Fixed deposit rates in Pakistan for 1 year are about 8.5% to 11.3% in November 2026. The highest published 1-year rates are 11.32% at JS Bank and 11.25% at Bank Alfalah (paid at maturity), so Rs 10 lakh earns about Rs 1,13,200 in a year before tax. National Savings’ 1-year Short Term Savings Certificate pays 11.72%.
Last updated: 4 November 2026 by Ahmed. Rates checked on official bank, CDNS and State Bank sources on 3 to 4 November 2026.
Try your own amount and term in our Bank Profit Calculator, and compare savings accounts in our guide to bank profit rates in Pakistan.
Fixed Deposit Rates in Pakistan by Bank (1 Year)
| Bank and product | Profit paid monthly | Profit paid at maturity | Sheet date |
|---|---|---|---|
| JS Bank term deposit (Rs 1 lakh to Rs 49.99 lakh) | Check sheet | 11.32% | November 2026 |
| Bank Alfalah term deposit (under Rs 10 lakh) | Check sheet | 11.25% | November 2026 |
| Soneri Bank term deposit | 10.50% | 10.75% | 5 September 2026 |
| NBP Premium Aamdani Certificate | 9.80% | – | 1 August 2026 |
| NBP PLS Term Deposit | 8.50% (paid 6-monthly) | – | 1 August 2026 |
| Meezan Certificate of Islamic Investment | 9.18% | 9.55% | Declared for Oct 2026 |
Fixed Deposit Rates for Other Terms
| Bank and term | Monthly payout | At maturity |
|---|---|---|
| Soneri, 1 month | – | 9.00% |
| Soneri, 3 months | 9.10% | 9.25% |
| Soneri, 6 months | 9.25% | 9.50% |
| Soneri, 2 years | 9.75% | 10.00% |
| Soneri, 3 years | 9.50% | 9.75% |
| NBP PLS Term Deposit, 3 years | 8.65% (6-monthly) | – |
| NBP PLS Term Deposit, 5 years | 9.00% (6-monthly) | – |
| NBP Premium Aamdani, 5 years | 10.00% | – |
| Meezan COII, 3 months | – | 7.12% |
| Meezan COII, 1.5 years | 10.12% | – |
Profit on Rs 10 Lakh at Current Fixed Deposit Rates in Pakistan
| Option | Rate | Profit for 1 year (before tax) | Filer, after tax | Non-filer, after tax | Average per month (filer) |
|---|---|---|---|---|---|
| JS Bank 1-year deposit | 11.32% | Rs 1,13,200 | Rs 90,560 | Rs 67,920 | Rs 7,547 |
| Bank Alfalah 1-year deposit | 11.25% | Rs 1,12,500 | Rs 90,000 | Rs 67,500 | Rs 7,500 |
| Soneri 1-year (at maturity) | 10.75% | Rs 1,07,500 | Rs 86,000 | Rs 64,500 | Rs 7,167 |
| NBP Premium Aamdani, 1 year | 9.80% | Rs 98,000 | Rs 78,400 | Rs 58,800 | Rs 6,533 |
| Meezan COII 1 year (monthly) | 9.18% | Rs 91,800 | Rs 73,440 | Rs 55,080 | Rs 6,120 |
| Short Term Savings Certificate, 1 year (CDNS) | 11.72% | Rs 1,17,200 | Rs 99,620 | Rs 82,040 | Rs 8,302 |
Fixed Deposit Rates in Pakistan vs Savings Account
- Savings account: at least 10.5% from 1 November 2026 on balances up to Rs 1 crore, withdraw any time, rate changes with State Bank policy.
- Fixed deposit: rate is locked for the term, so it protects you if rates fall; breaking it early usually cuts the profit.
- When fixed deposit rates in Pakistan for 1 year are only slightly above 10.5%, a savings account is often the better choice for money you may need.
Fixed Deposit Rates in Pakistan vs National Savings
National Savings currently pays more than most fixed deposit rates in Pakistan for similar terms: Short Term Savings Certificates pay 11.12% (3 months), 11.50% (6 months) and 11.72% (1 year), and its profit is taxed at 15% for filers instead of 20%. See our Qomi Bachat profit guide.
Common Mistakes
- Booking a deposit from an old rate sheet right after a policy rate change; fixed deposit rates in Pakistan usually move within weeks of a State Bank decision.
- Choosing “at maturity” when you need monthly income.
- Ignoring the premature encashment rules.
- Comparing before-tax bank rates with after-tax National Savings figures.
Related guides: Read our guides on banks in Pakistan, T-Bills in Pakistan and Regular Income Certificate monthly profit.
Frequently Asked Questions
Which bank has the highest fixed deposit rate in Pakistan?
Among published November 2026 sheets, JS Bank pays 11.32% and Bank Alfalah 11.25% for 1 year, paid at maturity.
How much profit on 10 lakh fixed deposit for 1 year?
About Rs 1,13,200 before tax at 11.32%, or Rs 90,560 after 20% tax for a filer.
Are fixed deposit rates fixed for the full term?
Yes. The rate you book stays the same until maturity, even if the State Bank changes its policy rate.
Is a fixed deposit better than National Savings?
National Savings pays a little more for similar terms right now (11.72% for 1 year) and is taxed at 15% for filers, but banks offer more flexible terms.
Can I break a fixed deposit early?
Usually yes, but the bank pays a lower rate or charges a penalty. Check the premature encashment terms before booking.
This guide is for general information only and is not financial or tax advice. Rates change often, so confirm the latest figures with your bank or CDNS before you invest.
FAQs (Roman Urdu)
Pakistan mein fixed deposit ka rate kya hai?
1 saal ke liye taqreeban 8.5% se 11.3% (November 2026). JS Bank 11.32% aur Bank Alfalah 11.25% (maturity par) sab se zyada published rates hain.
10 lakh fixed deposit par kitna munafa milega?
11.32% par 1 saal mein taqreeban Rs 1,13,200 tax se pehle; filer ke liye 20% tax katta hai.
Kya waqt se pehle FD tor sakte hain?
Aksar banks ijazat dete hain lekin munafa kam ho jata hai ya penalty lagti hai. Bank ki shara’it check karein.
FD behtar hai ya National Savings?
Qomi Bachat ka 1 saal ka Short Term Savings Certificate 11.72% deta hai, magar is par 15%/30% tax lagta hai.
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