Punjab Provincial Cooperative Bank declares PLS profit rates

Punjab Provincial Co-operative Bank Limited (PPCBL) has announced the rates of profit on PLS deposits for the period of half year ended 31 December 2010 as under:

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S.No TYPES OF DEPOSITS                                RATE OF PROFIT

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1.  SAVING BANK DEPOSITS                                  5.00% p.a.

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2.  ENHANCED SAVING A/C                                   6.00% p.a.

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3.  SPECIAL NOTICE DEPOSITS:

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    i) 7 to 29 days notice.                               3.00% p.a.

    ii) Over 30 Days notice.                               4.00% pa.

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4.  TERM DEPOSITS:

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    i). 3 Months.                                        8.00 % p.a.

    ii). 6 Months.                                       9.50 % p.a.

    iii). 1 Year.                                       10.00 % p.a.

    iv). 2 Years.                                       10.50 % p.a.

    v). 3 Years.                                        11.00 % p.a.

    vi). 4 Years.                                       12.00 % p.a.

    vii) 5 Years.                                       13.00 % p.a.

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5.  Monthly income Scheme:

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    General public.

    i) Rs 1.000 (m) & above but below Rs 5.000(m)          6.00% pa.

    ii) Rs 5.000 (m) & above but below Rs 25.000(m)       6.50% p.a.

    iii) Rs 25.000 (m) & above but below Rs 100.000(m)    7.00% p.a.

    iv) Rs 100.000 (m) & above but below Rs 1,500.000(    7.50% p.a.

    v) Rs 1,500.000 (m) & above but below Rs 2,500.000    8.00% p.a.

    vi) Rs 2,500.000 (m) & above                          8.50% p.a.

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    Senior Citizen

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    i) Upto Rs 10,000/-                                   7.00% p.a.

    ii) Rs 10,001/- to Rs 200,000/-                       7.50% p.a.

    iii) Rs 200,001/- to Rs 400,000/-                     8.00% p.a.

    iv) Rs 400,001/- to Rs 500,000/-                      8.50% p.a.

    v) Over Rs 500.000/-                                  9.00% p.a.

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    Cooperative Housing Societies

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    i) Rs 1.000 (m) & above but below Rs 5.000(m)         7.00% p.a.

    ii) Rs 5.000 (m) & above but below Rs 25.000(m)       7.50% p.a.

    iii) Rs 25.000 (m) & above but below Rs 100.000(m)    8.00% p.a.

    iv) Rs 100.000 (m) & above but below Rs 1,500.000(    8.50% p.a.

    v) Rs 1,500.000 (m) & above but below Rs 2,500.000     9.00% pa.

    vi) Rs 2,500.000 (m) & above                           9.50% p.a

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