Fixed Deposit Calculator — Pakistan
Calculate your fixed-deposit maturity value and interest in PKR at current rates. No signup, no account needed.
Enter a deposit amount, a rate between 0% and 100%, and a term above zero (up to 50 years) to see results.
Fixed deposit rates in Pakistan (2026)
Regular Income Certificates ≈ 13% p.a., Behbood Savings ≈ 16.5% (seniors/widows), Defense Savings Certificates 10-yr ≈ 13%. Bank term deposits ≈ 11–12%.
At around 11%, the fixed-deposit rate in Pakistan is very high in nominal terms - but rates this large usually track higher local inflation, so your real, after-inflation return can be far smaller than the headline suggests.
Reference figures, ~2026. FD interest is often taxable and rates vary by bank and tenure - verify the current rate before depositing.
Worked example
For every Rs 1,500,000 deposited at 11.00% for 5 years (quarterly compounding):
- Maturity value: Rs 2,580,643
- Interest earned: Rs 1,080,643
Scale to your deposit amount. Longer tenures and higher rates grow the maturity value; compare banks before locking in.
How to get the best fixed-deposit return in Pakistan
- Compare several banks - smaller and digital banks often pay more than the big high-street names.
- Ladder your deposits across different tenures so some matures regularly and you can reinvest at new rates.
- Check how often interest compounds; more frequent compounding grows the maturity value.
- Factor in tax on the interest, and compare against short-term government bills or bonds.
Where fixed-deposit rates stand under Pakistan's current policy cycle
The State Bank of Pakistan's Monetary Policy Committee held the policy rate at 11.5% at its September 14, 2026 meeting — the third consecutive hold after a 100-basis-point hike in April 2026 broke a nearly three-year run of cuts. Headline inflation climbed to 11.1% in August 2026 from 9.2% in July, pushing above the SBP's 5–7% medium-term target. Because bank term-deposit pricing in Pakistan moves in the same direction as the policy rate (though individual banks set their own spreads), this rate is the benchmark to watch before locking in a fixed-deposit term.
Islamic term deposits: profit-and-loss sharing instead of fixed interest
Islamic banks in Pakistan cannot offer a fixed, pre-agreed interest rate on term deposits because that would constitute riba. Instead, most structure term deposits as Mudarabah, a profit-and-loss-sharing partnership: depositors ("Rab-ul-Maal") contribute capital and the bank ("Mudarib") invests it, splitting the pool's actual net income by a pre-announced ratio — commonly around 50/50. Within the depositor's share, banks apply a "weightage" system: different account types and tenures are assigned different multipliers each month, so a longer or larger deposit gets a proportionally bigger slice of the same profit pool. The payout is not guaranteed — if the pool records a loss, depositors share in it too.
The tax bite — and why overseas Pakistanis get a better deal
Profit on debt is subject to withholding tax under Section 151 of the Income Tax Ordinance. Following the Finance Act 2025, the rate on profit paid by banks/financial institutions rose from a flat 15% to 20% for active tax filers, with non-filers taxed at double that rate (40%), generally as a final tax with no refund available to non-filers. Overseas Pakistanis investing through a Roshan Digital Account (RDA) get a better deal: Naya Pakistan Certificates (NPCs) carry a flat 10% withholding tax on profit as full and final settlement, regardless of tenure. As of June 1, 2026, published NPC profit rates ranged from 11.75% (3-month) to 12.75% (5-year) for PKR-denominated certificates.
Worked example: Rs. 1,000,000 for one year
At an illustrative 11.5% gross rate (the SBP policy rate, used as a benchmark since no specific conventional-bank rate was verified): a filer nets about Rs. 92,000 after 20% withholding tax (effective 9.2%); a non-filer nets about Rs. 69,000 after 40% withholding tax (effective 6.9%). By contrast, a 12-month Naya Pakistan Certificate at its published 12.25% rate nets about Rs. 110,250 after the flat 10% withholding tax (effective 11.03%) — the highest net return of the three, mainly due to the lower tax rate.
Frequently Asked Questions
How is FD maturity calculated in Pakistan?
Maturity = P × (1 + r/4)^(4n) for quarterly compounding, where P is the deposit, r the annual rate and n the years. fin·calc uses this standard method.
What is the current FD rate in Pakistan?
As a 2026 reference, fixed-deposit rates are around 11% per year, varying by bank and tenure. Regular Income Certificates ≈ 13% p.a., Behbood Savings ≈ 16.5% (seniors/widows), Defense Savings Certificates 10-yr ≈ 13%. Bank term deposits ≈ 11–12%.
Is FD interest taxable in Pakistan?
In Pakistan, banks withhold tax on profit/interest at 15% for active tax filers and 30% for non-filers (10% for seniors 60+), remitted directly to the FBR.
Is a fixed deposit safe in Pakistan?
Fixed deposits carry no market risk. In Pakistan, bank deposits are protected by the Deposit Protection Corporation (DPC), a subsidiary of the State Bank of Pakistan, up to PKR 1,000,000 per depositor, per bank (raised from a lower cap in 2026). They trade higher safety for lower long-term returns than equities.
Should I choose a fixed deposit or invest instead in Pakistan?
A fixed deposit gives a guaranteed return and suits money you cannot afford to risk. Investing targets higher long-term growth but can fall in value. Many people keep an FD for safety and invest separately for growth.
Why don't Islamic banks in Pakistan pay a fixed interest rate on term deposits?
Islamic term deposits use a Mudarabah profit-and-loss-sharing structure instead of interest, because a guaranteed fixed return would be considered riba. The bank invests pooled depositor funds and shares the actual net profit (or loss) using a pre-announced ratio and a monthly 'weightage' that adjusts each account's share based on deposit type, size and tenure.
How much tax will actually be deducted from my fixed-deposit profit?
Under Section 151 of the Income Tax Ordinance, as amended by the Finance Act 2025, banks withhold 20% of profit on debt for active tax filers and 40% for non-filers. For filers this generally functions as a final/adjustable tax; non-filers get no refund even if their overall tax liability is lower.
Do overseas Pakistanis get better fixed-deposit terms through a Roshan Digital Account?
Yes. Naya Pakistan Certificates (the RDA term-deposit product) carried published profit rates of 11.75%-12.75% p.a. on PKR certificates as of June 1, 2026, and profit is taxed at a flat 10% withholding tax as full and final settlement — lower than both the 20% filer and 40% non-filer rates on standard domestic deposits.
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Sources
Deposit rates are compiled from each country's central-bank publications and the typical offerings of its major banks, reviewed for 2026 and subject to change — always confirm the current rate with your bank before depositing. See our methodology and editorial policy for how we source and update this data.
Additional sources for this page
Sources: SBP policy rate decision, The Express Tribune; Crowe Pakistan, Finance Bill 2025 tax commentary; FBR withholding tax rates 2026-27, Taxocrate; Naya Pakistan Certificate rates, Bank AL Habib; Mudarabah profit-sharing mechanism, Bank AL Habib Islamic. Accessed September 2026. See our methodology and editorial policy for how we source and update this data.