Alfalah Falah Foreign Currency Savings Account
(Rs)
(Rs)
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Features
- An Islamic account can be opened in US Dollar, Pound Sterling or Euro currency
- Profit payment frequency is on a Six-month basis
- Minimum deposit of 100 USD, GBP or EUR is required
- Interest rate varies from 0.02% to 1.50% based on type of currency
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Benefits
- Profit will be calculated on monthly average balance
- No hassles to maintain a minimum monthly balance
- No restriction on withdrawals and deposits every month
- Enjoy Free cheque books
- Free semi-annually statement, monthly e-statement and SMS alerts
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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
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
Day to day savings
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Target Age Group
18 - 70 years
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Interest Rate / Profit Rate
1.5%
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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
VISA / PayPak
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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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