Alfalah Falah Term Deposit Certificates

An Islamic term deposit certificate that helps you to grow your investment very quickly through Shariah ways


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 maturity basis

    - The funds can be fixed for a tenor ranging from 1 months to 5 years

    - Interest rate varies from 2.95% to 3.75% based on the deposited amount and the term length

    - An Islamic Fixed Deposit account

  • Benefits

    - Profit is calculated on average deposit balance

    - No maximum limit of the deposit amount

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

    - Competitive rewarding rates on long-term deposits

    - Higher the deposit, Higher the returns will be

  • Eligibility

    Salaried Person:
    - Age Limit: 18 - 70 years 
    - Documents required: CNIC, Proof of employment

    Self-employed/Businessmen:
    - Age Limit: 18 - 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

    Short to long term investment

  • Target Age Group

    18 - 70 years 

  • Interest Rate / Profit Rate

    3.75%

  • Interest Calculation Frequency

    -

  • Profit Payment Frequency

    -

  • Currency of Account

    PKR

  • Free ATM / Debit Card?

  • ATM Card Network

    VISA / PayPak

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?