Profit rates

Published January 15, 2004

KARACHI, Jan 14: Allied Bank Limited on Wednesday announced the profit rates on all categories of PLS deposits for the half year ending December 31, 2003.

PLS Deposits: On amount less than Rs50,000, profit rate is 0.10pc; Rs50,000 to less than Rs100,000, 0.50pc; Rs100,000 and above, 1.00pc. PPA Operational Accounts: On Rs10 million to less than Rs100 million, profit rate is 1.00pc; Rs100 million to less than Rs 500 million, 1.50pc; Rs500 million and above, 1.75pc.

PPA Term Deposit Accounts: On 30 days Rs50 million and above, 1.00pc; 90 days and above Rs50 million and above, 1.50pc. PLS Special Notice Deposits: 7 to 79 days, 0.50pc; 30 days and above, 0.65pc.

PLS Term Deposits: On one month, 0.70pc; two months, 0.75pc; three months, 1.00pc; six months, 1.25pc; one year, 1.50pc; two years, 1.75pc; three years and above, 2.00pc.-APP

Rupali Bank: The bank announced 2.5 per cent profit rate on saving accounts for the half year ending December 31, 2003. It also declared terms deposit on three months at 2.7pc; on six months at 3pc; and on one year at 3.2pc, says a press release.

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