Alfalah Islamic Business Way and Payroll (Remunerative Current Account)
Looking for a business account that lets you decide how it operates. Open the Alfalah Islamic Business Way account. You can opt for either a deposit account or a payroll account. As a payroll account, there is no need of initial deposit and balance requirement and your employees will benefit from the free services.
- For deposit account all Pakistani nationals with CNIC/NICOP/SNIC.
- Payroll Account can be opened by companies for their employees
||For a deposit account – PKR 1,000/-
For a payroll account – NIL
- No minimum or maximum balance requirement
- Option to choose for a deposit account or a payroll account
- Free issuance of Cheque Books
- Free issuance of banker’s cheque
- Free issuance of duplicate banker’s cheque*
- Free cancellation of PO/DD/Banker’s cheque*
- Free ATM/Debit Card (Only Classic, Gold or PayPak with no issuance or annual charges)
- Free ATM Cash withdrawal from any Bank’s ATM (payroll accounts only)
- Free Account statements (Semiannually)
- Free E-statements
- Free online transactions nationwide
- Free SMS alerts
||On maintaining, an average monthly balance of PKR 10,000/- in your checking account, get free accidental death and permanent disability takaful coverage of up to PKR 2 Million.
On maintaining a minimum monthly average balance of PKR 1m or equivalent FCY deposit in current/savings/term deposit accounts, avail numerous free services as per our preferred banking services.
||This product is based on the concept of Mudarabah
- Profit calculation & distribution will as per prevailing pool management guidelines
- All the free services are subject to the terms and conditions as per prevailing Schedule of Charges.
- Withholding Tax and Zakat is applicable as per existing policy of Government
Or you can apply for Alfalah Islamic Business Way and Payroll (Remunerative Current Account) at the branch