KARACHI, Jan 20: Muslim Commercial Bank (MCB) offered 1.30-4.0 per cent rates of return on term deposits for July-December 2003. An MCB announcement says the bank paid the following rates of return on term deposits: 1.30pc for one month; 1.50 per cent for two months and over; 1.70 per cent for three months and over; 2 per cent for six months and over; 2.30 per cent for one year and over; 2.50 per cent for two years and over; 3 per cent for three years and over; 3.5 per cent for four years and over; 4 per cent for five years and over.

The bank handed out 0.10pc return on saving deposits where the balances were below Rs20,000 and 1.30pc where balances were above Rs20,000. The MCB customers having Rs10 million to Rs500 million in their accounts got 0.80-1.0pc return under its Savings 365 Gold scheme.

Meanwhile, First Women Bank (FWB) paid 2.0-3.25pc profit on term deposits for July-December 2003. The bank offered 2pc return on three months; 2.25pc on six months; 2.5pc on one year; 2.75pc on two years; 3pc on three years; and 3.25pc on five years.

An FWB announcement said the bank paid 1.80pc return on various saving schemes. Under its hyper profit scheme which combines current-cum-saving scheme features, FWB paid 1.55pc for deposits of Rs100,000 but less than Rs5 million; 1.6pc for deposits of Rs5 million but less than Rs50 million and 1.65pc for deposits of Rs50 million but less than Rs100 million.