KARACHI, Oct 14: First Women Bank has announced to offer 1.90 per cent return on its PLS saving accounts during October-December 2003.

In a press release the bank said the same rate of return would be paid on home management savings; women own savings and student savings during this period.

It said that under its hyper profit scheme, which is a current- cum-saving account scheme, it will pay 1.90 per cent return on deposits of Rs100,000 and more but below Rs5 million; 2.15 per cent on deposits of Rs5 million and more but less than Rs50 million; 2.35 per cent on deposits of Rs50 million and above but less than Rs10 million; 2.50 per cent on deposits of Rs100 million and above but less than Rs500 million; and 2.75 per cent return on deposits of Rs500 million and above.

On term deposits, the bank will pay two per cent on three months; 2.25 per cent on six months; 2.75 per cent on one year; 3.25 per cent on two years; 3.50 per cent on three years and 3.75 per cent on five years.

It will pay one per cent return on special notice time deposits of seven days and 1.25 per cent on those of 30 days.