Falah Classic Savings Account (Regular Savings Account) – Bank Alfalah

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Falah Classic Savings Account (Regular Savings Account)

Falah Classic Savings Account (Regular Savings Account)

Falah Classic Savings Account (Regular Savings Account)

If you are looking for Riba free returns on your investments based on Islamic principles then Falah Classic Savings Account is best suited for you.

Eligibility Criteria	All Pakistani Nationals with CNIC/NICOP/SNIC.
Initial Deposit	PKR 100/-
Product Features	Single tier account No minimum and maximum balance limit Profit is calculated on average monthly balance Profit disbursement semi-annually No restriction on number of deposit or withdrawal transactions
Benefits	VISA Debit/ATM Card accepted at over 30 million outlets and more than 2 million ATMs worldwide Free first cheque book Free online banking nationwide Free e-statements SMS alert on every transaction Complimentary account statement semi-annually
Additional Benefits	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.
Underlying Principle	This product is based on the concept of Mudarabah

Note:

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