Bank Alfalah Royal Profit Accounts are especially designed for individuals and institutions with large transaction volumes looking for higher returns on their savings and encompasses three products for different categories of accountholders.
Bank Alfalah Royal Profit Accounts
| Bank Alfalah Royal Profit Account | Bank Alfalah Institutional Royal Savings Account | Bank Alfalah Institutional Royal Profit Account | |
|---|---|---|---|
| Target Market | Individuals Only | Institutional Customers Permissible Sectors Only Financial Institutions Public Sector Enterprises Public Limited Companies |
Non-Individual / Institutional Customers Excluding Financial Institutions Public Sector Enterprises Public Limited Companies |
| Account Opening Balance | PKR 100 | ||
| Account Maintenance Balance | PKR 50,000 | ||
| Profit Calculation | Monthly Average Balance | ||
| Profit Payment Frequency | Monthly | Monthly | Semi-Annual |
| Flexible Rate on Higher Balance (subject to approvals) | Yes | ||
| Free e-Statements | Yes | ||
| Free Local Fund Transfers | Yes | ||
| Free Online Banking Transactions | Yes | ||
| Free Cheque Book Issuance | Yes | ||
| Free Banker’s Cheque Issuance | Yes | ||
| Free Same-Day Clearing | Yes | ||
| Free Intercity Clearing | Yes | ||
| Free Outward Clearing Returns (including Same-Day & Intercity Returns) | Yes | ||
*All existing Bank Alfalah Royal Profit Accounts held by Non-Individuals shall now be categorized as Bank Alfalah Institutional Royal Profit Account or Bank Alfalah Institutional Royal Savings Account based on institution category as per SBP circular.
-Service charges apply as per the Bank’s prevailing Schedule of Charges
-All taxes and Zakat are applicable as per Government regulations
-Terms and Conditions
–Click here to view the Bank’s current profit rates.
Click here for Account Opening Form.
Terms and Conditions
For Terms and Conditions of Bank Alfalah Royal Profit Accounts.
