KARACHI, July 22: The Bank of Punjab paid 4 per cent return on saving deposits for the half year ended on June 30, 2002. The bank paid 5 per cent and 5.50 per cent return on 7-day notice deposits and 30-day notice deposits respectively.

The depositors got the following rates of return on fixed term deposits: one month 6 per cent; two months 6.25 per cent; three months 6.5 per cent; six months 7 per cent; one year 7.5 per cent; two years 8 per cent; three years 8.25 per cent; four years 8.25 per cent and five years 8.50 per cent.

The bank paid 6 per cent return on the outstanding balances mobilized under monthly income scheme — but it paid no return at all on the balances mobilized under prize saving scheme.

Under saving profit plus scheme for the general customers the bank paid 6 per cent return on deposits of Rs1 million to below Rs5 million; 6.75 per cent return on deposits of Rs5 million to below Rs25 million; 7 per cent return on deposits of Rs25 million to below Rs100 million and 7.5 per cent on deposits of Rs100 million and above.

Under the same scheme for the financial institutions the bank paid 3.5 per cent profit on deposits of up to Rs50 million; 4 per cent on deposits of more than Rs50 million to Rs100 million and 4.5 per cent on deposits of more than Rs100 million.

PICIC: Pakistan Industrial Credit & Investment Corporation paid 7.5 per cent return on one-month prompt profit certificates and 9.75 per cent return on one-year unique deposit certificates.

The corporation paid 8 per cent and 8.5 per cent return on three months and six months certificates of deposits; 9.5 per cent and 9.75 per cent on one-year and two-year deposits and 10 per cent and 10.5 per cent on three-year and five-year deposits respectively.

The corporation handed out 9.25 and 9.5 per cent return on one- year and three-year family income certificates and 10pc return on five-year certificates.

Under term deposit accounts the account holders got 6 per cent return on minimum balance of Rs10,000 and above; 7 per cent return on minimum balance of Rs1 million and above; 7.5 per cent return on minimum balance of Rs10 million and above and 8 per cent return on minimum balance of Rs25 million and above.