NBP Funds Payment Book

NBP Funds Payment Book

Enjoy Hassle-free Fund Transfers with NBP Funds Payment Book Powered by Bank Islami Pakistan. Now make direct payments to any Bank Account Holder anywhere in Pakistan.

NBP Fund Management Limited (NBP Funds) is the first Asset Management Company (AMC) in Pakistan to offer a Payment Book facility for easy fund transfers from a Mutual Fund Account. The NBP Funds Payment Book enables investors to make direct payments to any bank account holder by issuing a signed Payment Slip in their favor. The Payment Book can be activated easily and the payment slips can be presented at any bank branch nationwide.

Activation Process:

To activate this Payment Book, you are required to duly sign and submit the “Payment Book Activation Request Leaf” to any NBP Funds Office or courier with title “Payment Book Activation Request Leaf” to Transfer Agency at NBP Funds Head Office.

After submission, you will receive a call from NBP Funds on your registered mobile number for activation. If the activation call is not successful for any reason, you can request for payment book activation at a later time by downloading the Payment Book Activation Form .

Please refer to all “Terms and Conditions” and instructions provided in the Payment Book Requisition Form to understand how the Payment Book works.

Some Important Points:

  • Payment slip cannot be presented at a bank for cash withdrawal. It is only valid for fund transfer to beneficiary’s bank account.
  • On submission to bank, the Payment Slip will be sent for normal clearing and funds will be realized on the next working day or as given on clearing stamped receipt. Same-day clearing option is not available.
  • In case your payment book/slip is stolen/misplaced, kindly immediately contact our Help Line 0800-20002 from your registered number for cancellation to prevent any misuse.
  • For more details, please refer to the Payment Book FAQs (Frequently Asked Questions).

Withdrawal Limits
Description Min Max
Backward Pricing Fund PKR 1,000 95% Balance
Forward Pricing Fund PKR 1,000 90% Balance
 

Schedule of Charges valid till June 30th 2024:

Per Payment Book (10 Leaves) PKR 200
Per Payment Book (25 Leaves) PKR 500
Per Payment Book (50 Leaves) PKR 700
Payment Slip Inward Return Charges PKR 500 per slip
Document Retrieval Charges PKR 100 per slip
Courier Charges At actual (if any)
The above charges are exclusive of Government applicable taxes & FED, and are applicable till June 30, 2024.
 

NBP Funds is committed to providing its investors with innovative financial solutions for a better investment experience.

Key Features:

 

First AMC to launch Payment Book

Easy Funds Transfer to any bank beneficiary

Accepted at all Bank branches in Pakistan

Simple Activation Process and Secure Payments

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