KARACHI, July 11: The following banks have declared rates of profit for the period January 1 to June 30, 2005. SONERI BANK: The bank announced a two per cent per annum profit on PLS savings account, says a press release. Soneri savings account: Up to Rs1 million, 1.25pc per annum; over Rs1 million to Rs20 million, 1.75pc; and over Rs20 to Rs100 million, 2.50pc.
Notice deposits: Seven days, 1.50pc per annum; and 30 days, 2pc.
Term deposits: One month, 2pc per annum; three months, 2.25pc, six months, 2.50pc; one year, 3pc; two years, 3.25pc; three years, 3.50pc; four years, 3.75pc; and five years 4pc.
Rates for the period April-June 2005 are as under:
PLS savings account: 3pc per annum.
Soneri savings: Up to Rs1 million, 2.25pc per annum; over Rs1 million to Rs20 million, 2.75pc; and over Rs20 to Rs100 million, 4pc.
Notice deposits: Seven days, 1.50pc; and 30 days, 2pc.
Term deposits: One month 2.50pc; three months, 2.75pc; six months, 3pc; one year, 4pc; two years, 4.25pc; three years, 4.50pc, four years, 4.75pc; five years, 5pc; and six years, 7pc.
BANK Al HABIB: Saving bank deposits (with free life insurance cover), 1.50pc per annum; and saving bank - monthly (with free life insurance cover) 1pc per annum.
Treasurer’s call account: (profit payable on daily product basis), on balances from Rs250,000 to Rs999,999, 1.25pc per annum; from Rs1,000,000 to Rs4,999,9991, 1.50pc; and above Rs5,000,000, 1.75pc per annum.
Term deposits: One month, 1.50pc per annum; three months, 1.75pc; six months, 2pc; one year, 2.25pc; two years, 2.50pc; three years 2.75pc; four years, 3pc; and five years, 3.75pc.
Seven days notice deposit, 0.75pc per annum.
Mahana Amdani scheme: One year, 2pc per annum; two years, 2.25pc; three years, 2.50pc; four years, 2.75pc; and five years, 3.25pc.
Al Habib growth certificates: 1st six months (for three and five years period), 6pc; 2nd six months, 6.50pc; 3rd six months, 7pc; 4th six months, 7.50pc; 5th six months, 8pc; 6th six months for three years, 9pc and for five years, 8.50pc; 7th six months (for five years period), 9pc; 8th six months, 9.50pc; 9th six months, 10pc; and 10th six months, 10.50pc.