Term Deposit Account

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)
0
Annual Fee
(Rs)
1,000
Allowed Monthly Transactions
-

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  • 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 8.00% to 8.75% 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

    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 term investment

  • Target Age Group

    21 - 60 years 

  • Interest Rate / Profit Rate

    8.75%

  • 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?