Alfalah Islamic Premium Term Deposit

An account best suitable to earn a high rate of return with a flexible profit payment option


Minimum Balance Required (Rs)
5,000,000
Minimum Amount Required (Rs)
5,000,000
Daily Withdrawal Limit
(Rs)
Annual Fee
(Rs)
0
Allowed Monthly Transactions
-

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  • Features

    - Profit payment frequency is on monthly & maturity basis 

    - The funds can be fixed for 1 month to 1 year

    - Interest rate varies from 5.26% to 5.73% based on the deposited amount and the term length

    - An Islamic Fixed Deposit account

  • Benefits

    - Also offering funds rollover option

    - No maximum funds deposit limit in this account

    - Competitive rewarding rates on long-term deposits

    - Options of withdrawal funds prior to maturity

    Stop payment and hold mail facility on customer request

  • Eligibility

    Salaried Person: 
    - Age Limit: 21 - 70 years 
    - Documents required: CNIC, Proof of employment

    Self-Employed / Businessmen:
    - Age Limit: 21 - 70 years 
    - Documents required: CNIC, Proof of Busines

  • FAQ

    Anyone who is a Pakistani resident individual, private and public limited companies, can use a term/fixed deposits account.
    You can use a fixed deposit account from 1 month up to 10 years of length. The profit rate will also be better if you deposit it for longer time periods.
    Yes, you can ask the bank to pay the profit on a monthly basis however the rate of interest or profit rate will only be charged or calculated on annual basis.
    Yes, you can withdraw your funds from your fixed term bank account however some banks may charge a penalty or a fee for early withdrawals than a fixed maturity date.

Other Details

  • Best Suitabe For

    Short to long term savings

  • Target Age Group

    21 - 70 years 

  • Interest Rate / Profit Rate

    5.73%

  • Interest Calculation Frequency

    -

  • Profit Payment Frequency

    Monthly

  • Currency of Account

    PKR

  • Free ATM / Debit Card?

  • ATM Card Network

    VISA / PayPak

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?