Bank Term Deposit Calculator

A term deposit pays a fixed profit rate on the amount you deposit. The calculator splits the term into payout periods (a month, a quarter, six months, a year, or the whole term), works out the profit for each, takes withholding tax off every payment, and adds the periods up. If the term does not divide evenly, the leftover months earn profit for their own length.

A savings account works the same way but profit is credited on a schedule and, if you leave it, compounds: the next credit is earned on the larger balance, and because tax is deducted at source each time, it compounds on the after-tax amount. The net yield shown is the compound annual rate after tax, which lets you compare deposits that pay monthly, at maturity or with compounding on equal terms.

Rs 1,000,000 at 10.5% for 12 months. Paid monthly, a term deposit earns Rs 8,750 a month, tax takes Rs 1,750, and a filer receives Rs 7,000. Over the year that is Rs 84,000 of net profit.

The deposit paid monthly and the one paid at maturity earn the same simple profit, but the monthly payer gives you the cash earlier, which you can spend or reinvest. The savings account compounds, so it gains a little more on the same quoted rate.

For tax year 2027, banks withhold 20% of profit from filers and 40% from non-filers. For an individual it is a final tax up to Rs 5 millionof profit in the year. Being on the Active Taxpayers List is worth a lot here: the non-filer rate takes twice as much of every payment. Use the income tax calculator for the rest of your income.

Zakat is separate. On 1 Ramadan, banks deduct 2.5% of savings and term deposits at or above the government nisab, which was Rs 503,529 for 1 Ramadan 1447 AH. A CZ-50 declaration, filed before Ramadan, stops the deduction. On the example above, one deduction takes Rs 25,000 and brings the net profit from Rs 84,000 to Rs 59,000. Zakat is a religious obligation rather than a tax, and you owe it anyway on savings above the nisab, so the figure is shown for planning. Check your own position with the zakat calculator.

The calculator puts your deposit beside the two main alternatives for the same amount and period. With the rates of October 21, 2026 (National Savings) and October 28, 2026 (T-bills), after tax for a filer:

These are indicative figures: they assume the bank rate above, and each alternative at its current rate with its own tax. A deposit has no auction, no certificate to buy and easier access, but the tax gap is real. See the full detail in the National Savings calculator and the T-bill calculator.

Overseas Pakistanis and residents with declared foreign assets can buy Naya Pakistan Certificates through a Roshan Digital Account. The profit is paid at a fixed rate in rupees or in dollars, with 10% withholding tax as a final tax, and the certificates are exempt from zakat deduction at source. Rates for certificates issued from March 27, 2026 (dollar certificates) and from June 5, 2026 (rupee certificates):

The rates may be revised after the State Bank's October policy move, so confirm the current rate with the bank. Minimum amounts differ between banks. Read the Roshan Digital Account guide for how overseas Pakistanis invest.

• Ask for the rate in writing, and the payout date. Profit paid monthly, quarterly or at maturity changes your cash flow, and some banks credit savings profit only half-yearly.
• Check the early-withdrawal terms. Breaking a term deposit early commonly cuts or removes the profit.
• Compare after tax and after inflation. Test the net yield against price rises with the inflation calculator, and see what compounding does over longer periods with the compound interest calculator.
• Islamic deposits quote an expected profit rate. The actual profit is shared and can differ from the quote.
• Spread across options. Many savers split money between a bank for access, National Savings for the tax edge, and bills or PIBs for term.