How do I check the TDRs I’ve booked?

You can check your booked Term Deposits by logging into your UBL Digital App, click on Accounts and select Term Deposit. All the booked Term Deposits will appear under this section. To check the details of individual Term Deposit, click on summary.

What is the minimum and maximum booking amount?

The minimum investment amount is: Term Deposit Product Type Minimum Investment Amount UBL Mahana Aamdani Term Deposit Rs. 25,000 (progressing in multiples of Rs.25,000) UBL Certificate of Deposit (COD Maturity) Rs. 50,000 (progressing in multiples of Rs.25,000) There is no limit to the maximum amount of investment that can be made in a Term Deposit.

What rates are offered on these Term Deposit?

The rates offered are as per the Bank’s prevailing rate sheet for Certificate of Deposit (CoD-at Maturity), or Mahana Aamdani Term Deposit. You can also view the rates on each tenor whenever you place a deal in the UBL Digital app.

What tenors can the deals be booked at?

The deals can be booked for the below tenors for all products: • 3 months • 6 months • 1 year • 3 years • 5 years • 10 years

How frequently is the profit paid out on the Term Deposit?

The profit on each product is paid: Term Deposit Product Type Profit Payment Frequency UBL Mahana Aamdani Term Deposit Monthly UBL Certificate of Deposit (COD Maturity) At Maturity

Can UBL Mahana Aamdani Term Deposit be opened with a Savings Account?

You need to have a UBL current account to invest in UBL Mahana Aamdani Term Deposit. If you would like to invest in this product, please open an account online by visiting our website https://ubldigital.com/Open-a-Bank-Account-Online, or go to a nearest UBL branch.

What is rollover facility?

A rollover refers to automatic renewal of the Term Deposit, i.e. the amount invested will be automatically reinvested after the Term Deposit matures, for the same tenor at the prevalent profit rate. The rates prevalent can be viewed at https://ubldigital.com/About-UBL/Rates

How can I stop rollover of my term deposit?

You can stop automatic investment rollover by visiting your account branch.

Can the rate on these TDRs change mid- tenor?

No, the rates in CoD and Mahana Aamdani Term Deposit will remain same throughout their tenor.

Will there be any zakat deduction on these Term Deposit?

Yes, Zakat will be deducted as per the Zakat and Ushr Ordinance, 1980.

Are withholding tax charges applicable on profits disbursed?

Yes, and the rate applicable will be dependent on your ATL File/Non-Filer status. However, these taxes will be deducted in a separate transaction following immediately after the profit disbursal.

Are there any charges on Early Encashment?

Upon Early encashment, profit will be paid on minimum saving rates set by SBP applicable at the time of booking.

How do I encash my term deposits?

You can encash your previously booked deals by visiting your parent account branch and requesting to do so.

UBL Freelancer Account & Exporter’s Special Foreign Currency Account

U DO U! KHUD KI SUNO

A dedicated product that offers lifestyle banking to Freelancers. The product offers a full range of personalized features to empower you financially and provide greater freedom, convenience and flexibility in your remote income earning journey.

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Features & Benefits

Simple Account Opening Documentation

Swift Account Opening Journey

Availability of Exporter’s Special Foreign Currency Account (ESFCA)

Availability of FCY Visa Business Debit Card on ESFCA

Rate Break
on Loans

Availability of
Credit Card

Free General Banking Services

Preferential FX
Rates

Discounts on Co-working Spaces

Discounted Tax
Facilitation

Complimentary Insurance Coverage

Business Financing

Collaboration with Freelancer Association

Simple Account Opening Documentation

UBL Freelancer account is a non-remunerative (current account), Pakistani Rupee checking account which is opened along with an ESFCA (foreign currency account), targeted for Freelancers.

The bank considered Freelancers as those individuals, resident in Pakistan, engaged in provision of any digital/ online services, including IT and IT related services, against which payments are received from outside Pakistan

Following are the documentary requirements for freelancers in order to open UBL Freelancer PKR account along with ESFCA:

Copy of original CNIC/ NICOP/ POC/ (For minor B-Form / Juvenile Card)
Export Agreement/ Undertaking as a freelancer
Agreement on Key Fact Sheet on UBL Freelancer account and ESFCA

*For ESFCA account opening, please visit your nearest UBL branch

Click here for Key Fact Sheet and Schedule of Charges

Perfectly Suited Solutions

Swift Account Opening Journey

Enjoy maximum convenience while opening UBL Freelancer account along with ESFCA by either visiting any of our UBL branches or through digital account opening platform on our website.

In case you are a customer who already has an existing UBL PKR Freelancer account without ESFCA, please visit your parent branch to avail ESFCA

Availability of Exporter Special Foreign Currency Account

Do you wish to retain your freelancing remittances in Foreign Currency?

Wait no more as UBL extends to you Exporter’s Special Foreign Currency Account!

You will avail following benefits through this account:

Retain USD 5,000 per month (or equivalent FCY) or 50%, whichever is higher*, of your proceeds in Foreign Currency against freelancing services abroad.
Choice of Retention of funds in USD, GBP, EUR, AED and SAR
FCY Visa Business Debit card
75% withholding tax relief upon registration with PSEB
Access to foreign currency funds at any point in time
Minor can open an account along with the guardian

*The remaining amount shall be credited to customer’s PKR account

Utilize your foreign currency funds for following transactions:

Make personal or work related payments in FCY for example, digital services, digital marketing, membership/ subscription fees, acquiring certification, study etc.
Make payments with respect to capital and financial transactions, such as equity investment abroad and foreign currency loan repayment, as per
prevailing regulatory guidelines.
Convert the funds in your PKR account and enjoy all permissible transactions locally
FCY Cash withdrawal outside Pakistan
Transfer of funds to and from customer’s other Exporter’s Special Foreign Currency account maintained with other Authorized dealer

Foreign currency cash withdrawal is not allowed within Pakistan The funds cannot be transferred to any FCY/ FE 25 accounts

Availability of FCY Visa Business Debit Card

Good News Freelancers!

Embrace Financial Freedom across the globe. Enjoy making both personal and business related transactions through your FCY VISA Business Debit Card from anywhere in the world, without any annual spend limit.

Furthermore, freelancers may utilize the Debit Card to make FCY Cash withdrawals abroad. However, FCY Cash withdrawals in Pakistan is not allowed.

All other charges and waivers will be applicable as per prevailing Schedule of Charges

The card will offer the following daily limits:

Channels	Limits per Day
Daily International ATM withdrawal limit	PKR 300,000 (equivalent in foreign currency)
Daily POS / E-commerce transaction limit	PKR 300,000 (equivalent in foreign currency)

Rate Break on Loans

Avail lucrative rate breaks on loans and utilize it to fulfill your dreams:

Personal Loan at a discounted rate of 1 year KIBOR + 10%
Up to 5% cash back on personal loan and educational loan*
Up to 3.5% cash back on auto loan*

*Upon maintaining monthly average balance of PKR 250,000 & above in the previous month

Availability of Credit Card

UBL Freelancer account holders can now conveniently apply for a Credit Card as per the Credit Card application process as defined by the bank from time to time.
In order to apply, customer can visit their branch, call our helpline or visit: https://ubldigital.com/Loans/Cards-Products/UBL-Credit-Card

Free General Banking Services

Free PKR Debit card
Free Cheque Book
Free IBFT via App/ Net Banking
Free App/ Net banking
Cashback on ATM Off Us transactions
Free E-PRC
Free SMS Alerts
Free Inter Branch Online transaction
Free PayOrder or free clearing (intercity clearing & same day clearing)
Avail all the above benefits without any initial deposit or minimum balance requirement

All other charges will be applicable as per prevailing Schedule of Charges

Preferential FX Rates

Forget about losing out on investments as we provide you with preferential rates upon receiving your remittances in UBL Freelancer PKR account

Discounts on Co-working Spaces

Discounts on Kickstart

Discounts on the Hive

Flat 10% discount on shared services such as Boardroom, Hot desk, Event Hall and Fixed Desk.

Discount on Worcade

Flat 15% discount on all co-working space services
Extended Free access to meeting rooms
Free upgrade to dedicated desks for medium term subscribers
Dedicated seats for UBL Freelancer account holder

In order to avail the discounts, UBL Freelancer accountholders are required to contact the co-working space directly for booking arrangements at least 2 days prior to the required dates so that their verification as an account holder is timely processed by the bank. The co-working space would then call the customer for confirmation once their status is verified.

Discounted Tax Facilitation

Filing of income or sales tax within 3 working days.
Review of tax return by professional tax consultants before filing.
Free live chat and on-call support during the process of filing.
Post-filing support in case of any notice for audit by Federal/Provincial Tax Authorities.

Consultancy Fee

Befiler will charge consultancy fee for the service provided as per following:

Service	Description	Fee (Rs.)
One-time fee for registration with FBR and SRB	For Everyone	3,000
Monthly Sales Tax Filing (Per Return)	Freelancers with only foreign source income Freelancers with local income	1,000 1,500
Annual Income Tax Return (Per Return)	Freelancers with only foreign source income - turnover not exceeding 5 million Freelancers with local income - turnover exceeding Rs. 5 million	2,000 3,000

Customer will pay consultancy fee directly to the Befiler. The fee will be deposited in Befiler's Bank account with UBL. In order to avail the discounted benefits, please contact your branch and fill out Tax Information Form. The branch will submit your form to Be-filer after verification as UBL Freelancer account holder after which Be-filer shall contact the customer for further details.

Complimentary Insurance Coverage

Bundle Insurance Benefits

The combined insurance plan will provide safety coverage for UBL freelancer accountholder against mobile, laptop, wallet theft while also providing benefits of hospitalization in case of an accident.

Type of Uncertainties	Mobile Phone	Laptop	Wallet	Accidental Hospitalization
Coverage (Amount in PKR)	50,000	100,000	5,000	150,000

Coverage Practice

All UBL freelancer accountholders maintaining average monthly balance of PKR 250,000 and above in the previous month
Coverage period: 30 days
Coverage charges: Complimentary cover
Term of the cover is monthly.

For claims, customer may contact:

Call: 111 845 111
Email: uilmarketing@ublinsurers.com
Address: UBL insurance office, Karachi.

Exclusion from the Insurance Cover:

No repair and damages for Laptop/Mobile. Only theft/snatching is covered.
No General Hospitalization: only accidental hospitalization covered.
Loss of Wallet-identity documents insurance is not covered. Theft of wallet covered only.

Insurance coverage is through UBL Insurers

Please email your details at uilmarketing@ublinsurers.com as soon as your account is opened so that you do not have any issues with respect to processing claims in future.

https://ubli.pk/freelancer/

Collaboration with Freelancer Association

UBL’s strong collaboration with Freelancer Association would provide our customers with a chance to build networks in their field of interest.

Disclaimer

Discounts on co-working spaces, Complimentary Insurance Coverage and Tax facilitation are third party services. The Bank shall not be liable for any action or lack thereof on the part of a third party. The customer hereby indemnifies and holds harmless the Bank against any loss, liability or damages arising from utilization of services of a third party whether if the same were referred to the customer by the Bank or not. The customer shall at all times exercise his good judgement and conduct their own due diligence prior to utilizing any services recommended by the Bank or offered by a third party on behalf of the Bank.

UBL Freelancer Account & Exporter’s Special Foreign Currency Account

Features & Benefits

Simple Account Opening Documentation

Perfectly Suited Solutions

Disclaimer

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