Habib Metropolitan Bank Limited

Habib Metropolitan Bank Limited (HABIBMETRO) offers a range of banking products in Pakistan. The bank provides services across conventional and Islamic banking. These operations cover personal, business, and specialized financial needs.

Personal and Digital Banking Services

HABIBMETRO provides various current and savings accounts. The Silver Current Account offers 25 free services on a 50,000 average balance. It includes insurance up to 1,000,000 on a six-month average balance of 50,000. The Super Current Account allows unlimited free transactions with a 100,000 average balance. It supports NIFT processing and API-integrated stop-payment. The Asaan Current Account opens with 100 and has no minimum balance. Instant e-statements are available via the digital banking portal. Mera Mustaqbil Current Account waives cheque book charges for balances over 50,000. It offers real-time SMS alerts via an integrated gateway.

Savings options include the PLS Saving Account, with profit calculated semi-annually on average monthly balance. The Saving Plus Account provides monthly profit payouts. Higher rates apply for average balances above 250,000. Profit calculation uses an SBP-approved algorithm. The Asaan Saving Account opens with 100 and pays half-yearly profit via a Mudaraba engine. It features insurance up to 500,000 on a six-month average balance of 15,000. Junior Savers Account offers quarterly profit and custodian insurance up to 1,000,000. This requires an average balance over 15,000. Privilege 55+ Account gives monthly profit and free life insurance up to 2,000,000. This is for an average balance above 50,000. Age-based interest rates follow SBP-compliant formulas. FCY Saving Plus Account allows foreign currency savings in USD, GBP, or EUR. It provides bonus profit after 12 months based on the average balance. Premium Deposits have tenors of 1-5 years with various payout choices. Premature encashment incurs a 2% penalty on principal or profit.

Digital banking services include HABIBMETRO Visa Debit Cards with seven variants. These cards have configurable global POS/ATM limits. Free ATM insurance covers 1.5 km or 60 minutes per transaction. The HABIBMETRO Business Debit Card is a Visa Signature Business card. It has adjustable daily limits via an online portal. Built-in Visa fraud protection integrates with an insurance API. HABIBMETRO Insta Account offers 24/7 digital opening via the DAO portal. It uses e-KYC integration. Virtual debit cards issue instantly through API linking to the mobile app. Corporate Internet Banking (CIB) enables bulk payments and cheque issuance. It uses secure web services with role-based access and 2FA.

Remittance services include HABIBMETRO Home Remittance for instant account credit via PRI. Ria Money Transfer offers cash pickup with an 11-digit code. MoneyGram International uses an 8-digit reference code. The Sohni Dharti Remittance Program awards redeemable points via mobile app tiers.

Business, Corporate, and Islamic Banking

Corporate and Trade Finance includes Term Loans and Letters of Credit. It also provides Guarantees and Bill Discounting. Working Capital Facilities use SBP-linked modules. Corporate Collections offer customized deposit slips with company logos. Real-time reporting is available via API, Web Services, or SFTP. The Investment Banking Group provides Structured Finance. This includes M&A advisory and capital market products. It operates with dedicated DCM/ECM desks. Deal structuring uses SBP-licensed valuation and compliance engines. Transaction Banking offers Host-to-Host Integration and SIDA. These enable automated debit instructions. e-Collection services support school fees and bill payments via API. SME & Commercial Finance provides SME Working Capital through SBP Refinance Schemes. Agricultural Finance products integrate Markup Subsidy via SBP portals.

HABIBMETRO also offers Islamic Banking products under SIRAT. The SIRAT Savings Account is Mudaraba-based with pre-agreed PSR for profit-sharing. Investments are in Shariah-compliant modes like Murabaha and Ijarah. These are managed via an Islamic treasury system. The SIRAT Current Account is a non-remunerative qard-based account. It supports unlimited transactions. This account offers multi-currency support in PKR, USD, EUR, and GBP. All funds utilization is Shariah-compliant.

Investments and Specialized Services

Investments & Treasury services include the Global Trade Finance Facility (GTFP). This facility is IFC-guaranteed and uses SWIFT for documentary credits. The Trade Finance Facilitation Program (TFFP) offers ADB-backed guarantees. It supports SME trade finance with portal-based reporting.

Specialized services encompass Bancassurance and Bancatakaful. These provide life and general insurance products on both platforms. Car Financing includes auto loans integrated with SBP Low-Cost Housing Schemes. Home Finance supports home purchase financing via SBP-endorsed schemes. Roshan Digital Account is for Non-Resident Pakistanis. It facilitates foreign remittances with SBP repo-linked profit rates. Women Financial Services offer dedicated products and limits. Priority Banking provides exclusive lounge access and SLA-based turnaround times. Rent-Free Lockers are available with multi-factor biometric access control.