| Feature | Details |
|---|---|
| Product Name | Behtar Munafa Term Deposit |
| Eligibility | All account holders (existing and new) |
| Type | Term Deposit |
| Terms Offered | 1 Month (Profit payment only on maturity) 3 Months 6 Months 1 Year 3 Years 5 Years |
| Profit Payout | Monthly (excluding 1-month tenor) / On maturity |
| Rollover | Allowed |
| Zakat Deduction | Zakat will be deducted as per the Zakat & Ushr Ordinance, 1980, unless an exemption certificate is provided. |
| Withholding Tax on Profit | Withholding tax shall be deducted from the profit amount in accordance with applicable income tax laws. |
Q1: How can I invest in the Behtar Munafa Term Deposit?
If you are already an ABL customer, visit your nearest branch to open the deposit.
If you are not an ABL account holder, you must first open a current or savings account.
Q2: How long does it take to open the Behtar Munafa Term Deposit?
Once you have an active current or savings account with sufficient balance and a cheque book, it typically takes 1–2 working days to book the deposit and issue the receipt.
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All account holders — both new and existing — are eligible for the Behtar Munafa Term Deposit.
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The Auto Rollover option is available at maturity, based on prevailing profit rates and customer instructions.
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In the case of premature encashment, the applicable profit rate will be the lower of the following:
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The minimum PLS/savings rate at the time of booking, or
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The prevailing PLS/savings rate at the time of encashment.
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