Returns on Profit and Loss Sharing Investment Bank Accounts (JANUARY TO JUNE 2019)

KARACHI: Comparative table of returns being given banks on their Profit and Loss Sharing Investment Accounts and Term Deposits.

=====================================================================================================================================
RETURNS ON PLS INVESTMENTS                                            (JULY TO DECEMBER 2019)                                PERCENT)
=====================================================================================================================================
BANKS                       NOTICE     DEPOSIT   Saving                                  TERM DEPOSITS
                           7 to 29   30 days &     Acct   1 Mth   2 Mths   3 Mths     6 Mths    1 Yr   2 Yrs   3 Yrs    4 Yrs   5 Yrs
                              days       above
=====================================================================================================================================
Allied Bank                  11.25       11.25    11.25   11.25      -     11.25      11.25    11.75       -   11.25        -   11.25
Bank Al Habib                11.25       11.25    11.25   11.25      -     11.35      11.50    12.10   11.60   11.45    11.40   11.35
Bank Of Khyber                5.00        5.50    11.25       -      -      6.00       6.25     6.50    7.50    7.75     8.15    8.40
First Women Bank              1.50        1.50    11.25   11.75      -     11.30      11.40    11.50   11.25   11.00    10.75   10.50
Habib Metro Bank             11.25       11.25    11.25   11.35      -     11.40      11.50    12.00   11.50   11.30    11.35   11.40
Habib Bank                   11.25       11.25    11.25   11.29      -     10.89      10.99    11.05   12.00    9.99        -   10.81
Faysal Bank                  10.00       11.25    11.25   11.25      -     11.50      11.60    12.25   10.75   10.75        -       -
ZTBL                             -           -    11.25       -      -     11.65      11.85    12.25   12.45   12.85    12.90   12.95
-------------------------------------------------------------------------------------------------------------------------------------
FOREIGN BANKS
-------------------------------------------------------------------------------------------------------------------------------------
Deutsche Bank AG             12.68       12.53    11.25   12.59   12.62    12.66      12.68        -       -       -        -       -
=====================================================================================================================================

NOTE: *Rates to be read as upto

Copyright Business Recorder, 2020