By 30th June 2013, customers can use IBAN for payments in Pakistan.

IBAN is the acronym for ISO 13616 standard compliant International Bank Account Number. It is new format of existing account number which can be used confidently in making or receiving payments (currently excluding Cheques) within the country as well as abroad. The confidence comes from two sources: the first is the internationally accepted standard for numbering bank customer accounts and the second is the ISO standard methodology for verifying the accuracy of the IBAN even before remitting the payment. An IBAN contains information relating to the country in which the IBAN was issued and where the IBAN account is held, bank code of account holder's bank as well as the account number itself. An IBAN contains information relating to the country, bank of the beneficiary as well as the account number itself. Formation of IBAN in Pakistan is a composition of 24 alpha-numeric characters.

IBAN facilitate accuracy and validation of account number of the recipient at the point of initiating a payment, regardless of the bank/country where customer maintains his/her account. It allows exchanging account identification details in machine readable form, hence ensure faster and more reliable electronic customer fund transfers while minimizing risk of delays.

An IBAN can be distinguished from a normal account number using the following:

- Two letters at the beginning of the IBAN, which refer to the country code where the account resides

- Two numbers (in the third and fourth position of the IBAN), which represent the check digit

- Four characters (after the check digits) to identify the respective bank where the beneficiary maintains his/her account

- The length of the IBAN is 24 characters.

The main benefit of IBAN versus a normal account number is that it increases the efficiency of electronic funds transfers.

- A bank account standard across Pakistan will bring more efficiency in payment processing by enabling the payments\clearing systems to electronically validate account numbers and to decide the route a payment should take without manual intervention.

- Elimination of delays in credit transfers originating from IBAN compliant countries to Pakistan as same are delayed, sometimes for several days due to manual intervention required for sending credit transfers to non IBAN compliant account numbers.

- IBAN implementation will help in bringing more efficiency in remittance related transactions as a significant percentage of these transactions are rejected due to inaccurate account numbers information. Account validation at remitting institution due to IBAN’s check digit mechanism will significantly reduce errors related to account numbers.

IBAN can be used for the following local and international payments after June 30, 2013:

Making a fund transfer (through a bank) to an account at a bank in Pakistan;

Making a payment (through a bank) to an account in a country that has adopted IBAN;

Receiving a fund transfer (through a bank) from an account at a bank in Pakistan;

Receiving a fund transfer (through a bank) from an account in a country that has adopted IBAN; and

Receiving a fund transfer (through a bank) from an account in a country that has not adopted IBAN.

Bank Code | Bank Name | SWIFT/BIC Code |
---|---|---|

ABNA | THE ROYAL BANK OF SCOTLAND LIMITED | ABNAPKKA |

ABPA | ALLIED BANK LIMITED | ABPAPKKA |

AEIB | AMERICAN EXPRESS BANK LIMITED | AEIBPKKX |

AFHB | AZIZ FIDA HUSSAIN | AFHBPKK1 |

AHRR | ALI HUSSAIN RAJABALI | AHRRPKK1 |

AIIN | ALBARAKA BANK (PAKISTAN) LIMITED | AIINPKKA |

AKDB | AQEEL KARIM DHEDHI | AKDBPKK1 |

ALFH | BANK ALFALAH LIMITED | ALFHPKKA |

ARHA | ARIF HABIB LIMITED | ARHAPKK1 |

ASCM | ASKARI BANK LTD. | ASCMPKKA |

ASKR | ASKARI BANK LTD. | ASKRPKKA |

BAHL | BANK AL HABIB LIMITED | BAHLPKKA |

BARC | BARCLAYS BANK PLC | BARCPKKA |

BATS | PAKISTAN TOBACCO COMPANY LIMITED | BATSPKA1 |

BCEY | SUMMIT BANK LTD | BCEYPKKA |

BKIP | BANKISLAMI PAKISTAN LIMITED | BKIPPKKA |

BMCM | BMA CAPITAL MANAGEMENT LIMITED | BMCMPKK1 |

BOTK | BANK OF TOKYO-MITSUBISHI UFJ, LTD., THE | BOTKPKKA |

BPUN | BANK OF PUNJAB, THE | BPUNPKKA |

BURJ | BURJ BANK LIMITED | BURJPKKA |

CDCP | CENTRAL DEPOSITORY COMPANY OF PAKIS TAN LIMITED | CDCPPKK1 |

CITI | CITIBANK N. A., PAKISTAN | CITIPKKA |

DBHD | SUMMIT BANK LTD | DBHDPKKA |

DEUT | DEUTSCHE BANK AG, KARACHI BRANCH | DEUTPKKA |

DUIB | DUBAI ISLAMIC BANK PAKISTAN LIMITED | DUIBPKKA |

FAIB | FAISAL ISLAMIC BANK OF BAHRAIN | FAIBPKK1 |

FAYS | FAYSAL BANK LIMITED | FAYSPKKA |

FCEQ | FIRST CAPITAL EQUITIES LIMITED | FCEQPKK1 |

FDIB | BURJ BANK LIMITED | FDIBPKKA |

FWOM | FIRST WOMEN BANK LIMITED | FWOMPKKA |

HABB | HABIB BANK LIMITED HEAD OFFICE | HABBPKKA |

HBLD | HABIB BANK LIMITED HEAD OFFICE | HBLDPKKA |

ICBK | INDUSTRIAL AND COMMERCIAL BANK OF CHINA, KARACHI BRANCH | ICBKPKKA |

IFBL | IFIC BANK LIMITED | IFBLPKK1 |

IGFS | IGI FINEX SECURITIES | IGFSPKK1 |

IVSP | INVISOR SECURITIES (PVT) LIMITED | IVSPPKK1 |

JAFP | JARDINE FLEMING PAKISTAN LTD. | JAFPPKK1 |

JESI | JEHANGIR SIDDIQUI AND CO . LIMITED | JESIPKK1 |

JSBL | JS BANK LIMITED | JSBLPKKA |

JSCM | JAHANGIR SIDDIQUI CAPITAL MARKETS LIMITED | JSCMPKK1 |

KABB | KAUSAR ABBAS BHAYANI | KABBPKK1 |

KASB | KHADIM ALI SHAH BUKHARI AND CO. LTD | KASBPKK1 |

KHYB | BANK OF KHYBER, THE | KHYBPKKA |

MAAD | MAJEED ADAM | MAADPKK1 |

MBPL | SAMBA BANK LIMITED | MBPLPKKA |

MEZN | MEEZAN BANK LIMITED | MEZNPKKA |

MPBL | HABIB METROPOLITAN BANK LIMITED | MPBLPKKA |

MTBL | HABIB METROPOLITAN BANK LIMITED | MTBLPKKA |

MUCB | MCB BANK LIMITED | MUCBPKKA |

NBPA | NATIONAL BANK OF PAKISTAN | NBPAPKKA |

NIBP | NIB BANK LIMITED | NIBPPKKA |

OCMV | OPTIMUS CAPITAL MANAGEMENT (PVT) LTD | OCMVPKK1 |

OIBA | HSBC BANK OMAN S.A.O.G. | OIBAPKKA |

PHCP | PAK-LIBYA HOLDING COMPANY PVT. LTD. | PHCPPKK1 |

PKIC | PAKISTAN KUWAIT INVESTMENT COMPANY (PRIVATE) LIMITED | PKICPKK1 |

PLCO | KASB BANK LIMITED | PLCOPKKA |

PRUC | Silkbank Limited | PRUCPKKA |

PUSV | I. PURI SECURITIES (PVT) LIMITED | PUSVPKK1 |

ROEX | ROYAL EXCHANGE LTD | ROEXPKK1 |

RUPB | RUPALI BANK LIMITED | RUPBPKK1 |

SAGR | B. SALEEM GAZIPURA | SAGRPKK1 |

SAMB | SAMBA BANK LIMITED | SAMBPKKA |

SAUD | Silkbank Limited | SAUDPKKA |

SBPP | STATE BANK OF PAKISTAN | SBPPPKKA |

SCBL | STANDARD CHARTERED BANK (PAKISTAN) LIMITED | SCBLPKKA |

SGHD | SULTAN GHULAM HUSEIN DATTOO | SGHDPKK1 |

SILK | SILK FINANCE | SILKPKK1 |

SIND | SINDH BANK LIMITED | SINDPKKA |

SMES | SME BANK LTD | SMESPKK1 |

SOGE | SOCIETE GENERALE, THE FRENCH AND INTERNATIONAL BANK | SOGEPKK1 |

SONE | SONERI BANK LIMITED | SONEPKKA |

SUMB | SUMMIT BANK LTD | SUMBPKKA |

TASR | TAURUS SECURITIES LIMITED | TASRPKK1 |

TIBL | TRUST INVESTMENT BANK LIMITED | TIBLPKKA |

TOSV | TOPLINE SECURITIES PVT LTD. | TOSVPKK1 |

TRBA | TRUST BANK LIMITED | TRBAPKK1 |

UNIL | UNITED BANK LIMITED | UNILPKKA |

WICA | ELIXIR SECURITIES PAKISTAN (PVT) LTD | WICAPKK1 |

WSEP | WALL STREET EXCHANGE CO. (PVT.) LTD | WSEPPKK1 |

XKAR | KARACHI STOCK EXCHANGE (GUARANTEE) LIMITED | XKARPKK1 |

## List of IBFT Member Banks & their Account Patterns |
|||

S.No. |
Name of Bank |
Account Number’s Format |
Length of Account Number |

1 | Allied Bank Limited | BBBBAAAAAAAAA where: BBBB is the Branch Code (04 digits) AAAAAAAAA is the Account Number (09 digits) |
13 Digits |

BBBBAAAAAAAAAAAAAAAA where: BBBB is the Branch Code (04 digits) AAAAAAAAAAAAAAAA is the Account Number (16 digits) |
20 Digits | ||

2 | Askari Bank | BBBBCCTTTAAAA where BBBB is the Branch Code (04 digits) CC is the Currency Code (02 digit always 01) TTT is the Account Type (03 digits) AAAA is the Account Number (04 digits) |
13 Digits |

3 | Bank Al Falah | BBBBAAAAAA where BBBB is the Branch Code (04 digits) AAAAAA is the Account Number (06 digits) |
10 Digits |

BBBBAAAAAAAAAA4 where BBBB is the Branch Code (04 digits) AAAAAAAAAA is Account Number (10 digits) |
14 Digits | ||

BBBBAAAAAAAAAA4 where BBBB is the Branch Code (04 digits) AAAAAAAAAAAAAA is the Account Number (14 digits) |
18 Digits (for Islamic Branches) | ||

4 | Bank Al Habib | BBBBTTTTBBBBBBRRC where BBBB is the Branch Code (04 digits) TTTT is the Account Number(04 digits) BBBBBB is the Base Number (06 digits) RR is the Running No. (02 digits) C is the Check Digit (01 digit) |
17 Digits |

5 | Bank Islami | 15-digit Account Number without Hyphen | 15 Digits |

6 | Bank of Punjab | BBBBTTTAAAAAAAAAA where BBBB is the Branch Code (04 digits) TTT is the Account Type (03 digits) AAAAAAAAAA is the Account Number (10 digits) |
17 Digits |

7 | Burj Bank | BBBBTTCCCAAAAAAP where BBBB is the Branch Code (04 digits) TT is the Account Type (02 digits) CCC is the Currency Type (03 digits) AAAAAA is the Account Number (06 digits) P is the Prefix (01 digit) |
16 Digits |

8 | Faysal Bank | BBBBSSSAAAAAAA where BBBB is the Branch Code (04 digits) SSS is the Account Suffix (03 digits) AAAAAAA is the Account Number (07 digits) Ex-RBS: AAAAAAAAA (09 digits) |
14 Digits |

9 | Habib Bank Limited | BBBBAAAAAAAATT where BBBB is the Branch Code (04 digits) AAAAAAAA is the Account Number (08 digits) TT is the Account Type (02 digits i.e. 03 = CD, 06 = SB) |
14 Digits |

10 | JS Bank | 6-digit JS Bank Account Number | 6 Digits |

11 | KASB Bank | BBBBAAAAAASSS where BBBB is the Branch Code (04 digits) AAAAAA is the Account Number (06 digits) SSS is the Suffix (03 digits) |
13 Digits |

12 | NIB Bank | BBBBAAAAAAASSSS where BBBB is the Branch Code (04 digits) AAAAAAA is the Account Number (07 digits) SSSS is Suffix (04 digits) |
15 Digits (old A/C Format) |

00000000XXXXXXX Add 7 or 8 Zeros before 8- or 7-digit account numbers to make them 15-digit. |
15 Digits (New A/C Format) | ||

13 | Standard Chartered bank | 11-digit SCB Bank Account Number | 11 digits |

14 | SILK Bank | BBBBAAAAAAAAAA where BBBB is the Branch Code (04 digits) AAAAAAAAAA is the Account Number (10 digits) |
14 Digits |

15 | Soneri Bank | BBBBAAAAAAAAAAA where BBBB is the Branch Code (04 digits) AAAAAAAAAAA is the Account Number (11 digits) |
15 Digits |

16 | Summit Bank | 20 digits in the following manner: 01020120311714020909 | 20 Digits |

17 | Tameer MicroFinance Bank | AAABBBCCCCCCDDD where AAA is the Account Type (03 digits) BBB is the Branch Code (03 digits) CCCCCC is the Customer Identification Number (06 digits) DDD is the Serial Number (03 digits) |
15 Digits |

18 | United Bank Limited | BBBBAAAAAAAA For Uni Bank BBBB is the Branch Code (04 digits) AAAAAAAA is the Account Number (08 digits) AAAAAAAAA for SYMBOL Branches |
12 digits for UniBank & 9 Digits for SYMBOL |

19 | Citi Bank | 10-digit Bank Account Number | 10 Digits |

20 | Dubai Islamic Bank | 10-digit Bank Account Number | 10 Digits |

21 | Meezan Bank | BBBB-AAAAAAAAAA where BBBB is the Branch Code AAAAAAAAAA is the Account Number |
14 Digits |

22 | APNA Microfinance Bank | AAAAAAAAAAAA | 12 Digits |

23 | SAMBA Bank | AAAAAAAAAA | 10 Digits |

24 | Sindh Bank | BBBB-RRRRRR-AAAA where BBBB is the Branch Code AAAA is the Account Number |
14 Digits |

25 | Al-Barka Bank | AAAAAAAAAAAAA | 13 Digits |

26 | Habib Metropolitan Bank | CZZBBSSSSSCCCAAAAAA where C is the Country ZZ is the Zone BB is the Branch Code SSSSS is the Subhead CCC is the Currency Type AAAAAA is the Account Number |
19 Digits |