Two banks announce profit rates

Published July 24, 2002

KARACHI, July 23: Saudi Pak Commercial Bank paid 4pc return on the saving accounts of up to Rs50,000 and 8pc return on more than Rs50,000 during April 8 to June 30, 2002.

The bank paid 4pc and 5pc return respectively on 7-29 day special notice deposits and 30-day and above notice deposits.

The account holders got the following rates of return on fixed term deposits: one month 7pc; three months 8pc; six months 8.5pc; one year 9.50pc; two years 10pc; three years 10.5pc; four years 11pc and five years 11.5pc.

Under the Super Saver monthly income scheme of the bank the account holders got 6pc return on deposits of Rs100,000 to Rs1 million; 7pc on more than Rs1 million to Rs5 million; 7.5pc on more than Rs5 million to Rs10 million; 7.75pc on more than Rs10 million to Rs20 million; 8pc on over Rs20 million to Rs50 million; 9pc on over Rs50 million to Rs100 million and 10pc on over Rs100 million.

Under one-year silver term deposits the account holders got 9.5pc return and under five year gold term deposits they got 11.5pc.

Under Mahana Plan the bank paid 8.75pc return on one year deposits; 9.25pc on two years; 9.75pc on three years; 10.25pc on four years and 10.75pc on five years.

AG ZURICH: Habib Bank AG Zurich paid 6pc return on saving accounts for the half year ended on June 30, 2002.

The bank paid 5pc and 6pc return on special notice deposits of 7 days and 30 days respectively.

Under Habib Zurich Flexi deposit scheme the bank paid 9.45pc return and under Habib Zurich monthly profit scheme it paid 9.60pc return.

The account holders got the following rates of return on fixed term deposits: 6pc on one month; 7pc on three months; 8pc on six months; 8.5pc on one year; 8.75pc on two years; 9pc on three years; 9.5pc on four years and 10pc on five years.

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