above documents, as applicable)

• A Photograph of the blind/visionary impaired person
• Attested Copy of CNIC/SNIC of witness (known to the blind/visionary impaired person)

Illiterate Persons (In addition to above documents, as applicable)

• A Photograph of the Illiterate person
• Attested Copy of CNIC/SNIC of witness (known to the Illiterate person)

Foreign National Individuals

• Any document which can validate the source & proof of funds of the Applicant such as Salary Slip/Certificate from Employer/Business Letter Head W8 or W9 as applicable in case of any US indicia found

Self Employed

• Account opening request on business letter head

House Wife

• Income proof and valid ID (CNIC/SNIC) for person providing funds.

Small Businesses

• Copy of the applicable valid identity document of the account holder(s)
•  Any one of the following documents:
  • Registration certificate for registered concerns
  • Sales tax registration or NTN certificate, wherever applicable
  • Certificate or proof of membership of trade bodies etc., wherever applicable
  • Proof of source of funds/ income
• Account opening requisition on business letter head.

Sole Proprietor

• Sole Proprietor declaration and account opening request of business letter head signed by owner in official capacity
• Valid ID – CNIC/SNIC/POC
• Sales Tax or NTN Certificate or Registration Certificate or Certificate of membership of trade body
• FATCA and CRS declarations
• Beneficial owner declaration signed by signatory.

Partnership (Registered/Unregistered)

• Attested Copy of Partnership deed duly signed by all the partners
• Attested Copy of certificate of registration in case of registered firm In case the partnership is unregistered, this fact should be clearly mentioned on the Account Opening Form.
• Authority letter, in original, signed by all partners for opening and operating the account.
• Copy of valid CNIC of all Partners/authorized Signatories
• Account and operating request on business letter herd duly signed by all partners.
• FATCA & CRS Declarations
• Beneficial owner declaration signed by signatories

LLP (Limited Liability partnership)

• Copy of certificate of incorporation of LLP.
• a) Certified Copies of:
  • Limited Liability Partnership Deed/Agreement’
  • LLP-Form-III having detail of partners/ designated partner in case of newly incorporated LLP.
  • LLP-Form-V regarding change in partners/designated partner in case of already incorporated LLP.
• b) Authority letter signed by all partners, authorizing the person(s) to operate LLP account.
• Copy of valid CNIC of all Partners/Signatories
• Account Opening request on business letter herd duly signed by all partners.
• FATCA & CRS Declarations
• Beneficial owner declaration signed by signatories

Limited Companies (Private – Public)

• Account opening request and List of directors on business letter head
• Certificate of Incorporation
• Certificate of Commencement of Business (as applicable)
• Certified copies all of the following documents:
  • Resolution of Board of Directors for opening of account specifying the person(s) authorized to open and operate the account;
  • Memorandum and Articles of Association;
  • Certified copy of Latest ‘Form-A/Form-B’
  • Incorporate Form II in case of newly incorporated company and Form A/ Form C whichever is applicable; and Form 29 in already incorporated companies
• FATCA & CRS Declarations
• Beneficial owner declaration
• Copy of valid CNIC of all directors / Signatories

NGOs/NPOs/Charities

• Photocopy (after original seen) of the applicable identity documents of all members of Governing Body/ Board of Directors/Trustees/Executive Committee, if it is ultimate governing body and authorized signatories.
• Certified copies all of the following documents:
  • All relevant Registration documents/Certificate of Incorporation/license issued by SECP, as applicable
  • Memorandum & Article of Association
  • Incorporation Form II in case of newly incorporated company and Form B-29 in case of already incorporated company
  • Resolution of the Governing Body/Board of Directors/Trustees/Executive Committee, if it is ultimate governing body for opening of account authorizing the person(s) to operate the account
• 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
• List of Governing body
• Declaration from Governing Body/Board of Trustees/Executive Committee/Sponsors on ultimate control, purpose and source of funds
• Certificate from respective provisional charity commission
• Certificate from EAD (in case of foreign donations)

• Governing Body & Signatories due diligence forms

Trusts, Clubs, Societies and Associations

• Copy of the applicable valid identity document of:
  • All members of Governing Body/Board of Directors/Trustees/Executive Committee, if it is ultimate governing body
  • All authorized signatories Settlor, the trustee(s), the protector (if any), and the beneficiaries
• Declaration from Governing Body/Board of Trustees/Executive Committee/Sponsors on ultimate control, purpose and source of funds etc.
• Certified copies all of the following documents:
  • Certificate of Registration/Instrument of Trust
  • By-laws/Rules & Regulations
  • Resolution/Documentation of the Governing Body/Board of Trustees/Executive Committee, if it is ultimate governing body authorizing any person(s) to open and operate the account.
• List of trustees
• Certificate from respective provisional charity commission
• Certificate from EAD (in case of foreign donations)
• Trustees due diligence forms

Branch Office or Liaison Office of Foreign Companies

• Copy of the applicable valid identity document of senior official and/or authorized signatories
• Copy of permission letter from relevant authority i.e. Board of Investment
• List of directors on company letterhead or prescribed format under relevant laws/regulations.
• Certified Copy of Form II about particulars of directors, Principal Officer etc. in case of newly registered branch or liaison office of a foreign company
• Certified Copy of Form III about change in directors, principal officers etc. in already registered foreign companies branch or liaison office of a foreign company
• Letter from Principal Officer of the entity authorizing the person(s) to open and operate the account.
• Passport for Principal Officer and authorized personnel’s.

Agent Accounts

• Copy of the applicable valid identity document of the agent and principal
• Certified copy of ‘Power of Attorney’ or ‘Agency Agreement’
• The relevant documents/papers from, if agent or the principal is not a natural person

Executors and Administrators

• Copy of the applicable valid identity document of the Executor/Administrator
• Certified copy of Letter of Administration or Probate