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NIB (NDLC-IFIC Bank Limited) has declared rates of profit on PLS deposits for the period of six months ended on December 31, 2003.

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Nature of Deposits July-Oct. Nov.-Dec
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Saving Deposits: %p.a %p.a
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Deposit Upto Rs 10,000 1.00 -
Deposit Rs 10,001 to Rs 50,000 1.50 -
Deposit Rs 50,001 to Rs 100,000 2.00 -
Deposit Rs 100,001 & Over 3.00 -
Deposit Upto Rs 25,000 - 0.50
Deposit Rs 25,001 to Rs 100,000 - 2.50
Deposit Rs 100,001 to Rs 500,000 - 3.00
Deposit Rs 500,001 to Rs 1,000,000 - 3.25
Deposit Rs 1,000,001 to Rs 5,000,000 - 3.50
Deposit Rs 5,000,001 and Over - 4.00
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Super Saving A/C Monthly Payment of Profit:
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Deposit Below Rs 200,000 2.50 2.50
Deposit Rs 200,001 to Rs 5,000,000 3.00 3.00
Deposit Above Rs 5,000,000 3.50 3.50
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Super Saving A/C Bi-Annually Payment of Profit:
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Deposit Below Rs 200,000 2.50 2.50
Deposit Rs 200,001 to Rs 5,000,000 3.50 3.50
Deposit Above Rs 5,000,000 4.00 4.00
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Term Deposit:
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7 days notice deposit 2.00 2.00
1 month 3.00 3.00
3 months 3.25 3.25
3 months (on deposit of Rs 10 million & o - 3.50
6 months 3.75 3.75
6 months (on deposit of Rs 50 million & o - 4.00
1 year 4.00 4.00
1 year (on deposit of Rs 50 million to 75 - 4.75
1 year (on deposit of over Rs 75 million) - 5.00
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NIB Super Munafa Monthly Profit Scheme
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(6 Monthly Maturity) 3.50 3.50
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Copyright Business Recorder, 2004

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