Features

• HBL AdvantagePlus is a Term deposit Account in PKR only
• HBL AdvantagePlus is available for both Current and Saving accountholders but profit will only be credited in customer’s Current Account.
• The profit payout frequency is monthly
• Tenors available are one year, two years, three years, five years, and ten years
• HBL AdvantagePlus term deposit can be placed with a minimum deposit of Rs. 25,000/-
• Auto rollover and premature encashment options are available.
• 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
• Avail financing facility up to 90%.
• to review the indicative rates being offered Please click here

Note: All profits payable is subject to Zakat and Government Levies.

Terms and conditions apply

How to Apply

• ​Minimum investment of Rs. 25,000 with maximum investment of Rs. 500 million can be availed​​
• ​For existing HBL Accountholders, please fill out an Additional Request Form (ARF) ​
• For new to bank customers, they must open a current or savings account prior to booking the term deposit.

In case premature encashment penalty is greater than or equal to the customers accrued profit, then the premature encashment penalty will be equivalent to customers accrued profit

The calculation of premature encashment for the holding period will be based on the prevailing PLS rate or booking PLS rate, whichever is lower.

Note: All profits payable is subject to Zakat and Government Levies.

Terms and conditions apply