Are you looking for an easy way to secure your money and earn a profit as well? Alfa Term Deposit is all you need!
With Alfa Term Deposit – Islamic, you can easily fix a savings amount for 1 month, 3 months, 6 months, or 12 months duration and earn profit on a monthly basis or at the time of completion of your chosen duration, as per the Bank’s prevailing rate sheet for PKR Term Deposit.
You can easily book a Term deposit digitally, anytime, anywhere – without having to go to a branch. Simply download & login to Alfa app, go to ‘Savings’ section, and tap on ‘Alfa Term Deposit’.
You can book Term deposits digitally through Alfa in just a few seconds with an amount as low as Rs.500 with complete flexibility of multiple bookings.
You can easily use your Bank Alfalah Account to book a Term Deposit digitally, with complete protection and safety of your funds.
Simply enter below details
Easily refer to the Term deposit rate sheet while booking by tapping on “View Term Deposit Rates”
Easily select a duration (1 month, 3 months, 6 months, or 12 months) for your Term deposit from the available options and choose how frequently you want to receive profit on the amounts saved. With Monthly profit payment, you will get profit every month for the duration of your Term deposit and with Maturity profit payment, you will get the accumulated profit amount at the time of completion of your Term deposit in light of the weightages announced at the beginning of each month.
During booking, you will have an option to set the maturity instructions for your Term Deposit. Below are the instructions you can choose from
*Rollover with principal along profit will only be allowed if profit payment is selected at Maturity.
You will also get an instant confirmation of Term Deposit Booking through a Digital Term Deposit receipt in a downloadable format and option to share via WhatsApp, Email, Bluetooth etc.
Zakat will be applicable on Digital Term deposits for eligible customers. However, you can also get an exemption from zakat deduction by digitally submitting the zakat exemption (CZ-50) form.
Conveniently change the maturity instructions at any time. Once the Term deposit is booked with a particular maturity instruction for example, “Encash at Maturity”, Alfa Term deposit gives you the flexibility of changing the instructions, post booking, to “Rollover” or vice versa which is implemented instantly.
Need your deposited amount back before the completion of the term deposit duration? Easily Encash your term deposit through app and your funds along with the due profit will be credited into your account immediately on a real-time basis.
Note: Early encashment will be done as per Bank Alfalah Islamic Premature Encashment Policy.
Access to digital Withholding Tax Certificate with visibility of profit earned and tax paid on Term Deposit.
Search & Filter option to conveniently track Active or Matured Term Deposits with Maintained history of digitally booked Term Deposits for easy reference.
Instant SMS intimations for booking, maturity, encashment, changing maturity instructions, profit payment, and reminders before rollover & maturity.