Overview
Allied Bank’s Foreign Currency Term Deposit provides customers with industry-leading projected profit rates on their chosen term. This account is perfect for individuals aiming to save and grow wealth in foreign currencies. It is available in the following options:
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US Dollar (USD)
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British Pound Sterling (GBP)
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Euro (EUR)
Profit Rates
Profit is paid as per prevailing Projected Profit Rates.
Features & Benefits
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Flexible Tenure: Choose from a minimum of 3 months to a maximum of 12 months.
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Attractive Profit Rates: Competitive rates aligned with the foreign currency market.
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Convenient Banking: Access via 24-hour Internet Banking, SMS Banking, and Phone Banking.
Frequently Asked Questions (FAQs)
Q1: How can I avail Allied Foreign Currency Term Deposit facility?
If you are already an ABL customer, you can open a Foreign Currency Term Deposit by visiting your nearest branch.
If you are not an ABL account holder, you’ll first need to open a Current or Savings Account in your desired foreign currency.
Q2: How long does it take to open the Foreign Currency Term Deposit account?
If all required formalities are completed (i.e., you hold a foreign currency current/savings account with sufficient funds and cheque book), it takes 1–2 working days to open the term deposit and issue the certificate.