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  • Newspaper Publishing Profit Rates on Deposits

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    M Abbas Jadoon
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    This document outlines profit rates on deposits for local and foreign currency accounts at a bank from July 1, 2016 to December 31, 2016. For local currency savings accounts, the profit rate is 3.75% for all account types and amounts. Notice deposits and term deposits have varying profit rates based on duration and amount. Foreign currency savings accounts have lower profit rates than local currency accounts, ranging from 0.05-0.20% for monthly savings and 0.10-0.20% for PLS savings. Foreign currency term deposits also have varying rates based on duration, from 0.10-0.70%.

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    Rates-Declaration-LCY-FCY-from-Jul-Dec16-6

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    This document outlines profit rates on deposits for local and foreign currency accounts at a bank from July 1, 2016 to December 31, 2016. For local currency savings accounts, the profit rate is 3.75% for all account types and amounts. Notice deposits and term deposits have varying profit rates based on duration and amount. Foreign currency savings accounts have lower profit rates than local currency accounts, ranging from 0.05-0.20% for monthly savings and 0.10-0.20% for PLS savings. Foreign currency term deposits also have varying rates based on duration, from 0.10-0.70%.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    9 views1 page

    Newspaper Publishing Profit Rates on Deposits

    Uploaded by

    M Abbas Jadoon
    This document outlines profit rates on deposits for local and foreign currency accounts at a bank from July 1, 2016 to December 31, 2016. For local currency savings accounts, the profit rate is 3.75% for all account types and amounts. Notice deposits and term deposits have varying profit rates based on duration and amount. Foreign currency savings accounts have lower profit rates than local currency accounts, ranging from 0.05-0.20% for monthly savings and 0.10-0.20% for PLS savings. Foreign currency term deposits also have varying rates based on duration, from 0.10-0.70%.

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    © All Rights Reserved
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    Newspaper Publishing

    PROFIT RATES ON DEPOSITS


    LCY Saving & Term Deposits
    Effective from July 1, 2016 - December 31, 2016
    10Mn – Under
    Product Type Product Profit Frequency Less than 500K 500K- under 1Mn 1Mn –under 3Mn 3Mn –Under 5Mn 5Mn – Under 10Mn 20Mn and above
    20Mn
    Monthly Munafa Account Monthly 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%
    Senior Citizens Account Monthly 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%
    PLS Savings Account Half Yearly 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%
    Savings Account Smart Savers Account Monthly 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%
    Munafa Plus Account Monthly 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%
    Asaan Account Monthly 3.75% 3.75% 3.75% 3.75% 3.75% 3.75% 3.75%
    Notice Deposits (Less than 30 days) Maturity 3.75% 3.75% 3.75% 3.75% 3.85% 3.90% 4.00%
    1 Month Maturity 3.85% 3.85% 3.85% 3.95% 4.05% 4.15% 4.25%
    3 Months Maturity 3.90% 3.90% 3.90% 4.00% 4.10% 4.20% 4.30%
    6 Months Maturity 3.95% 3.95% 3.95% 4.05% 4.15% 4.25% 4.35%
    Monthly 3.85% 3.85% 4.45% 4.45% 4.50% 4.60% 4.75%
    Term Deposits Quarterly 3.95% 3.95% 4.45% 4.55% 4.65% 4.75% 4.85%
    1 Year
    Half Yearly 4.05% 4.05% 4.55% 4.65% 4.75% 4.85% 4.95%
    Maturity 4.15% 4.15% 4.75% 4.75% 4.90% 5.00% 5.10%
    5 Years Monthly 6.50% 6.50% 6.50% 6.50% 6.50% 6.50% 6.50%

    FCY Deposit Rate Sheet


    Effective from July 1, 2016 - December 31, 2016
    FCY Monthly Saving Accounts
    USD Euro GBP
    Up to 100K 0.05% 0.10% 0.10%
    Above 100K 0.075% 0.125% 0.125%
    FCY PLS Saving Accounts
    USD Euro GBP
    All amounts 0.10% 0.20% 0.20%
    Term Deposits*
    USD Euro GBP
    7-29 Days 0.10% 0.20% 0.20%
    FDR One Month 0.15% 0.30% 0.30%
    FDR Three Months 0.20% 0.35% 0.35%
    FDR Six Months 0.30% 0.50% 0.50%
    FDR One Year 0.60% 0.70% 0.70%
    * The above rates are applicable on FCY balances equals or above USD/ EURO/GBP 1,000/-

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