List of Partner Banks for Bank Account to Get PM Electric Bike and Rickshaw Through pave gov pk

The Government of Pakistan has started a new scheme called the Pakistan Accelerated Vehicle Electrification Program (PAVE). This scheme is also known as the PM Electric Bike and Rickshaw Scheme 2025. Under this scheme, citizens of Pakistan can buy electric bikes and electric rickshaws on easy installments with the help of government subsidy.

To apply for this scheme, having a bank account in one of the partner banks is very important. The loan, subsidy, and monthly installment payments will only be handled through these banks. In this article, we will provide a complete list of partner banks for bank account to get PM electric bike and rickshaw, and also explain why the bank account is required, how to open one, and other useful details. Check Also PAVE Program 2025 Apply For E-Bike & Rickshaw Step By Step Guide

Why Bank Account is Important for This Scheme?

The PM Electric Bike and Rickshaw Scheme is fully digital. The application, subsidy, loan, and repayment are all managed online through the official portal. For this reason, every applicant must have a bank account in one of the partner banks.

Here are the main reasons why the bank account is important:

1. Loan Disbursement
   The government subsidy and loan amount will be transferred directly to your bank account. Without a bank account, you cannot receive the loan.
2. Monthly Installment Payment
   The cost of the electric bike or rickshaw will be divided into small monthly installments. These installments will be paid through your bank account.
3. Verification of Applicant
   Partner banks will verify your CNIC, income, and other details to make sure that only eligible people can benefit from the scheme.
4. Digital and Transparent System
   All transactions will be digital and traceable. This will ensure a fair and transparent process.

List of Partner Banks for Bank Account to Get PM Electric Bike and Rickshaw PAVE Scheme 2025

The government has included many major banks in this scheme. Below is the complete list of partner banks for bank account to get PM electric bike and rickshaw:

• National Bank of Pakistan (NBP)
• Bank of Punjab (BOP)
• Sindh Bank
• Bank of Khyber (BOK)
• Allied Bank Limited (ABL)
• Askari Bank Limited
• Bank Alfalah Limited
• Habib Bank Limited (HBL)
• JS Bank Limited
• MCB Bank Limited (MCB)
• Soneri Bank Limited
• United Bank Limited (UBL)
• Meezan Bank Limited
• Bank Islami Pakistan Limited
• Al Baraka Bank (Pakistan) Limited
• Faysal Bank
• Samba Bank Limited

This wide list of partner banks makes it easier for people across Pakistan to apply. Almost every applicant can find a partner bank branch near their city or village. Check Also PAVE Program 2025 Monthly Repayment Schedule Details

Role of Partner Banks in This Scheme

The partner banks are not only handling the accounts but also playing an important role in the scheme. Here is what they do:

1. Account Opening – They allow applicants to open new accounts quickly to join the scheme.
2. Loan Process – They process and approve the loan application.
3. Installment Collection – They collect monthly payments from applicants.
4. Subsidy Transfer – They transfer the government subsidy directly to the applicant’s account.
5. Monitoring – They help the government keep track of who is paying installments regularly.

How to Open a Bank Account in Partner Banks?

If you do not have an account in any of the partner banks, you will need to open one. The process is very simple.

Documents Required:

• Original CNIC
• Copy of CNIC
• Proof of income (salary slip or business proof)
• Recent passport-size photograph
• Utility bill for address verification

Steps to Open Account:

1. Visit the nearest branch of any partner bank.
2. Ask for a new account opening form.
3. Fill the form with correct details.
4. Attach the required documents.
5. Submit the form to the bank officer.
6. The bank will verify your details.
7. After verification, your account will be opened.

Once the account is opened, you can use it to apply for the PM Electric Bike and Rickshaw Scheme. Check Also PAVE Scheme 2025 Eligibility Criteria of Bike & Rickshaws

Who Can Apply for the Scheme?

• Pakistani citizens from all provinces, including Gilgit Baltistan and Azad Kashmir.
• Age limit is 18 to 65 years for electric bikes and 21 to 65 years for rickshaws.
• Both men and women can apply. In fact, 25% of e-bikes are reserved for women.
• Students, workers, and low-income people are highly encouraged to apply.

How to Apply for PM Electric Bike and Rickshaw Scheme?

1. Visit the official website pave.gov.pk.
2. Register yourself using CNIC, phone number, and email.
3. Fill the online application form.
4. Provide your bank account details from one of the partner banks.
5. Upload required documents like CNIC and photo.
6. Pay the application fee in the bank.
7. Submit the form online.
8. Wait for confirmation and computerized balloting result.

Benefits of Opening Account in Partner Banks

Having a bank account in a partner bank gives you many benefits:

• Easy access to government subsidy.
• Smooth process of monthly installment payment.
• Transparency in loan and subsidy transactions.
• Convenience of applying from anywhere in Pakistan.
• Trust that your money is safe in a recognized bank.

FAQs About Partner Banks and PM Electric Bike & Rickshaw Scheme

Q1: Is bank account compulsory for this scheme?
Yes, without a bank account in a partner bank you cannot apply.

Q2: Can I use my old account?
Yes, if your old account is in one of the partner banks, you can use it.

Q3: What if I don’t have any account?
You must open a new account in a partner bank before applying.

Q4: Which bank is best for this scheme?
All partner banks are valid. You can choose the bank that is nearest and easiest for you.

Q5: Will banks charge extra money?
Banks may charge normal account opening or service charges, but the subsidy and loan terms are controlled by the government.

The PM Electric Bike and Rickshaw Scheme 2025 is a big step towards eco-friendly transport in Pakistan. The government wants to make electric vehicles affordable and easy for common people. For this reason, it is very important to have an account in a partner bank.

The list of partner banks for bank account to get PM electric bike and rickshaw includes all major banks of Pakistan. Applicants can easily open an account and apply through the online portal. This scheme will not only save fuel costs but also help reduce pollution in the country.