Term Deposit Account

Insurance & Takaful
- Compare Insurance
- Car Insurance
- Health Insurance
- Travel Insurance
- Bike Insurance
- Life Insurance
- Term Life Insurance
- Personal Accident Plan
- Hospital Cash Cover
- Group Health Insurance
Loans & Mortgages
- Compare Loans
- Personal Loans
- Car Loans
- Home Loans
- Loans Guides
- 8 Questions to Ask before Applying for a Car Loan
- Selecting an Affordable Home Loan
- Key Tips to Get Best Personal Loan
- How to Get Best Car Financing Deals
Credit Cards
- Credit Cards by Category
- All Credit Cards
- Balance Transfer Credit Cards
- Cashback Credit Cards
- Rewards Credit Cards
- Travel Credit Cards
- Platinum Credit Cards
- All Debit Cards
- Credit Cards by Providers
- Bank Alfalah Credit Cards
- Silk Bank Credit Cards
- UBL Credit Cards
- Standard Chartered Credit Cards
- MCB Credit Cards
- HBL Credit Cards
- Compare Debit Cards
- All Debit Cards
Savings & Investments
- Compare Bank Accounts
- Savings Accounts
- Term Deposit Accounts
- Current Accounts
- Foreign Currency Accounts
- SME Bank Accounts
- Bank Accounts Guides
- How to Save for Children Eduction
- Money Saving Ideas for Millennials
- Get Best Interest Rates by Comparing Bank Accounts
- How to Find Best Savings & Deposit Accounts in Pakistan
Mutual Funds
- Compare Mutual Funds
- All Mutual Funds
- Islamic Funds
- Conventional Funds
- Income Funds
- Equity Funds
- Mutual Funds by Asset Managers
- MCB Arif Habib
- UBL Fund Managers
- Al Meezan Investments
Resources

Enjoy flexible terms and high returns on your deposit

Minimum Balance Required (Rs)

100,000

Minimum Amount Required (Rs)

100,000

Daily Withdrawal Limit
(Rs)

Annual Fee
(Rs)

Allowed Monthly Transactions

View Phone Number

Features

- Profit payment frequency is on monthly basis

- The funds can be fixed for a tenor ranging from 1 month to 11 months

- Interest rate varies from 5.50% to 6.25% based on the deposited amount and the term length
Benefits

- Financing facility up to 90% of the deposited amount

- Profit is calculated on average monthly balance

- Facilitating with Pay Order and Demand Drafts

- Free E-statements and internet banking

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

What can invest in a fixed or term deposit bank account?

Anyone who is a Pakistani resident individual, private and public limited companies, can use a term/fixed deposits account.

What term lengths are available for these accounts?

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.

Does a depositor get the profit on monthly basis?

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.

Can I withdraw my funds anytime?

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 term investment
Target Age Group

21 - 60 years
Interest Rate / Profit Rate

6.25%
Interest Calculation Frequency

-
Profit Payment Frequency

Monthly
Currency of Account

PKR

Free ATM / Debit Card?
ATM Card Network

VISA
Free Cheque Book?
Manage with App?
Branch Banking
Online Banking?

Other Bank Accounts from Silk Bank

Online Express Account

APR 0%

Open Account with Rs. 1,000

An account that offers you multiple FREE benefits with no minimum balance requirement

See Details

Silk Foreign Currency Account

APR 0.25%

Open Account with Rs. 500

An ideal account for individuals and institutions to invest their foreign currency to get profit

See Details

PLS Savings Account

APR 5.5%

Open Account with Rs. 1,000

An account that provides your higher rate of returns on your savings

See Details

Term Deposit Account

APR 6.25%

Open Account with Rs. 100,000

Enjoy flexible terms and high returns on your deposit

See Details

Need the Number?

Please fill out the form to show the Bank's contact number

First Name

Last Name

Mobile No

Please keep me up-to-date with the interesting offers and newsletters.

The content provided by Mawazna.com is based on indicative information ONLY. The integrity of the information is reviewed and validated at regular intervals using the information available from free sources (websites, product catalogs) provided by banks/service providers and their helpdesk however product information, service charges, rates & fees are subject to change on time to time basis. Mawazna.com takes no responsibility of any such changes or any consequences arising from the use of or reliance on the content presented in this website. Therefore it is highly recommended that you should also make direct enquiries to the product providers/banks before buying a product. We aim to serve you impartially.

loading