Sila Term Deposit

Safe Investments, Higher Returns!

U Bank’s Sila Term Deposit enables its customers to earn maximum profit from their idle funds. The Sila Term Deposit provides a secure annual return to each individual account holder, calculated over a range of fixed terms that are not exposed to the risk of market fluctuations.

Salient Features

Profit up to 8% p.a.

Profit Payout: Quarterly (For 01, 03 & 06 Months TDRs profit will be paid at Maturity).

For 2 &3 Year Term, maximum per party exposure to be capped at PKR 300 million.

Minimum Investment Limit: PKR 10,000

Maximum Investment Limit: PKR 100,000,000

Investment Tenure: 01 to 36 months

Instrument Issued in Multiples of PKR 100,000

Free Debit Card

Free First Cheque Book (25 leaves)

Two Free Inter Bank Fund Transfers (IBFT) per month

Two Free Pay Orders Per Month

Required Documents

Filled and signed Customer Application Form

Terms & Conditions are applicable

FAQs

How can I open a term deposit at U Bank?

The customer will be required to follow the following steps:

Visit your nearest U Bank branch
Choose the service you wish to avail
Provide the required KYC documents
Fill the provided account opening form, sign, and submit

What is the eligibility criteria for this account?

None

What is the profit payment frequency?

Quarterly (for 03 & 06 months, the Term Deposit’s profit will be paid at maturity)

What is the minimum balance requirement?

PKR 100,000

What documentation is required to open this account?

The following documents are required:

Filled and signed Customer Application Form

How long does the account opening process take place?

The process takes approximately 2 to 3 working days

Is there any limit on the number of transactions?

No, this account allows unlimited transactions

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Samar Term Deposit

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U Bank offers the Samar Term Deposit, which is a monthly payout term deposit product. This product enables customers to put their savings in a secure term deposit to earn a lucrative profit on a monthly basis. The investment can be done for a tenure of 12 months, 24 months, and 36 months at an attractive profit rate, with the minimum deposit of amount PKR 10,000 only.

Success Stories

Bringing Dreams to Life

Yasir Sheikh, a resident of Sheikh Muhalla in Shikarpur, Sindh, always dreamed of running his own business. He began with a small cart selling snacks on the street and gradually expanded to owning a grocery store. As his family grew, Yasir’s desire to provide a quality education for his children intensified. He enrolled them in good private schools, but soon found himself struggling to manage the school fees alongside daily expenses. Faced with the difficult choice between feeding his family and paying for education, Yasir felt overwhelmed and worried. In search of a solution, Yasir turned to U Bank for financial support. The bank's staff guided him through the loan options, and he quickly secured the necessary funds with Barhta Karobar Plus Loan. Within a year, Yasir not only expanded his grocery business but also successfully repaid the loan. Today, his store offers a wider variety of products, his income has increased, and his children are receiving the education he always dreamed of providing. Yasir’s story is a testament to how U Bank's microfinance services can empower small businesses to improve lives and livelihoods in Pakistan.

From Salesman to Business Owner

M. Iqbal Qadri from Adda Shabeel, Sahiwal – Punjab, Pakistan, is a determined business owner, who was working for a small pharmacy as a salesman before progressing to opening his own shop in Sahiwal. Sahiwal, where he is from, is an agricultural region and his family had traditionally been farmers. Between 2006 and 2007, Iqbal worked as a salesman, before he decided to open up his own retail store. He further required capital to expand it and increase his customer inflow. With suggestions from his friends, he twice availed the U Bank Islamic Banking - Apna Karobar Premium Murabaha Financing facility to add investment to his store for its growth. Today, he owns the shop himself, has added inventory and variety to his store, does not have to pay rent, sends his kids to good schools, and is living a good life.

U Bank Transforming Lives of Entrepreneurs

In the rural town of Kot Laysan, Rajanpur, Punjab, Tauqeer Ahmed has been running a successful clothing shop in Saddar Bazaar for 16 years, offering a wide variety of female clothing, from formal wedding clothes to casual dresses. Before starting his own business, Tauqeer worked as a salesman in a jewelry store for a decade, where he struggled with financial constraints. Realizing the potential in the clothing market, he decided to open his own shop, which required less initial investment and promised higher sales. To further expand his business, Tauqeer turned to U Bank for a Running Finance facility. The bank responded promptly, processing his loan quickly and offering a low markup rate. With this financial support, Tauqeer was able to invest in his business, resulting in substantial growth. Now, he enjoys daily sales of thousands of rupees, his income has improved significantly, and he has elevated his household's living standards. Tauqeer’s story highlights the vital role that U Bank's microfinance services play in empowering small and medium-sized businesses in Pakistan.

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