Overview
The Bank Alfalah Islamic Basic Banking Account is best suited for small depositors who want a safe and convenient current account. Open with only PKR 1,000, enjoy essential banking benefits, and manage your funds with peace of mind.
What you get
- Open with PKR 1,000 only.
- No minimum or maximum balance requirement.
- 2 free withdrawals per month via cheque*.
- Free cheque book, SMS alerts, online banking & e-statements.
- Complimentary semi-annual account statement.
- Free takaful coverage up to PKR 2 million (with PKR 10,000 average balance).
Features & Benefits
Account Basics
Start with just PKR 1,000 and enjoy no balance restrictions.
Banking Convenience
Stay updated with free cheque book, e-statements, and SMS alerts.
Banking Convenience
Get worldwide access with a VISA Debit/ATM Card.
Additional Value
Enjoy free takaful coverage and exclusive banking privileges.
How To Open
01
Initiate Application
Provide your details and select desired banking options
available.
02
Provide Documents
Upload copies of your identity and other required documents.
03
Review Process
Allow the bank to verify and process your application.
Account Activation
Receive confirmation of account activation and start banking!
Required Documents
- Valid CNIC / NICOP / SNIC.
Important Documents
Compare Account
| Features | Islamic Basic Banking Current Account |
|
|---|---|---|
|
Currency
|
PKR
|
PKR |
|
Initial Deposit to Open
|
PKR 100/-
|
PKR 100/- |
|
Minimum Balance to Keep
|
-
|
- |
|
Account Maintenance Fee
|
-
|
- |
|
Indicative Profit
|
-
|
- |
|
Profit Payment Frequency
|
-
|
- |
|
Debit Card
|
Yes-Charged
|
Yes-Charged |
|
Cheque Book
|
First Cheque book free, subsequent
cheque books PKR 22.5/- Per leaf
|
First Cheque book free, subsequent cheque books PKR 22.5/- Per leaf |
|
SMS Alerts
|
PKR 250/- Per Month
|
PKR 250/- Per Month |
|
E-Statement
|
Yes
|
Yes |
|
Bankers Cheque
|
PKR 450/-
|
PKR 450/- |
|
Clearing
|
Intercity - 350
Per Cheque, Same Day - PKR 600/- Per instrument
|
Intercity - 350 Per Cheque, Same Day - PKR 600/- Per instrument |
|
Account Limits
|
No
Limits
|
No Limits |
|
IBFT
|
Free up to minimum aggregate
sending limit of PKR 25,000/- per month per account, After
exhaustion of monthly limit or for amount exceeding
aggregate of monthly PKR 25,000/-; 0.1 % of the transaction
amount or PKR 200/- (whichever is lower) will be
charged.
|
Free up to minimum aggregate sending limit of PKR 25,000/- per month per account, After exhaustion of monthly limit or for amount exceeding aggregate of monthly PKR 25,000/-; 0.1 % of the transaction amount or PKR 200/- (whichever is lower) will be charged. |