Alfa Savings Account is a digital savings account whereby customers can place their deposits and earn a daily profit, which is disbursed on a monthly basis. It provides easy access to your funds to save & transact them any way you like.
FAQ’s – Alfa Savings
Profit is calculated on daily basis
Profit is disbursed first of every month
No, you can open your Alfa Savings Account on your smartphone from the comfort of your home via an easy 4 step account opening process
Enjoy the convenience of opening your savings account directly from your phone via an easy 4 step account opening process:
For New to Bank Customers:
- Step 1: Enter your CNIC, CNIC issuance date and Mobile Number
- Step 2: Create your 4-digit login pin.
- Step 3: Enter your Mother’s Maiden name, Father’s Name, Place of Birth, City of Stay
- Step 4: Take a picture of the front and back of your CNIC
Your Account is now ready!
For Existing to Bank Customers:
- Step 1: Enter your CNIC, CNIC issuance date and Mobile Number
- Step 2: Enter OTP sent to your Email address and Mobile number
- Step 3: Enter your Mother’s Maiden name, Father’s Name, Place of Birth, City of Stay
- Step 4: Take a picture of the front and back of your CNIC
Your Account is now ready!
There is no minimum balance requirement for opening an Alfa Savings Account
You can deposit funds via IBFT (Interbank Funds Transfer), Cash Deposit Machines (CDM), Bank Alfalah branches, Funds Transfer, Jazz Cash Agents and EasyPaisa Agents
You can use your funds by performing IBFT (Interbank Funds Transsfer), Utility Bill Payment, Mobile Top up transactions, order food, buy Netflix and Playstore vouchers and much more.
The following are the limits assigned for deposit and withdrawal transactions:
| Mobile Account level | Transaction limits (Debit & Credit each) | |||
| Daily | Monthly | Yearly | Max Balance | |
| Level 0 | PKR 25,000 | PKR 50,000 | PKR 200,000 | PKR 200,000 |
| Level 1 | PKR 50,000 | PKR 200,000 | PKR 2,400,000 | |
In order to enjoy higher limits, you can upgrade by visiting any Bank Alfalah Branch for Biometric verification.
The yearly profit rate is up to 19.70% (per annum)
For further understanding, you can use the below table for reference
| Balance Band | Rate |
| Rs 0-9,999 | 20.50% |
| Rs 10,000-49,999 | 20.50% |
| Rs 50,000-99,999 | 20.50% |
| Rs 100,000-249,999 | 20.55% |
| Rs 250,000+ | 20.55% |
Yes, you can still open Alfa Savings account with an easy 4 step account opening process.
Yes. You’ll receive profit for those 15 days at the end of the month