Current Accounts — Full Lineup

• PKR Current Plus Account

  Built for the daily financial needs of salaried individuals — the bank's standard everyday transactional account.

• Classic Current Account

  Bank Alfalah's simplified, everyday current account for straightforward daily banking.

• Kamyab Karobar Account

  Designed for the more complex financial needs of business and sole-proprietor customers.

• FCY Current Account

  Foreign-currency current account (USD, GBP, EUR and more) for customers who transact regularly outside PKR.

• Pehchaan Current Account

  A women-focused current account with convenient local and international access.

• Corporate Payroll Current Account

  A payroll-linked current account for salaried staff, opened either on-site at an employer or through standard channels.

• Freelancer Digital Current Account

  Built for freelancers who need a smooth, largely paperless banking experience for project-based income.

• Kashtkaar Current Account

  Aimed at farmers — bundles farming advisory services and reduced processing fees on agri-related transactions.

• Asaan Current Account

  Opens with just PKR 100 and a CNIC, no ongoing balance requirement, max credit balance PKR 3 million, monthly debit limit PKR 1 million.

• Asaan Digital Current Account

  Fully digital, zero-balance version of the Asaan Current Account with nationwide reach.

• Asaan Remittance Current Account

  Zero initial deposit, no minimum balance, built specifically for regular inbound remittance recipients.

• Asaan Digital Remittance Current Account

  The fully branchless, digital version of the remittance current account — zero balance, free nationwide transfers.

Bank Alfalah Savings Account Types & Rate Snapshot (Effective 14 January 2026)

Minimum Opening Balance & Who Each Account Is Best For

Savings Accounts — What Each One Is Actually For

• Alfalah Savings Account

  The most basic Bank Alfalah savings account: open with just PKR 100, no minimum balance, semi-annual profit on monthly average balance, free e-Statements and SMS alerts.

• Alfalah Kifayat Account

  Minimum balance PKR 50,000, tier-based monthly profit — the more you hold, the higher your rate tier.

• Alfalah Royal Profit Account

  Designed for large transaction volumes and higher balances, with monthly profit payouts.

• Falah Care Senior Citizen Account

  For customers aged 55+, daily profit calculation paid monthly, free chequebooks/Banker's Cheques/debit card, plus priority service at your nearest branch.

• Pehchaan Savings Account

  Women-focused account, no minimum balance, multi-currency (PKR, USD, GBP, EUR, JPY, CNY, AED), free cheque books and locker waivers.

• SnaPack Kids Account

  A savings account for minors, aimed at building early savings habits with its own debit card.

• Freelancer Digital Savings Account

  Digital-first account tailored for freelancers, with global receipt capability and flexible access.

• Corporate Payroll Savings Account

  A profit-bearing payroll account with tiered savings growth for salaried employees.

• Asaan Savings Account

  Simplified, lower-documentation account under SBP's Asaan framework.

• Asaan Digital Remittance Savings Account

  Streamlined, fully digital account built specifically for remittance recipients.

• Asaan Remittance Savings Account

  Save and receive remittances in one account, designed for regular inbound-remittance customers.

• Asaan Pehchaan Digital Account

  Women-focused digital account combining Asaan's simplified onboarding with Pehchaan's tailored benefits.

• Alfa Business Savings Account

  A high-return, fully digital savings account designed specifically for small businesses.

• Alfa Account (digital wallet)

  Open entirely through the Alfa app, anytime, anywhere — no branch visit needed.

• FCY Savings Account

  USD, GBP, EUR, JPY, CNY, or AED savings with no minimum balance and semi-annual profit.

• FCY Monthly Savings Account

  Same foreign-currency flexibility as FCY Savings, but with profit credited monthly instead of semi-annually.

Fixed / Term Deposit Products & Rate Snapshot

• Bank Alfalah Term Deposit

  The standard TDR product — choose payout frequency (monthly, quarterly, annually, or at maturity) across tenors from 1 month to 5 years.

• Alfa Term Deposit (digital)

  Booked entirely through the Alfa app, with its own slightly different rate card from branch-booked TDRs — tenors from 7 days to 1 year.

• Alfalah Weekly Profit Term Deposit

  A 1-5 year TDR that pays profit out weekly instead of monthly or at maturity, for customers who want a regular small cashflow.

• Short Notice Term Deposit

  Very short tenors (7 days to 1 year) for parking funds briefly while still earning a return.

• Alfalah Floating Term Deposit

  Rate floats with KIBID (bid-side KIBOR) less an applied margin, across 1-3 year tenors and three deposit-size tiers, repricing monthly, quarterly, or semi-annually depending on the tier chosen.

• Alfalah Mahana Amdan / Senior Citizen Mahana Amdan

  A monthly-income-focused term product, structured on the same KIBID-less-margin basis as the Floating Term Deposit, split into deposit-size tiers.

• Foreign Currency Fixed Account

  Lock in a fixed term in USD, GBP, or EUR, with rates that vary by tenor and by which FCY term-deposit tier you fall into.

Foreign Currency Rates

Where Current Profit Rates Live

Because Bank Alfalah has been observed updating its deposit rate sheet as often as weekly, this page intentionally frames a Bank Alfalah savings account rate as a dated snapshot rather than a single "current" number that would go stale within days. Check Bank Alfalah's official Rate Sheet page (Personal Banking) for conventional accounts, or its Key Fact Statements & Profit Rates page (Islamic Banking) for Mudarabah-based accounts, both of which are dated and re-published on a rolling basis.

Opening an Account Online — Bank Alfalah RAPID

RAPID (rapid.bankalfalah.com) is Bank Alfalah's dedicated digital account-opening portal — available under both Conventional and Islamic banking modes — and it's the answer to "bank alfalah online account opening" and "bank alfalah digital account opening" as actual search terms. You choose Current or Savings, upload your CNIC and required documents, complete a short verification (NADRA/biometric/mobile SIM matching), and the bank typically activates the account within 24 hours (1 working day) if there are no discrepancies.

• What you can do on RAPID

  Open a new Current or Savings account, apply for Debit/Credit Cards, and request Personal, Home, or Auto Loans — end to end, without a branch visit, in minutes with minimal documentation and no additional charges.

• Existing-customer self-service

  E-Statement subscription, SMS Alerts subscription, Internet Banking registration, cheque book requests, CNIC updates, Withholding Tax Certificate issuance, and e-transaction blocking/unblocking.

• Early account limits

  For the first 60 days from account opening, or until biometric verification (whichever comes first), a cumulative debit+credit turnover cap of PKR 200,000/month applies — removed instantly once biometric verification is completed at a branch.

Zakat Exemption on Savings Accounts

Zakat is deducted automatically from eligible PKR savings account balances under the Zakat and Ushr Ordinance, unless you file an exemption. To claim exemption, email your Zakat Affidavit/CZ-50 declaration form and CNIC copy to zakat@bankalfalah.com, or submit the Declaration Form for Zakat Exemption at your parent/home branch — before the 1st of Shaban each Islamic calendar year. Missing the deadline means Zakat is deducted for that year regardless of your eligibility. Zakat deduction rates, thresholds (Nisab), and exemption rules are set under the Zakat and Ushr Ordinance and can be revised — confirm current treatment with the bank and official Zakat guidance rather than relying solely on this page.

Investing Through Bank Alfalah — Mutual Funds & More

Bank Alfalah does have a Bank Alfalah-affiliated asset management arm — Alfalah GHP Investment Management Limited, incorporated in 2005, confirmed in the bank's own audited Annual Report 2025 — running mutual funds and managed portfolios distinct from the bank's own deposit products. Beyond that, customers can also invest in third-party mutual funds via bill-payment channels like KUICKPAY (for example, Al Meezan Investments funds), in addition to Bank Alfalah's own in-app K-Trade stock-investing service and direct access to Term Deposits, PIBs, T-Bills, and Sukuks through Alfa.

Minimum Balance Requirements & Service Charges

Term Deposit — Early Encashment Penalty

If you break a PKR Term Deposit Receipt (TDR) before maturity, Bank Alfalah pays profit for the completed term at whichever is lower: the applicable Minimum Savings Rate (MSR) at time of booking, or the rack rate for the nearest completed tenor. If your booked rate is below that applicable rate, you receive a rate 2% below the applicable rate instead — and for most tenors (excluding 7-day and 1-month), the bank also reserves the right to adjust the payout for the difference between PKRV rates at booking versus encashment, which can reduce the payout below your original principal in some cases. Floating-rate TDRs and FCY TDRs follow separate, similarly formula-based encashment rules.

Safe Deposit Lockers

IBAN, Transfer Limits & Charges

Current Account Perks

• Individual Current Account

  Standard transactional account with debit card, cheque book, and access to online/mobile banking.

• Kamyab Karobar (business)

  Business-focused current account aimed at SME and small-business owners, bundled with business-banking conveniences.

• Falah Islamic Current Account

  Shariah-compliant daily-transaction account, no min/max balance, PKR 100 initial deposit, Takaful coverage up to PKR 2,000,000 on a PKR 10,000 average monthly balance, and Preferred Banking access at PKR 1,000,000+ average balance. Shariah basis: Qard. See our Islamic Banking guide for the Shariah Board and full Islamic product lineup.