The Bank Alfalah Islamic Senior Citizens Savings Account is designed for individuals aged 55 and above, ensuring financial independence and security during retirement. With attractive profit rates, daily profit calculation, and monthly payouts, it provides both flexibility and stability. Customers also enjoy free banking essentials, exclusive privileges, and complimentary takaful coverage for added protection.
What you get
Available to Pakistani nationals with CNIC/NICOP/SNIC aged 55 and above. Joint accounts allowed if the primary applicant is 55 or older.
Open an account with just PKR 100/-.
Profit calculated on daily balance and disbursed monthly under Mudarabah.
No maximum or minimum balance limits with unlimited deposits and withdrawals.
Enjoy free unlimited cheque books, free Banker’s Cheques, free monthly e-statements, and a complimentary six-monthly hardcopy statement.
Get a free Classic, Gold, or PayPak Debit/ATM Card with no issuance or annual charges.
Stay updated with free SMS alerts and enjoy free online transactions nationwide.
Receive a Senior Citizens Privilege Certificate for priority services at branches, including faster bill payments and cash withdrawals.
Maintain a PKR 10,000 average monthly balance to get free accidental death and permanent disability takaful coverage of up to PKR 2 million.
| Features | Bank Alfalah Islamic Senior Citizen Savings Account |
|
|---|---|---|
|
Currency
|
PKR
|
— |
|
Initial Deposit to Open
|
-
|
PKR 100/- |
|
Minimum Balance to Keep
|
-
|
— |
|
Account Maintenance Fee
|
-
|
— |
|
Indicative Profit
|
0.0875
|
— |
|
Profit Payment Frequency
|
Monthly
|
— |
|
Debit Card
|
Yes - Charged
(Only Classic & Paypak card is Free)
|
— |
|
Cheque Book
|
Free
|
— |
|
SMS Alerts
|
Free
|
— |
|
E-Statement
|
Have this
feature
|
— |
|
Bankers Cheque
|
PKR 450/-
|
— |
|
Clearing
|
Intercity - 350 Per Cheque, Same Day - PKR 600/- Per
instrument
|
— |
|
Account Limits
|
Maximum credit balance limit of PKR 1,000,000/- Monthly debit
limit of PKR 1,000,000/-
|
— |
|
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.
|
— |
| Open An Account | — |