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Bank Al Habib Fixed Term Deposit

An account that offers you various options of deposit with an attractive rate of return


Minimum Balance Required (Rs)
No Requirement
Minimum Amount Required (Rs)
100
Daily Withdrawal Limit
(Rs)
Annual Fee
(Rs)
1,000
Allowed Monthly Transactions
-

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  • Features

    - Profit payment frequency is on monthly, quarterly, maturity

    - The funds can be fixed for a tenor of 1 months to 5 years

    - Interest rate varies from 13.10% to 19.50% based on the deposited amount and the term length

    - No limit for maximum deposit in this account

  • Benefits

    - Profit is calculated on daily basis

    - Option of withdrawal funds prior to maturity

    - No requirement for minimum amount of deposit

    - No penalty will be charged on premature encashment

     

  • Eligibility

    Salaried Person:
    - Age Limit: 18 - 70 years 
    - Documents required: CNIC, Proof of employment

    Self-employed/Businessmen:
    - Age Limit: 18 - 70 years 
    - Documents required: CNIC, and 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

    Short to long term savings

  • Target Age Group

    18 - 70 years

  • Interest Rate / Profit Rate

    19.5%

  • Interest Calculation Frequency

    Daily

  • Profit Payment Frequency

    Monthly

  • Currency of Account

    PKR

  • Free ATM / Debit Card?

  • ATM Card Network

    -

  • Free Cheque Book?

  • Manage with App?

  • Branch Banking

  • Online Banking?