The Punjab Government has officially updated the PAVE Phase 2 Bank Requirements 2025, outlining the complete list of documents, eligibility criteria, and verification rules for applicants hoping to secure a subsidized electric bike, electric rickshaw, or electric loader under the PAVE EV program. These banking requirements are the most important part of the entire application process because the final approval for the loan, subsidy plan, monthly installments, and EV delivery all depend on successful bank verification.

Whether you are a student, delivery rider, woman applicant, small business owner, or daily worker, understanding the PAVE Phase 2 Bank Requirements 2025 is essential before submitting your application on the PAVE portal.

This article provides a complete breakdown of the bank documents, income rules, verification stages, rejection reasons, bank-wise requirements, and a full step-by-step approval process.

⚡ Overview of PAVE Phase 2 Bank Requirements 2025

Bank verification is the most time-consuming stage — and the most important.

Check Also: PAVE Phase 2 Application Status Check 2025 – Track Your Approval Online Using CNIC

🏦 Partner Banks in PAVE Phase 2

The Punjab Government has selected four major banks to handle the EV loans:

Each bank has separate PAVE Phase 2 Bank Requirements 2025, but most documents are similar.

📋 Complete List of Documents Required for PAVE Phase 2 Bank Approval

Below is the official list of documents required for applicants under all banks:

✔ 1. CNIC (Computerized National Identity Card)

A valid, unexpired CNIC is mandatory.
Must match:

• Domicile
• Bank account name
• Mobile number
• Income documents

✔ 2. Recent Photograph (Passport Size)

Requirements:

• White background
• Clear face
• No filter
• Under 2MB file size

✔ 3. Punjab Domicile Certificate

Required for:

• Women
• Students
• General applicants
• Riders
• Rural applicants

CNIC address must match the domicile district.

✔ 4. Bank Account in Applicant’s Own Name

The bank account must be:

• Active
• Biometrics verified
• Same CNIC holder as applicant
• At least 3 months old (recommended)

Bank accounts NOT accepted:

• Joint accounts
• Company/Shop accounts
• Accounts in father’s name (except students by bank exception)

✔ 5. Income Proof / Salary Slip / Earning Certificate

Depending on applicant category:

For salaried persons:

• Salary slip (last 1–3 months)
• Employment letter (optional)

For business owners/shopkeepers:

• Income certificate
• Shop rent receipt
• Business registration (if available)

For delivery riders:

• Company earning history (FoodPanda, Bykea, Careem, Uber)
• Weekly/monthly invoice
• Rider ID screenshot

For students:

• Family income certificate
• Guardian’s CNIC
• Fee slip (optional)

✔ 6. Bank Statement (Last 3 Months)

Must show:

• Regular transactions
• Stable income
• No blocked or dormant account
• Account name matching applicant’s CNIC

Riders may show wallet earning statements (FoodPanda, Bykea, Uber).

✔ 7. Utility Bill (Electricity or Gas)

Used for address verification.
Bill name does NOT need to match applicant.

✔ 8. Contact Number Registered on Applicant CNIC

Mobile must be:

• On the same CNIC
• Active
• Able to receive OTP SMS

Incorrect mobile numbers cause delays.

Check Also: PAVE Phase 2 Registration Centers 2025 – District-Wise List and Contact Information Released

🧾 Category-Wise Bank Requirements for PAVE Phase 2

🔸 1. Requirements for Students

• Punjab domicile
• Active bank account
• Guardian income proof
• Student ID card
• University/college enrollment proof
• CNIC or B-Form + Guardian CNIC (if under 18)

Students receive extra subsidy + reduced installments.

🔸 2. Requirements for Women Applicants

• Punjab domicile
• Bank account in own name
• Income certificate or guardian income
• CNIC matching current address
• Photo + contact number
• Optional: Working proof (teacher, nurse, office worker)

Women receive a special quota under Phase 2.

🔸 3. Requirements for Delivery Riders

• Rider ID card (Foodpanda / Bykea / Careem / Uber)
• Weekly earning history
• Bank statement
• CNIC
• Mobile number
• Punjab-based work location certificate (if needed)

Riders get the fastest bank approvals.

🔸 4. Requirements for Rural Applicants (ZTBL)

• Agriculture income certificate
• Land record (optional but helpful)
• Domicile of rural district
• CNIC
• Bank statement
• Utility bill (village-level accepted)

ZTBL gives flexible repayment terms to farmers.

🔸 5. Requirements for Salaried Employees

• Salary slip
• Employer letter
• Bank statement
• Active account
• Punjab domicile
• CNIC
• Contact number

Income level must be below Rs. 100,000/month.

🏦 Bank Verification Stages Under PAVE Phase 2

The PAVE Phase 2 Bank Requirements 2025 include a multi-stage verification process:

✔ Stage 1: Basic CNIC Verification

Bank checks applicant identity.

✔ Stage 2: Bank Account Name Match

Account holder name must match CNIC.

✔ Stage 3: Income Verification

Bank confirms earning stability.

✔ Stage 4: Repayment Ability Check

Bank checks if applicant can afford installments:

Expected installment:

✔ Stage 5: Credit Profile Review

Though not strict, banks check:

• Past loans
• Outstanding debts
• Defaulter history

✔ Stage 6: Final Approval

If all documents are correct, bank approves the loan.

❌ Common Reasons for Bank Rejection Under PAVE Phase 2

Many applicants were rejected in Phase 1 because of missing documents.
Under PAVE Phase 2 Bank Requirements 2025, rejection may occur if:

❌ Account not in applicant’s name

❌ Income certificate missing

❌ Blurred documents

❌ Wrong mobile number

❌ Salary too low for installment

❌ Bank statement shows no activity

❌ Fake earnings from riders

❌ CNIC address mismatch

❌ Domicile not from Punjab

Applicants must double-check documents before submitting.

📝 How to Prepare Your Documents Properly

✔ Scan documents in HD

✔ Use clear white background

✔ Use mobile scanning apps

✔ Ensure bank statements are stamped (if possible)

✔ Upload PDF or JPG under 2MB

✔ Name files properly (CNIC.jpg, Domicile.pdf, etc.)

Proper preparation increases approval chance by 80%.

📍 Bank-Wise Contact Numbers for PAVE Applicants

Applicants should only trust official numbers.

Check Also: How to Apply for PAVE Phase 2 2025 – Eligibility, Documents, and Step-by-Step Application Guide

❓ FAQs – PAVE Phase 2 Bank Requirements 2025:

🏁 Conclusion – PAVE Phase 2 Bank Requirements 2025

The PAVE Phase 2 Bank Requirements 2025 form the backbone of the EV subsidy approval process, ensuring that only eligible, financially stable, and genuine applicants receive electric bikes, rickshaws, and loaders. By preparing the required documents in advance — CNIC, bank account, income proof, bank statement, domicile, and contact details — applicants can ensure faster bank approvals and quicker EV delivery when Phase 2 begins.

For official updates, applicants should always rely on the PAVE portal:
👉 https://pave.gov.pk With clear bank rules, transparent verification, and digital scanning, Phase 2 will be smoother, faster, and more applicant-friendly than Phase 1.