Bank Al-Falah Limited: Alfalah Kifayat

Bank Al-Falah Limited

Phone: +880-2-7168821-05

Fax: +880-2-9557413

 

Name :Alfalah Kifayat

Category :Fixed Deposit

Description

Any Pakistani resident over the age of 18 can open this account. This account is for individual/joint customers only. Other customers like companies, corporate etc are not eligible for opening of this account.

Benefit

- All service charges are as per the prevailing ‘Schedule of Charges’
- Account statement will be generated on half yearly basis.
-There is no restriction on deposit transactions.

DPS Type : Deposit

Initial Deposit : Tk. 10,000/-

Posted by Editorial Team on 8:40 AM in Bank Al-Falah Limited, Fixed Deposit

Bank Al-Falah Limited: Alfalah Education

 

 

 

 

 

Bank Al-Falah Limited

Phone: +880-2-7168821-05

Fax: +880-2-9557413

 Name : Alfalah Education

Category :Fixed Deposit

Description

Alfalah Education is a Term Deposit product with No Additional Cost (NAC) education insurance cover for account holders with school going children.

Benefit

- Deposits can be placed in multiple of 100,000 units with maximum 3 units allowed per depositor, i.e. a maximum deposit per customer of Rs. 300,000 across all BAL branches.
- All 3 units can be purchased for 1 child or each for up to 3 children.
- No evidence of insurability (medical examination/health decoration) is required.
- Maximum entry point age is 55 years (renewable up to 64th birthday)
- Benefit payment increases with age/class of the child.

DPS Type : Deposit

Interest Rate : 7 %

Posted by Editorial Team on 8:34 AM in Bank Al-Falah Limited, Fixed Deposit

Bank Al-Falah Limited Fixed Deposit

Bank Al-Falah Limited

Phone: +880-2-7168821-05

Fax: +880-2-9557413

Bank Alfalah SME Alfalah Mahana Amdan

Category

Fixed Deposit

Description

Alfalah Mahana Amdan is a 3 year TDR with expected rate of profit of 10% p.a. This term deposit will provide an opportunity to individual/joint customers to enjoy higher returns that will automatically be credited to his/her current/PLS/RP/BBA account on 1st working day of each month.

This facility is not available for business and corporate customers.

Benefit

- Profit will be automatically credited on the 1st working day of each month into customers Current/PLS/RP/BBA account
- Free Personal Accident Insurance coverage up to the deposit amount or Rs. 1,500,000/- whichever is lower.
- Customer can avail financing facility up to 90% of the deposit(as per banks policy)
- Alfalah Mahana Amdan TDR will be issued for three years tenure with auto renewal facility of principal amount i.e. the facility will be renewed automatically on maturity (i.e. 3 years)

DPS Type

Deposit

Minimum Installment

Rs. 100,000/-

Interest Rate

10% Per annum

Posted by Editorial Team on 9:58 AM in Bank Al-Falah Limited, Fixed Deposit