Arif Habib Investments: ATM

ATM

Arif Habib Investment Management Limited makes life easier for you by issuing you a personal ATM Card. This is Pakistan’s first ATM Card, which allows you a facility of instant redemption from your investments in a mutual fund (Pakistan Stock Market Fund, Pakistan Income Fund, Pakistan Capital Market Fund and Pakistan International Element Islamic Fund). With your ATM Card, you will be able to access your ATM account nationwide, 24 hours a day, 7 days a week. Now you can enjoy better than market returns on your investments with the convenience of instant redemption whenever you desire.

Arif Habib Investment Management Limited clients with balances of above Rs. 100,000 will be entitled to an ATM Card facility. Bank Al Habib will issue the ATM Card and open current accounts for Cardholders with limited privileges.

With the ATM Card, you will be able to withdraw up to 50% of repurchase value or Rs. 25,000, whichever is lower. Your ATM Card also works as a debit card at selected locations (point of sale) nationwide. This facility is restricted to individual investors only.

There will be a nominal annual fee of Rs. 200 only and a transaction fee of Rs. 15 only. If you use an ATM card other than Bank Al Habib’s you will also have to pay an Interchange fee of Rs. 15.

To apply please call us at Toll Free: 0800-02020 / 111-INVEST (111-468-378) or contact us to receive an application form.