Bank Al-Falah Limited: Alfalah Education


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Bank Al-Falah Limited

Phone: +880-2-7168821-05
Fax: +880-2-9557413

 Name : Alfalah Education
Category :Fixed Deposit
Description
Alfalah Education is a Term Deposit product with No Additional Cost (NAC) education insurance cover for account holders with school going children.
Benefit
- Deposits can be placed in multiple of 100,000 units with maximum 3 units allowed per depositor, i.e. a maximum deposit per customer of Rs. 300,000 across all BAL branches.
- All 3 units can be purchased for 1 child or each for up to 3 children.
- No evidence of insurability (medical examination/health decoration) is required.
- Maximum entry point age is 55 years (renewable up to 64th birthday)
- Benefit payment increases with age/class of the child.
DPS Type : Deposit
Interest Rate : 7 %

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