KARACHI, Jan 20: Faysal Bank Ltd. (FBL) has announced 0.5-4.75 per cent rate of return on saving deposits for July-December 2002 — the lowest return on deposits of up to Rs25,000 and the highest on deposits exceeding Rs100,000.

The bank has announced 0.5-5.25 per cent return on deposits maintained under its Rozana Munafa scheme for individuals and 0.5-4.5 per cent return on corporate accounts of the same scheme.

The bank offered 0.5-4.0 per cent return on the deposits of commercial and investment banks also under Rozana Munafa scheme.

Under Rozana Munafa Plus scheme individual depositors got 0.5-5.25 per cent return and corporate depositors got 0.5-4.25 per cent return in December 2002. In earlier months the rates of return were higher.

Under Faysal Premium scheme individuals got 0.5-6.15 per cent return; corporates 0.5-5.15 per cent return and investment and commercial banks 0.5-4.0 per cent return in December 2002. In earlier months the returns were higher.

Under Faysal Premium Extra scheme individuals received 0.5-6.5 per cent return; corporates received 0.5-5.50 per cent and investment and commercial banks as well as modarabas got 0.5-4.0 per cent return in December 2002. In earlier months they had got higher rates.

Under Marhaba Munafa scheme the rates of return were 6 per cent on one month; 6.25 per cent on three months and 6.50 per cent on six months in December 2002. And under Marhaba Munafa Plus scheme 6.22 per cent was paid out on three months deposits and 6.41 per cent on six months deposits. In both schemes the rates of return were higher in earlier months.

In December 2002 the depositors got returns at the following rates: 7-day notice 3pc, 30-day notice 3.5pc, one month 5pc, three months 5.25pc, two months 5.75pc, three months 6pc, six months 5.93pc, six months (monthly payout) 6.25pc, one year 6.08pc and one year (monthly payout) 7pc. The rate of return on two years to seven and half year deposits was also 7 per cent.