As the premier lifestyle and financial app in the country, Bank Alfalah’s “Alfa” mobile app has raised the bar further by adding a first of its kind completely digital savings account under its umbrella of impressive products and services. The ‘Alfa Savings Account’, allows customers to open a savings account from anywhere, using their smartphones with a simple and instant 4 step account opening process and earn up to 16% profit– which is currently the highest rate being offered in the market!
So, whether you are a young professional a homemaker or just someone who wants a simple, smart way to build and manage your savings from your mobile phone, Alfa Savings Account gives you 16% annual profit on your savings which is credited monthly along with all the transactional benefits that come with using Alfa.
How to Open Alfa Savings Account
Alfa Savings Account has a 4 step instant saving account opening process which requires minimal input.
You only need a smartphone and your CNIC to open an account on Alfa. Alfa can be downloaded from Google Play or App Store and the account can be opened even with zero balance.
See the step-by-step account opening process here.
How it Works
This savings account is a daily balance product with monthly profit disbursement which means that your profit is calculated on your daily balance, while the profit is credited to your account on a monthly basis. Plus, you get weekly alerts on your profit accumulation for the month, giving you the information to make the right choices.
You can deposit money in your Alfa Savings Account via online transfer from any other account, deposit from any Bank Alfalah Branch or IBFT from agent shops near you.
Furthermore, you can make various everyday payments easily from your phone, e.g. Funds Transfer, Utility Bill Payment, Mobile Top-up, Food Ordering, QR Payment to avail amazing deals & discounts.
- Download Alfa here.
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