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KARACHI, Jan 24: Faysal Bank Ltd did not pay any return on saving deposits up to Rs25,000 in six months to December 2003. The bank said in an announcement that it paid 0.9 per cent return on saving deposits of Rs25,000 to Rs100,000 and 2.25pc on more than Rs100,000.
The bank paid returns on fixed deposits at the following rates: 2pc on one month; 2.25pc on two months; 2.75pc on three months; 3.5pc on six months; 4pc on year; 4.25pc on two years; 4.5pc on three to seven and a half years.
DEUTSCHE BANK: The bank paid 0.5 per cent return on saving deposits in six months to December 2003. The bank said in a statement that it paid 1.11pc return on three-month term deposits; 1.6pc on six months and 3.39pc on one year.
NDLC-IFIC BANK: The bank paid 3-5 per cent return on its fixed term deposits in November-December 2003. The bank said in an announcement that it paid 3pc return on one month; 3.25pc on three months; 3.5pc on three months on balances of Rs10 million and above; 3.75pc on six months; 4pc on six months where the amount of deposits was Rs50 million more; 4pc on one year; 4.75pc on one-year deposits of Rs50-70 million and 5pc on one-year deposits of more than Rs75 million.
BOLAN BANK: The bank did not pay any return on saving deposits up to Rs5000, according to an announcement by the bank.
The bank said it paid 1pc return on saving deposits up to Rs50,000; 1.5pc up to Rs100,000; 2pc up to Rs500,000; 2.25pc up to Rs1 million; 2.5pc on saving deposits up to Rs10 million; 2.75pc up to Rs50m; 3pc up to Rs100m and; 4pc on saving deposits exceeding Rs100 million.
The bank said it paid 3pc return on fixed deposits for three months; 3.25pc for six months; 3.5pc for one year; 4.5pc for two years; 5pc for three years; 5.5pc for four years and 6pc for five years.
