Secure Savings, Flexible Profits
Looking for a safe and easy way to grow your money? With Alfa Term Deposit – Islamic, you can fix your savings for 1, 3, 6, or 12 months and earn profit either monthly or at maturity — all according to Bank Alfalah’s prevailing Islamic rate sheet.
The best part? You can book your Term Deposit digitally in seconds, without ever visiting a branch. Just log in to your Alfa app, tap on Save & Invest, and select Alfa Term Deposit.
Why Choose Alfa Term Deposit?
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Book in just 10 seconds
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Start with as low as Rs. 500
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Multiple bookings allowed
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Safe & secure with Bank Alfalah Islamic
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100% digital process — no paperwork
How to Book
Simply enter:
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Account type & number
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Booking amount
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Tenure (1, 3, 6, 12 months)
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Profit payment frequency (Monthly / At Maturity)
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Maturity instructions (Encash / Rollover)
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Zakat exemption option
You can also check live Term Deposit rates directly in the app.
Profit Options That Suit You
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Monthly Profit Payment – receive profit every month.
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Maturity Profit Payment – get your accumulated profit at the end of your chosen tenure.
Flexible Maturity Instructions
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Encash at Maturity – your deposit + profit is instantly credited at completion.
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Rollover – auto-renew your deposit for another term:
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With principal only (profit credited to account).
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With principal + profit (entire amount reinvested).
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Note: Rollover with profit allowed only if profit is set at Maturity.
Additional Features
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Digital Receipt – instant confirmation, share via WhatsApp, Email, etc.
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Zakat Exemption – digitally submit CZ-50 form to avoid deductions.
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Change Instructions Anytime – switch from Encash to Rollover (or vice versa).
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Real-Time Encashment – withdraw early with profit as per policy.
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Withholding Tax Certificate – digital access anytime.
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Easy Tracking – view all activwe & matured deposits with history.
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SMS Alerts – get updates on booking, maturity, encashment, profit, and reminders.
How It Works in 3 Steps
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Open Alfa App → Save & Invest → Alfa Term Deposit
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Enter details & select your profit option
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Confirm booking & receive digital receipt instantly
Key Benefits
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Start small, grow big
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Total flexibility on tenure & payouts
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Full digital convenience
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Secure Islamic banking with Bank Alfalah
Support
For queries, visit our FAQs, email contactus@bankalfalah.com, call our 24/7 helpline +92 21 111 225 111, or visit your nearest branch.