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Allied Bank Term Plus Deposits

An Account with a guaranteed, highly rewarding profit rates on fixed deposits


Minimum Balance Required (Rs)
10,000
Minimum Amount Required (Rs)
1,000
Daily Withdrawal Limit
(Rs)
Annual Fee
(Rs)
0
Allowed Monthly Transactions
-

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  • Features

    - Offering Multiple Profit payment plans 

    - The funds can be fixed for a tenor ranging from 1 month to 10 years

    - Interest rate varies upto 11.70% to 18.50 based on the deposited amount and the term length

  • Benefits

    - Competitive rewarding rates on long-term deposits

    - Profit is calculated on average monthly balance  

    - Higher the deposit, Higher the returns will be

    - Offering Reinvestment option at maturity on prevailing profit rates

  • Eligibility

    Salaried Person: 
    - Age Limit: 21 - 60 years 
    - Documents required: CNIC,  Proof of employment, Copy of utility bill  

    Self-Employed / Businessmen:
    - Age Limit: 21 - 65 years 
    - Documents required: CNIC, Proof of Business 

  • FAQ

    Anyone who is a Pakistani resident individual, private and public limited companies, can use a term/fixed deposits account.
    You can use a fixed deposit account from 1 month up to 10 years of length. The profit rate will also be better if you deposit it for longer time periods.
    Yes, you can ask the bank to pay the profit on a monthly basis however the rate of interest or profit rate will only be charged or calculated on annual basis.
    Yes, you can withdraw your funds from your fixed term bank account however some banks may charge a penalty or a fee for early withdrawals than a fixed maturity date.

Other Details

  • Best Suitabe For

    Long term savings

  • Target Age Group

    21 - 65 years 

  • Interest Rate / Profit Rate

    18.5%

  • Interest Calculation Frequency

    Monthly

  • Profit Payment Frequency

    Monthly

  • Currency of Account

    PKR

  • Free ATM / Debit Card?

  • ATM Card Network

    VISA / PayPak

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?