Bank Alfalah profit rates on savings accounts are 10.50% to 10.80% a year from 1 November 2026. Rs 1 lakh in the Alfalah PLS Savings or Royal Profit account earns about Rs 875 a month before tax (Rs 700 for a filer), and the monthly-profit Pehchaan account pays about Rs 888. Alfalah term deposits pay up to 11.55%, more than its savings accounts.
Last updated: 6 November 2026 by Ahmed. Rates checked on Bank Alfalah’s deposit rate sheet (savings effective 1 November 2026, term deposits effective 3 November 2026).
Compare Alfalah with other banks in our guide to bank profit rates in Pakistan, or try any amount in the Bank Profit Calculator.
Bank Alfalah Profit Rates on Savings Accounts
| Account | Profit paid | Rate for individuals | Above Rs 1 crore |
|---|---|---|---|
| Alfalah PLS Savings | Every six months | 10.50% (up to Rs 1 crore) | 9.50% |
| Alfalah Royal Profit | Monthly | 10.50% (up to Rs 1 crore) | 9.50% |
| Alfalah Pehchaan Savings | Monthly | 10.55% below Rs 50,000; 10.65% Rs 50,000 to 4,99,999; 10.80% Rs 5 lakh to Rs 1 crore | 9.50% |
| Alfalah Kifayat | Monthly | 10.55% below Rs 5 lakh; 10.65% Rs 5 lakh to 49,99,999; 10.80% Rs 50 lakh to Rs 1 crore | 9.50% |
| Alfalah Care Senior Citizen | Monthly | 10.55% below Rs 10,000; 10.80% Rs 10,000 to Rs 1 crore | 9.50% |
| Alfalah SnaPack and Teenager Savings | Monthly | 10.75% (up to Rs 1 crore) | 9.50% |
| Alfalah Asaan Savings / Asaan Pehchaan Digital | Every six months | 10.50% (balance capped at Rs 30 lakh) | – |
| Alfa Savings (digital) | Monthly | 10.50% (balance capped at Rs 10 lakh) | – |
| Alfalah Freelancer Digital Savings | Monthly | 10.50% (up to Rs 1 crore) | 9.50% |
| Alfalah Roshan Digital Account (PKR) | Monthly | 10.50% (up to Rs 1 crore) | 9.50% |
The State Bank requires conventional banks to pay individuals at least 10.50% on savings up to Rs 1 crore from 1 November 2026, after it raised the policy rate to 12%. Bank Alfalah pays that on its basic accounts and a little more on its tiered accounts: Pehchaan, Kifayat, Care Senior Citizen and SnaPack.
Bank Alfalah Profit Rates on 1 Lakh
| Account | Rate | Monthly profit (before tax) | Filer (20% tax) | Non-filer (40% tax) |
|---|---|---|---|---|
| PLS Savings / Royal Profit | 10.50% | Rs 875 | Rs 700 | Rs 525 |
| Pehchaan Savings (Rs 1 lakh tier) | 10.65% | Rs 888 | Rs 710 | Rs 532 |
| Care Senior Citizen | 10.80% | Rs 900 | Rs 720 | Rs 540 |
| Term deposit, 1 year, monthly profit | 10.70% | Rs 892 | Rs 713 | Rs 535 |
So the Bank Alfalah profit rate on 1 lac gives about Rs 875 to Rs 900 a month, depending on the account. The PLS Savings Account pays every six months, so you get about Rs 5,250 twice a year instead of a monthly amount. Choose Royal Profit or Pehchaan if you want the money every month.
Monthly Profit on Larger Amounts
| Amount | Royal Profit (10.50%) | Pehchaan | Pehchaan after tax (filer) |
|---|---|---|---|
| Rs 5 lakh | Rs 4,375 | Rs 4,500 (10.80%) | Rs 3,600 |
| Rs 10 lakh | Rs 8,750 | Rs 9,000 (10.80%) | Rs 7,200 |
| Rs 25 lakh | Rs 21,875 | Rs 22,500 (10.80%) | Rs 18,000 |
| Rs 50 lakh | Rs 43,750 | Rs 45,000 (10.80%) | Rs 36,000 |
| Rs 1 crore | Rs 87,500 | Rs 90,000 (10.80%) | Rs 72,000 |
Bank Alfalah Term Deposit Rates (from 3 November 2026)
| Tenor | Below Rs 10 lakh: monthly | Below Rs 10 lakh: annually / maturity | Rs 10 lakh and above: monthly | Rs 10 lakh and above: annually / maturity |
|---|---|---|---|---|
| 1 month | – | 10.10% | – | 10.35% |
| 3 months | 9.85% | 10.20% | 10.10% | 10.45% |
| 6 months | 10.00% | 10.45% | 10.25% | 10.70% |
| 1 year | 10.70% | 11.25% | 10.95% | 11.50% |
| 2 years | 10.55% | 11.15% | 10.80% | 11.40% |
| 3 years | 10.60% | 11.20% | 10.85% | 11.45% |
| 4 years | 10.65% | 11.25% | 10.90% | 11.50% |
| 5 years | 10.70% | 11.30% | 10.95% | 11.55% |
Example: Rs 10 lakh in a 1-year Alfalah term deposit with monthly profit at 10.95% pays about Rs 9,125 a month before tax (Rs 7,300 for a filer). Taking the profit at maturity instead, at 11.50%, pays Rs 1,15,000 after one year before tax.
Unlike many banks this month, Bank Alfalah’s term deposits pay more than its savings accounts. The catch is that the money is locked for the term, and breaking a deposit early usually means a lower rate. Rates above Rs 30 lakh can be negotiated with the branch.
Which Bank Alfalah Account Should You Choose?
- Monthly income, no lock-in: Pehchaan (10.80% from Rs 5 lakh) or Royal Profit (10.50%).
- Senior citizens: Care Senior Citizen, 10.80% with monthly profit.
- Highest rate: a term deposit, up to 11.55% for 5 years on Rs 10 lakh or more, if you will not need the money.
- Overseas Pakistanis: the Roshan Digital Account rupee savings pays 10.50% monthly.
- Freelancers: Freelancer Digital Savings, 10.50% monthly.
If you also bank elsewhere, compare with UBL profit rates and NBP profit rates. For money you can lock for years, National Savings certificates are another option.
Common Mistakes
- Choosing PLS Savings when you need monthly income; it pays only twice a year.
- Keeping more than Rs 1 crore in one savings account; balances above Rs 1 crore earn only 9.50%.
- Assuming an old term deposit gets the new rate. Existing deposits keep their booked rate until maturity.
- Not being on FBR’s Active Taxpayers List, which doubles the tax on your profit from 20% to 40%.
Need help? The Invest Pakistan can get you on the Active Taxpayers List so the bank deducts 20% instead of 40%. See our ATL registration service.
Bank Alfalah Profit Rates: FAQs
What is the Bank Alfalah profit rate on 1 lakh?
From 1 November 2026, Alfalah PLS Savings and Royal Profit pay 10.50%, about Rs 875 a month on Rs 1 lakh before tax. Pehchaan pays 10.65% at that balance, about Rs 888 a month.
Which Bank Alfalah account gives monthly profit?
Royal Profit, Pehchaan, Kifayat, Care Senior Citizen, SnaPack, Alfa Savings, Freelancer Digital and the Roshan Digital rupee account pay monthly. PLS Savings and Asaan Savings pay every six months.
What is the Bank Alfalah term deposit rate for 1 year?
10.70% with monthly profit or 11.25% at maturity below Rs 10 lakh; 10.95% monthly or 11.50% at maturity for Rs 10 lakh and above (from 3 November 2026).
How much tax is deducted on Bank Alfalah profit?
20% for filers on the Active Taxpayers List and 40% for non-filers, deducted by the bank when profit is paid.
How often does Bank Alfalah change its profit rates?
Bank Alfalah publishes a new deposit rate sheet whenever rates change, usually after a State Bank policy rate decision.
This guide is for general information only and is not financial or tax advice. Rates change often, so confirm the latest figures with your bank before you invest.
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