Name

Term Deposit Account

Introduction

Term deposit is a fixed-term form of savings deposit. It can not be transferred, remitted inward or outward.

Features

1.The available currencies include PKR, USD, CNY and so on.

2.Bank of China Limited Karachi Branch) offers:

PKR Term deposit of one month, three month, six month, one year, two year and three year of maturities;

USD Term deposit of one month, three month, six month, one year of maturities;

CNY Term deposit of one week, two week, one month, three month, six month, one year of maturities;

3.Customers can also choose automatic renewal upon maturity date or withdraw the deposit in full amount.

4.The interest rate of the term deposit is higher than that of the current deposit.

5.Free of account management fee.

Target Customers

The service is suitable for customer with valid identity documents and idle money that will not be used in the near future.

Procedure

1.Customers fill out account application form at and submit required identity documents to Bank of China Limited Karachi Branch.

2.Bank of China opens term deposit account after examining the identity document of customers.

Required Documents

1.No identity document is required for customers who has a current account, and customer who has no current account shall submit identity document as follows.

2.For Pakistani citizens: CNIC and other valid identity documents.

3.For Non-Pakistani citizens (who live in Pakistan): original copy of passport, working certificate and other valid identity documents.

4.For Non-Pakistani citizens (who live outside Pakistan): original copy of passport and other valid identity documents.

Tips

1.Term deposit can be withdrawn before maturity date, however, Bank of China will not pay any interest for savings.