Bank Alfalah

Overview

A fully digital term deposit designed for individuals seeking a quick, hassle-free way to secure their savings and earn competitive returns—without visiting a branch.

What you get

Book instantly via Alfa app in as little as 10 seconds.
Minimum deposit of PKR 500; maximum up to PKR 500 million.
Flexible tenures: 7 days, 1 month, 3 months, 6 months, or 1 year.
Monthly or maturity profit payouts as per prevailing rate sheet.
Customizable and changeable maturity instructions.
Real-time early encashment option with applicable revised rates.

Enjoy complete convenience with instant digital booking, flexible profit payouts, and the safety of managing your term deposit anytime, anywhere. Terms and conditions apply.

Features

Alfa App & Web

Book a Term Deposit anytime, anywhere through Alfa App in just 10 seconds with amounts starting from Rs.500.

SMS Alerts & E-Statements

Instant in-app notifications and a downloadable Digital Term Deposit Receipt with share options (WhatsApp, Email, Bluetooth).

Minimum Initial Requirement

Open digitally with amounts from PKR 500 to PKR 500 million, choose from multiple tenure options (7 days to 1 year), and set or change maturity instructions anytime.

Flexible Profit Payment Options

Select monthly or maturity-based profit payouts, with real-time early encashment and instant credit of principal plus due profit (penalty applies).

Access to Documents

Online access to prevailing rate sheets, submit zakat exemption forms (CZ-50), and get your Withholding Tax Certificate.

Salient Features

Minimum Booking Amount: Start with as low as PKR 500; maximum booking limit PKR 500 million.
Flexible Tenure Options: Choose from 7 days, 1 month, 3 months, 6 months, or 12 months.
Profit Payment Frequency: Opt for monthly payouts or receive profit at maturity.
Instant Digital Booking: Book in just 10 seconds via Alfa app without visiting a branch.
Customizable Maturity Instructions: Select and change maturity instructions anytime (Encash, Rollover Principal, or Rollover Principal + Profit).
Early Encashment Facility: Withdraw funds anytime with real-time credit (penalty applies as per Schedule of Charges).
Multiple Bookings: Enjoy complete flexibility with multiple term deposit bookings.
Digital Receipts & Certificates: Get instant digital booking receipts, WHT certificates, and submit zakat exemption forms online.
Secure Transactions: Funds booked through your Bank Alfalah account with complete protection and safety.
Islamic & Conventional Variants: Available for both Islamic and conventional account holders.