Returns on Profit and Loss Sharing Investment Bank Accounts (JAN TO JUNE 2020)

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

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RETURNS ON PLS INVESTMENTS                                                  (JAN TO JUNE 2020)                                         (PERCENT)
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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
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First Women Bank              1.50      1.50      6.50       6.50         -     6.25      6.00      5.75        5.50    5.25        5.25    5.25
Habib Metro Bank              6.50      6.50      6.50       6.75         -     6.75      6.75      7.00        6.85    6.75        6.60    6.50
Habib Bank                    6.50      6.50      6.50       6.25         -     5.95      5.77      5.85        7.35    5.04           -    5.44
ZTBL                             -         -      6.50          -         -     6.90      6.80      6.85        6.80    6.50        6.50    6.50
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FOREIGN BANKS
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Deutsche Bank AG              4.49         -      6.50      12.07      10.96    12.58       -         -           -       -           -        -
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NOTE: *Rates to be read as upto

Copyright Business Recorder, 2020