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Overview – Foreign Currency Term Deposit

Allied Bank’s Foreign Currency Term Deposit offers customers industry-leading projected profit rates based on their selected tenure. This account is ideal for individuals seeking to save and grow their wealth in foreign currencies, with the security and stability of a fixed-term investment.

The product is available in the following currencies:

  • US Dollar (USD)

  • British Pound Sterling (GBP)

  • Euro (EUR)

Profit Rates

  • Profit is paid according to the prevailing projected profit rates at the time of deposit placement.

  • [Click here] for detailed profit rate information.

  • Flexible Tenure: Choose from a minimum of 3 months to a maximum of 12 months.

  • Attractive Profit Rates: Competitive rates aligned with the foreign currency market.

  • Convenient Banking: Access via 24-hour Internet Banking, SMS Banking, and Phone Banking.

Q1: How can I avail the 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 or savings account with sufficient funds and a cheque book), it typically takes 1–2 working days to open the term deposit and issue the certificate.

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