Deposits & Rates

Bank of Punjab Profit Rates & Fixed Deposits

How BOP's savings and TDR profit rates are set, plus cheque and deposit-slip basics.

• TDR & Savings Rates
• SBP Policy-Linked
• Verified Sep 1, 2026

Written & reviewed by Dildar Hussain — 10+ years in Pakistani banking, BS Banking & Finance (NUML University)

Bank of Punjab profit rates on savings and term deposits move with the State Bank of Pakistan's policy rate and get revised periodically — so what matters here is knowing where to find the current figures, not repeating numbers that go stale within weeks.

BOP publishes its current profit rates, forex rates, and Schedule of Charges directly on bop.com.pk, alongside downloadable PDFs for savings accounts, term deposit receipts (TDRs), and foreign currency accounts — always the most reliable source, since third-party aggregators frequently carry outdated figures.

What Determines Your BOP Profit Rate

Fixed Deposits (TDRs)

BOP's Term Deposit Receipt product locks your funds for a fixed tenure in exchange for a fixed profit rate agreed at the time of deposit. Early encashment before maturity may affect the profit payable — confirm the specific pre-mature encashment terms with your branch before booking a TDR.

Cheque & Deposit Basics

Comparing Profit Rates Across Banks

Because profit rates on savings and term deposits move in step with the State Bank of Pakistan's policy rate across the entire banking sector, the meaningful comparison between BOP and another bank usually isn't "who pays more" in absolute terms at any given moment, but rather payout frequency, minimum balance requirements, and early-encashment terms on TDRs, since these vary bank to bank even when headline rates are similar. Always request the exact current rate and payout schedule in writing from your branch before booking a term deposit of any meaningful size.

Withholding Tax on Your Deposit Profit

The profit rate BOP quotes is a gross figure — what actually lands in your account is less, because the government withholds tax on bank profit at the point of payment, before you ever see it. Under Section 151 of the Income Tax Ordinance, BOP deducts 15% withholding tax for tax filers (those on FBR's Active Taxpayer List) and 30% for non-filers on savings and term deposit profit. For most individual savers this is a final tax — you don't add the profit to your regular taxable income, and it's the single biggest factor separating your quoted rate from your real return.

This matters most when comparing BOP's deposit products against National Savings Centre instruments (Regular Income Certificates, Special Savings Certificates, etc.), which carry a lower 15%/30% withholding structure of their own under separate rules — the headline rate isn't the whole story on either side. Becoming an active filer, if you aren't one already, effectively doubles your after-tax return on the same deposit compared to staying a non-filer, since the gap is exactly the difference between the two withholding rates.

Withholding tax rates confirmed against Section 151 of the Income Tax Ordinance as currently applied to bank profit for individual depositors. This is a federal tax rule applying to all Pakistani banks, not specific to BOP — rates are set in each year's Finance Act, so confirm current status via FBR before assuming these figures carry forward unchanged.

Locker Rent (SOBC, Effective 01 Jul – 31 Dec 2026)

Figures sourced from BOP's official Schedule of Bank Charges (SOBC), effective 01 July 2026 to 31 December 2026, published on bop.com.pk. Key deposit is refundable and not subject to FED/PST.

Frequently Asked Questions

Good For

• Finding the correct official source for BOP's current profit rates
• Understanding what determines your specific profit rate
• Knowing how BOP's TDR and cheque-deposit process works
• Avoiding stale rate figures from third-party aggregator sites

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For independent verification, see State Bank of Pakistan, Pakistan Stock Exchange, Bank of Punjab Official Website.