Bank Alfalah Mahana Amdan

An account that helps you to earn stable rate of returns to earn monthly profits


Minimum Balance Required (Rs)
50,000
Minimum Amount Required (Rs)
50,000
Daily Withdrawal Limit
(Rs)
100
Annual Fee
(Rs)
1,000
Allowed Monthly Transactions
-

View Phone Number
  • Features

    - Profit payment frequency is on monthly basis

    - The funds can be fixed of Rs. 50k for 1 year and Rs. 100k for 3 years

    - Interest rate varies from 9.55% to 9.70% based on the deposited amount and the term length

  • Benefits

    - Financing facility up to 90% of the deposited amount

    - Offering reinvestment option at maturity on prevailing profit rates

    - Higher the deposit, Higher the returns will be

    - Free E-statements and Internet banking

  • Eligibility

    Salaried Person: 
    - Age Limit: 21 - 60 years 
    - Documents required: CNIC,  Proof of employment, Copy of utility bill  

    Self-Employed / Businessmen:
    - Age Limit: 21 - 65 years 
    - Documents required: CNIC, Proof of Business 

  • 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

    Day to day savings

  • Target Age Group

    21 - 65 years 

  • Interest Rate / Profit Rate

    9.7%

  • 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?