Javascript is disabledFor full functionality of this site it is necessary to enable JavaScript. Here are theinstructions how to enable JavaScript in your web browser.

Why use CompareBanks makes browsing for Term Accounts simple, quick and reliable. You get all you need to know in one window, where you can make easy comparison between various banks, their rates, terms and conditions.

Premature Withdrawal / Early Withdrawal:

This refers to you terminating your Fixed Deposit / Term Deposit before your tenure is completed. Your bank will charge you a penalty and / or a service charge as per their schedule of charges when you do this. Profit is also calculated and adjusted when you withdraw prematurely from a term account. Detailed profit calculation is shared below.

Profit Calculation:

For instance you invest PKR 100,000.00 for 12 Months starting January 2014. The bank has offered you 10% profit rate per annum where the profit is calculated quarterly and paid quarterly.

Situation 1:

Here we will assume you DO NOT terminate your term deposit early. In this case every quarter you will receive = (100000*10/100)/4 = PKR 2500 every quarter, a total of PKR 10,000 per annum.

Situation 2:

Here we will assume you terminate your deposit 3 months before maturity. In this case you will receive =(100000*10/1000)/4 = PKR 2500 for 3 quarters only Minus your termination fees.


Be mindful of government taxes, Withholding tax and Zakat which is deducted as per policy of Govt. of Pakistan.

© OSolutions, Pakistan. All Rights Reserved.

Developed by