January 15, 2002	Tuesday	Shawwal 30, 1422

KARACHI, Jan 14: The Bank of Ceylon has declared 8.50 per cent and the Industrial Development Bank of Pakistan 8 per cent rate of profit on PLS saving accounts for the period of July to December 2001.

The Bank of Ceylon announced 7.50 per cent rate of return on the special notice deposits for 7 to 29 days. It has offered 10 per cent for one month deposit, 10.50 per cent on 3 months, 10.75 per cent on 6 months, 11.25 per cent on one year, 12.25 per cent on two years and 13.25 per cent on three years deposit. On Ceybank golden deposits of Rs5 million and above it has declared 12.50 per cent.

The IDBP has announced 5.10 per cent on 7 to 29 days notice and 6 per cent on 30 days notice. On term deposits up to Rs500 million the IDBP has declared 11.75 per cent on one year, 12 per cent on two years, 12.50 per cent on three years, 12.75 per cent on four years and 13.30 per cent on five years. On term deposits of over Rs500 million it has declared 12.25 per cent on one year, 12.50 per cent on two years, 12.75 per cent on three years, 13 per cent on four years and 14 per cent on five years.

On Business deposit accounts, the IDBP has declared 10 per cent on deposits up to Rs50 million, 11 per cent on deposits between Rs51 million to Rs100 million, 12 per cent on Rs101 million to Rs500 million and 12.5 per cent on over Rs500 million.

The IDBP has offered 13.62 per cent on Talimi Certificate, 13.62 per cent on Besh Baha certificates, 11.5 per cent on 6 month Sanati Sarmaya certificate and 13.1 per cent on 3 years Sanati Sarmaya certificate. It has declared 11 per cent on one year IDBP Mahana certificate, 11.50 per cent on two years, 12 per cent on 3 years, 12.50 per cent on four years, 13 per cent on 5 years, 13.50 per cent on 6 years and 14 per cent on 7 years.

On various term IDBP deposit certificates the rate of returns are 6 per cent on one month, 7 per cent on three months, 8 per cent on 6 months, 12 per cent on one year, 12.50 per cent on two years, 13 per cent on three years, 14 per cent on four years and 15 per cent on 5 years.

The Emirates Bank International has announced rate of return on PLS saving accounts and various term deposits for the period July to December 2001. It has declared two different rates. One for the period July to October 31 and the second November 1 to December 31 2001.

A press release on Monday declared 7.50 per cent on Saving accounts for July to October and 6 per cent for November to December.

On 7 to 29 days notice, the Emirates announced 7.5 per cent for July to October and 6 per cent on November to December. It has offer 8 per cent on 30 days notice for July to October and 7 per cent on November to December.

For various term deposits, the Emirates declared 8 per cent on one month deposit from July to October and 7 per cent on November to December, 8.50 per cent on three months for July to October and 7.25 per cent for November to December, 9.25 per cent on six months for July to October and 7.50 per cent for November to December and 9.75 per cent on one to five years for July to October period and 8 per cent for November-December 2001.

Emirates Xtra upto 8 per cent on July-October period and 7 per cent on November-December period and Emirates Pakistani upto 9.70 per cent on July to October and also on November to December.