Alfalah FCY Account - Savings
(Rs)
(Rs)
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Features
- This account can be opened in US Dollar, Pound Sterling, Euro or Japanese Yen
- Profit payment frequency is on Six-month basis
- Account can be open with just 100 (USD, GBP, EUR) or 10k Yen
- Interest rate varies from 0.01% to 0.250% based on the deposited amount, term and type of currency
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Benefits
- Profit is calculated on monthly average balance
- Enjoy unlimited number of deposit and withdrawal every month
- Higher the deposit, Higher the returns will be
- Free E-statements and Internet Banking
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Eligibility
Salaried Person:
- Age Limit: 21 - 60 years
- Documents required: CNIC, Proof of employment, Copy of utility billSelf-Employed / Businessmen:
- Age Limit: 21 - 65 years
- Documents required: CNIC, Proof of Business -
FAQ
Yes, you can earn a certain profit or interest on your foreign currency deposits as long as it is a foreign currency savings account rather than a current account.A foreign currency bank account can be opened in USD, GBP, and EUR. Certain banks also allow Japanese Yen.You can withdraw by cheque only.Yes, if a foreign currency account is of type savings, you will receive a profit on your balance on regular intervals such as 3 months, 6 months and 12 months.
Other Details
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Best Suitabe For
Foreign currency savings
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Target Age Group
21 - 65 years
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Interest Rate / Profit Rate
0.25%
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Interest Calculation Frequency
Monthly
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Profit Payment Frequency
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Currency of Account
USD, GBP, EUR
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Free ATM / Debit Card?
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ATM Card Network
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Free Cheque Book?
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Manage with App?
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Branch Banking
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Online Banking?
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