Soneri PKR Term Deposits
Make your money grow
Soneri PKR Term Deposit is for customers who intend to retain their savings for a fixed period and earn a higher rate of profit. It allows customers to save a fixed amount in Pak Rupees for a set period, ranging from 1 month to 3 years at attractive profit rates. The depositor has the option to reinvest the deposit automatically.
Features
Currency
PKR
Type
Term
Minimum Deposit
Rs. 25,000/-
Maximum Deposit
No limit
Facilities
Automatic Renewals
At maturity, the deposit can be renewed for the same tenure at the prevailing profit rate, unless instructed otherwise.
Premature Encashment
Premature encashment of a time deposit will cause reduction in rate of return by 150bps.
Running Finance Facility
You can use your Term Deposit as collateral to apply for Running Finance facility:
10% withholding tax will be applicable on profit credited into account
Zakat is applicable on Term Deposit; however, Zakat exemption forms are accepted.