IDBP's declares PLS profit rates

The Industrial Development Bank of Pakistan (IDBP) has announced the following rates of profit on different categories of PLS deposits for the half-year ended 30th June 2011:

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Categories of deposits                     % p.a.

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i) Special Notice Deposits:

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7-29 days notice                             2.50

30 days & over                               3.00

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ii) Saving Account                           5.00

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iii) Business Deposit Account:

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Upto deposit of Rs 100 million               5.00

Above Rs 100 million to Rs 500 million       5.25

Above Rs 500 million to Rs 750 million       5.50

Above Rs 750 million to Rs 1 billion         5.75

And above Rs 1 billion                       6.00

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iv) Term Deposits:

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On deposits w.e.f. 01.05.2009:              12.00

(12 months & above tenor)

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v) Mahana Amadni Scheme:

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Deposits obtained w.e.f. 01.05.2009         12.00

(tenor one year)

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vi) Employees Behbood Scheme

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(As per scheme):                            12.00

(one year tenor)

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