Alfalah Musharaka Saving Account
(Rs)
(Rs)
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Features
- Profit payment frequency is on monthly basis
- No restriction on withdrawals and deposits every month
- Interest rate varies from 11% to 11.4% based on the deposited amount
- An Islamic saving account
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Benefits
- Profit payment frequency is on monthly basis
- Free semi-annually statement, monthly e-statement and SMS alerts
- Enjoy Free cheque books
- No hassles to maintain a minimum monthly balance
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Eligibility
Salaried Person:
- Age Limit: 18 - 70 years
- Documents required: CNIC, Proof of employmentSelf-employed/Businessmen:
- Age Limit: 18 - 70 years
- Documents required: CNIC, Proof of business -
FAQ
A savings account offers the easiest way to keep some of your money aside and earning interest or profit on that amount on regular basis.Yes, a savings account just like any other bank account allows you to conduct banking transactions. You also get access to ATM card, cheque book and online banking facility along with a savings account.Yes, normally the profit earned through a savings account is taxed at the source and deducted by the Bank before paying the remaining amount to you.No, there is no limit and you can withdraw your funds from your account any time. The profit is always paid on the amount that was present in your account during a certain period.
Other Details
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Best Suitabe For
Day to savings and banking needs
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Target Age Group
18 - 70 years
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Interest Rate / Profit Rate
11.4%
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Interest Calculation Frequency
Monthly
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Profit Payment Frequency
Monthly
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Currency of Account
PKR
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Free ATM / Debit Card?
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ATM Card Network
VISA
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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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