Bank Alfalah has revised its schedule of charges for the period of July to December 2024, effective from January 1, 2024. Among the significant changes is the increase in annual fees for their range of debit cards. This adjustment affects various card types, including the VISA Signature, VISA Platinum, VISA Gold, Pehchaan, and PayPak Classic debit cards.
Key Changes in Annual Fees
- Classic Debit Card: The annual fee has been raised from Rs2,750 to Rs2,900.
- Gold Debit Card: The fee has increased from Rs3,250 to Rs3,800.
- UnionPay Co-badged Classic Debit Card: Now priced at Rs2,300 annually.
- UnionPay Co-badged Gold Debit Card: Set at Rs2,500 per year.
- Pehchaan Debit Card: The annual fee has gone up from Rs3,250 to Rs3,800.
- Platinum Debit Card: The fee has been elevated from Rs6,000 to Rs7,000.
- Signature Debit Card: The most significant increase, from Rs16,000 to Rs18,000.
- PayPak Classic Debit Card: The annual fee has been adjusted from Rs2,300 to Rs2,400.
Detailed Revised Schedule
| Debit Card Type | Old Annual Fee | New Annual Fee |
|---|---|---|
| Classic | Rs2,750 | Rs2,900 |
| Gold | Rs3,250 | Rs3,800 |
| UnionPay Co-badged Classic Debit Card | N/A | Rs2,300 |
| UnionPay Co-badged Gold Debit Card | N/A | Rs2,500 |
| Pehchaan Debit Card | Rs3,250 | Rs3,800 |
| Platinum Debit Card | Rs6,000 | Rs7,000 |
| Signature Debit Card | Rs16,000 | Rs18,000 |
| PayPak Debit Card | Rs2,300 | Rs2,400 |
Special Note for Roshan Digital Account Holders
For Roshan Digital Account holders, the issuance of the Gold Card remains free. However, an annual fee of Rs3,800 will apply.
Bank Alfalah’s debit card options provide convenient access to customer accounts without the burden of interest charges. These revised annual fees reflect the bank’s commitment to offering robust and accessible financial services to its customers. By understanding these changes, customers can better manage their finances and continue to enjoy the benefits of their debit cards.
