The mybank Limited has declared the following profit rates on PLS deposits for the period of six months ended December 31, 2010
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Special Notice Deposit Term Deposit Regular
Deposit Period Account (Rs: 50,000 and above)
(Rs: 50,000 and above) Profit Payable at Maturity
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7-29 Days 5.00 % p.a. -
30 Days and over 5.00 % p.a. -
1 Month - 6.00% p.a.
3 Months - 7.00% p.a.
6 Months - 8.00% p.a.
1 Year - 10.50 % p.a.
2 Years - 10.75 % p.a.
3 Years - 11.00 % p.a.
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Business Premium Accounts
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Profit Calculated on Daily Product Basis, and Payable Quarterly
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Amount Profit Rate
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Up to Rs. 51000,000 5.00 % p.a.
Rs. 5,000,001 to Rs. 10,000,000 6.00 % p.a.
Rs. 10,000,001 to Rs. 25,000,000 6.50 % p.a.
Rs. 25,000,001 to Rs. 50,000,000 7.00 % p.a.
Rs. 50,000,001 to Rs. 75,000,000 7.50 % p.a.
Rs. 75,000,001 and above 8.00 % p.a.
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PLS Savings Account
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Profit Calculated on Minimum Monthly Balance & Payable Semi-Annually
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Amount Profit Rate
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Any Deposit Amount 5.00 % p.a.
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Declaration of Profit on PLS Deposit Accounts for the period
July 1st 2010 to December 31st 2010
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Special Deposit Accounts for Fixed Period
(Profit Payable Quarterly)
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Deposit Period Profit Rate
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1 Year 10.35 % p.a.
2 Years 10.60 % p.a.
3 Years 10.75 % p.a.
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Fixed Term Deposit Scheme (Profit Payable Monthly *)
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Deposit Period Profit Rate
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1 Year 10.00 % p.a. *
2 Years 10.25 % p.a. *
3 Years 10.50 % p.a. *
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Features:
i) 90% financing allowed against the deposit.
ii) Free ATM card.
Note: * Penal Interest @ 2.00% will be charged on pre-mature Term Deposit from the date of encashment till the date of maturity under this scheme. Deduction of Zakat and Withholding Tax as per Law unless exempted.
We shall appreciate your publishing the above rates in your newspaper at an early date.
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