Alfalah Falah Senior Citizens Term Deposit Account
(Rs)
(Rs)
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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 17.51% to 18.41% based on the deposited amount and the term length
- An Islamic Fixed Deposit account
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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
-
Eligibility
Senior Citizens:
- Age Limit: 55 and above
- Documents required: CNIC, Proof of Incom -
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
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Best Suitabe For
Short & long term savings
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Target Age Group
55 and above
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Interest Rate / Profit Rate
18.41%
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Interest Calculation Frequency
Daily
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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
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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