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| January 18, 2003 | Saturday | Ziqa'ad 14, 1423 |
Three banks profit rates
KARACHI, Jan 17: Allied Bank of Pakistan on Friday announced following profit rates for the half year ended December 31, 2002, says a press release.
PLS Saving Deposits A/C: For monthly minimum balance below Rs10,000 0.10pc; for monthly minimum balance Rs10,000 & above 2.50pc.
PLS Special Notice Deposits: 7 to 29 days 2.50pc; over 30 days notice 3.50pc.
PLS Term Deposits: 1 month 3.50pc; 2 months 3.50pc; 3 months 4pc; 6 months 4.50pc; 1 year 5pc; 2 years 5pc; 3 years 5.50pc; 4 years 5.50pc; 5 years & above 6pc.
Bolan Business Premium Deposit Account: 6.50pc.
Bolan Mahana Amdani Deposit Account: With chequing facilities: (no. restriction of withdrawals) 4pc.
Term Deposits Account: 6 months 4.50pc; 1 year 5.50pc; 2 years 6pc; 3 years 6.50pc; 4 years 7pc; 5 years 7.50pc.
Special Deposit Account: Rs1,000,001 to Rs5,000,000 4.50pc; Rs5,000,001 to Rs10,000,000 5.25pc; Rs10,000,001 and above 5.50pc.
Special Notice Deposits: 7 to 29 days 3.50pc; 30 days and over 4.50pc.
Saving Accounts: Rs2,001 to Rs25,000 1.50pc; Rs25,001 to Rs100,000 2.50pc; Rs100,001 to Rs500,000 3.50pc; Rs500,001 and above 5pc.
Term Deposits Receipts: For 1 month and above but less than 3 months 4.50pc; for 3 months and above but less than 6 months 5pc; for 6 months and above but less than 1 year 5.50pc; for 1 year and above but less than 2 years 6pc; for 2 years and above but less than 3 years 6.50pc; for 3 years and above but less than 4 years 7pc; for 4 years and above but less than 5 years 7.50pc; for 5 years and above 8pc.
PESAHWAR BUREAU ADDS:
BANK OF KHYBER: The rate of profit on PLS saving account has been fixed at 4 per cent, 3.25pc in the case of SDA up to Rs99,999, 4.35pc for the SDA between Rs100,000 and Rs5m, 5.20pc for the SDA between Rs5,000,001 and Rs8m, 5.7pc for the SDA between Rs8,000,001 and above, 2.9pc in the case of PLS accounts involving seven days notice period and 3.25pc against 30 days notice.
In the case of term deposits, the rate of profit would be 4.8pc for two months, 5.1pc for three months, 5.7pc for six months, 6pc for one-year, 6.5pc for two-year, 7pc for three-year, 7.25pc for four years, 7.5pc for five year and 8pc for the Khyber Monthly Scheme.
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