Alfalah Islamic Asaan Digital Remittance Savings AccountAlfalah Islamic Asaan Digital Remittance Savings Account

Alfalah Islamic Asaan Digital Remittance Savings Account

Open a bank account without much hassle! With minimal documentation and no initial deposit, open your Alfalah Islamic Asaan Digital Remittance Savings Account today. Designed especially for beneficiaries of Home Remittance the product offers convenient everyday banking for customers.

Eligibility Criteria All Resident Pakistanis.
Initial Deposit NIL
Product Features
  • Maximum credit balance limit of PKR 3,000,000/-
  • Cash withdrawal limit of PKR 500,000/- per day
  • Fund transfer limit of PKR 500,000/- per day from ADRA to any other account
  • Profit calculation on monthly average balance
  • Monthly profit disbursement
  • Profit bearing single-tier account


  • This account may also be fed through local credit to the extent of PKR 1,000,000/- per month.
  • No commercial remittances shall be deposited in the account
  • Digital on-boarding through RAPID
  • Free first chequebook
  • Free online banking nationwide
  • Free e-statements
  • SMS alert on every transaction
  • VISA Debit/ATM Card accepted at over 30 million outlets and more than 2 million ATMs worldwide
  • 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


  • 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