Alfalah Falah 3 Year Term Deposit Certificate

An account that offers you monthly Halal profit on you deposit amount


Minimum Balance Required (Rs)
100,000
Minimum Amount Required (Rs)
100,000
Daily Withdrawal Limit
(Rs)
Annual Fee
(Rs)
0
Allowed Monthly Transactions
-

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  • Features

    - Profit payment frequency is on monthly basis

    - The funds can only be fixed for 3 years tenor

    - Interest rate varies upto 4.14% based on the deposited amount

    - An Islamic Fixed Deposit account

  • Benefits

    - Option of withdrawal funds prior to maturity

    - Minimum Rs. 100,000 balance required to get profit

    - Minimum 25 million is deposit limit of this account

    - Also offering funds rollover option

  • 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 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

    Medium term savings

  • Target Age Group

    21 - 70 years 

  • Interest Rate / Profit Rate

    4.14%

  • 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?