Fixed deposit rates in Pakistan compared: term deposits from 1 month to 5 years

Fixed deposit rates in Pakistan for one year run from 7.07% to 11.30%, depending on the bank, as of each bank’s latest sheet in October 2026. The highest we found is Bank Alfalah’s 11.30% on its app-only Alfa deposit; in branch, JS Bank pays up to 11.05%. HBL pays 10.60% at maturity, UBL and Allied Bank 9.50%. National Savings’ 12-month certificate pays 11.31% and is taxed less.

What are the fixed deposit rates in Pakistan by bank?

Yearly rates for an individual’s rupee term deposit, from each bank’s own sheet. “At maturity” means profit is paid at the end; “monthly” means profit every month.

Soneri Bank pays 10.75% on a standard 1-year deposit and 11.00% on its Salana Amdani Account (1-year, profit at maturity), per its page dated 5 September 2026. JS Bank’s rates rise with the amount: Rs 1 crore and above gets 11.05% for 1 year.

Allied Bank’s sheet also lists Behtar Munafa Term Deposits at 10.50% for 1 year at maturity, but it doesn’t say who can open one, so ask at the branch. Its Term Plus deposits pay 8.50% for 1 year, 8.00% for 3 years and 7.75% for 5 years.

Do longer fixed deposits pay more?

Not at most banks right now. At UBL the rate falls from 9.50% for 1 year to 8.00% for 5 years; at HBL from 10.20% to 9.03% (both monthly profit); at Bank AL Habib from 10.00% to 9.25%.

NBP’s PLS TDR is the exception among the big banks: 8.50% for 1 year, rising to 9.00% for 5 years. Meezan no longer takes new 2, 3 or 5-year certificates; it stopped them from 1 April 2023.

If you lock in for 3 to 5 years, you fix today’s lower long-term rate. UBL says the rate at booking applies to its Mahana Aamdani Term Deposit; its Regular TDR is marked “floating rate”, so ask your bank whether your rate is fixed.

What are the best fixed deposit rates per month?

If you want income every month, these products pay profit monthly:

On Rs 10 lakh, NBP Itmenan at 11.70% pays about Rs 9,750 a month before tax, or Rs 7,800 for a filer. For rupee amounts at each balance, see monthly profit on 10 lakh.

How do fixed deposits compare with National Savings?

National Savings schemes pay more than most bank deposits, and filers pay 15% tax on the profit instead of the 20% charged on bank deposits. Non-filers pay 30% against 40%. Rates from 1 October 2026:

Rs 10 lakh for one year, after tax for a filer:

• Short Term Savings Certificate, 12 months: Rs 1,13,100 profit, Rs 96,135 after 15% tax.
• Bank Alfalah Alfa app deposit, 11.30%: Rs 1,13,000 profit, Rs 90,400 after 20% tax.
• JS Bank, 10.70%: Rs 1,07,000 profit, Rs 85,600 after tax.
• Bank Alfalah branch deposit, 10.45%: Rs 1,04,500 profit, Rs 83,600 after tax.
• Savings account at 10.00%: Rs 1,00,000 profit, Rs 80,000 after tax, and you can withdraw any day.

Short Term Savings Certificates are sold only at National Savings Centres, from Rs 10,000, and cannot be cashed in within the first month. See National Savings certificates and tax on bank profit.

What happens if I break a fixed deposit early?

You usually lose part of the profit. The rules differ by bank and scheme:

• JS Bank: profit is paid for the last completed tenure at the rate when you booked. A deposit of 1 year or more broken within the first year is also charged for CRR, per JS Bank’s sheet.
• Bank Alfalah: early encashment carries a penalty under its schedule of charges.
• Short Term Savings Certificates: cannot be cashed in within one month; profit is due only at maturity.
• Special Savings Certificates: no profit if cashed in within six months.
• Regular Income Certificates: a charge of 2% of the amount in the first year, falling to 0.5% in year 4 and nothing after.

We couldn’t find the early-break rule on the rate sheets of HBL, UBL, Allied Bank, MCB, NBP, Bank AL Habib or Meezan. Ask for it in writing before you book.

Are fixed deposits in Pakistan protected?

Yes, up to a limit. The Deposit Protection Corporation covers fixed-term deposits along with savings and current accounts, up to Rs 10 lakh per depositor per bank, including profit due but not paid, per HBL’s depositor protection notice (checked 10 Oct 2026). Splitting larger sums across banks keeps more of it covered.

More guides: savings account profit rates, monthly profit on 10 lakh, Behbood Savings Certificates, HBL accounts, UBL accounts, Meezan Bank accounts, best bank in Pakistan, investment options in Pakistan, Banking & Payments, Money.