Alfalah Falah Senior Citizens Term Deposit Account

Best suitable investment for senior citizens to provide them Halal profit on their short and long term investment


Minimum Balance Required (Rs)
No Requirement
Minimum Amount Required (Rs)
1,000
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 a tenor ranging from 1 month to 1 year

    - Interest rate varies from 5.76% to 5.81% based on the deposited amount and the term length

    - An Islamic Fixed Deposit account

  • Benefits

    - Profit is calculated on average deposit balance

    - Competitive rewarding rates on long-term deposits

    - No requirement for the minimum and maximum amount of deposit

    - Free semi annually statement & monthly e-statements


Other Details

  • Best Suitabe For

    Short & long term savings

  • Target Age Group

    55 and above

  • Interest Rate / Profit Rate

    5.81%

  • Interest Calculation Frequency

    Daily

  • Profit Payment Frequency

    Monthly

  • Currency of Account

    PKR

  • Free ATM / Debit Card?

  • ATM Card Network

    PayPak

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?