Features

• For 3 months, 6 months, 12 months and 3 years, minimum investment is Rs.20 million
• For 1 month, minimum investment is Rs.100 Million
• A range of investment tenors are available suited to your convenience (i.e. 1, 3, 6, 12 and 36 months)
• Profit payment frequency at maturity for 1,3 & 36 months. For 12 months, profit payment frequency is monthly, quarterly, semi-annually & at maturity
• Profit is credited to a transactional account (Current or Saving)
• Competitive rate of returns
• Rate remains same over the entire investment period, despite fluctuations in money market
• Account holder may prematurely encash the full-Term Deposit and partial withdrawal are not allowed. Premature encashment shall be subject to premature encashment profit adjustment or penalties/cost/charges will be recovered from the proceeds of encashment of term deposit. The bank reserves the right to refuse any request for early encashment (Premature Encashment) of term deposit before its agreed maturity date, if the term deposit is held as collateral by the Bank.
• In the event of premature encashment of Advantage, Advantage Plus and/ or Investment Plus Deposits, the applicable profit will be paid at the rate lower of (i) the Profit and Loss Sharing (“PLS”) rate prevailing on the Term Deposit booking date; (ii) PLS rate prevailing on the early encashment date; or (iii) the last completed tenor’s rate – 1% (minus one percent) (where last completed tenor refers to the nearest completed tenor as per rate sheet(KFS), which is lesser than the actual number of days from the Term Deposit booking date till the early encashment date.
• Rollover option available: Applicable rate will be that on the date of maturity
• Profit calculation: On principal amount

How to Apply

• Customer must provide an attested copy of CNIC
• Customer must fill out the additional request form to request for IPD
• For new to bank customer: open a current or savings account, before filling out the additional request form

Product Disclosure

Zakat and withholding tax shall apply as per the prevalent law on deposit products