KARACHI, Jan 16: Habib Bank Limited, one of the two top banks of the country, has declared 4 per cent annual rate of return on PLS Saving accounts for the period July to December 2001.

On Special Saving Deposits the rate of returns are linked with the size of deposits. On average saving deposits of Rs3 million up to Rs25 million the HBL has offered 7 per cent. It has declared 7.25 per cent for those depositors who maintained average saving deposits of Rs25 million and Rs50 million, 7.50 per cent for those who maintained average deposits of Rs50 million to Rs100 million, 7.75 per cent on Rs100 million to Rs250 million, 8 per cent on Rs250 to Rs500 million, 8.25 per cent on Rs500 million to Rs1,000 million and 8.50 per cent on average saving deposit of Rs1,000 million and above.

On term deposits the HBL has announced 5.50 per cent on one month, 5.75 per cent on two months, 6 per cent on 3 months, 6.50 per cent on 6 months, 7 per cent on one year to one and half years, 7.50 per cent on two to two and a half years, 8 per cent on three years to three and a half years, 8.50 per cent on four years to four and a half year, 9 per cent on five years and above.

The HBL has declared 7.50 per cent for one to one and a half year PLS TDRs, 8 per cent for two to two and a half years, 8.50 per cent for three to three and three and half years, 9 per cent for four years and four and a half years and 9.50 per cent on five years and above.

PLS-SNTDs, the HBL has offered 4.50 on 7 to 29 days notice, 5.50 per cent on 30 days and over. It has declared 9 per cent on PLS monthly income scheme (three years) (MIS), 9 per cent on PLS converted rupee saving deposits (discontinued), 5 per cent on crorepati deposit certificates (discontinued) for three months, 9.50 per cent on PLS-monthly income scheme (5 years) (discontinued), 10 per cent on PLS bulk converted rupee saving deposits, 8 per cent on PLS Golden term deposits, 6 per cent on Golden saving deposits.

Financial institutions term deposits receipts for three months on deposits of Rs100 to Rs250 million will get 7.75 per cent, on Rs250 million to Rs500 million 8 per cent, 8.25 per cent on Rs500 million to Rs1,000 million and 8.50 per cent on Rs1,000 million and above.