The Bank of Punjab has announced the rates of profit on PLS deposits for the period of six months ended on 30th June 2004.
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Category %p.a
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Short Notice Time Deposits:
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7 days 0.50
30 days 1.00
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Saving Bank Account:
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Minimum balance upto Rs 10,000/- 0.25
Minimum balance Rs 10,001/- to Rs 50,000/- 1.00
Minimum balance above Rs 50,000/- 1.00
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PLS Term Deposits:
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1 month 1.00
2 months 1.00
3 months 1.25
6 months 1.50
1 year 1.75
2 years 1.75
3 years 2.00
4 years 2.00
5 years 2.50
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Monthly Income Scheme (on outstanding balances on 1.50
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Saving Profit Plus Account: General Customers:
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Rs 1,000 (m) & above but below Rs 5,000 (m) 1.00
Rs 5,000 (m) & above but below Rs 25,000 (m) 1.50
Rs 25,000 (m) & above but below Rs 100,000 (m) 1.75
Rs 100,000 (m) & above but below Rs 1,500,000 (m) 2.00
Rs 1,500,000 (m) & above 2.50
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Financial Institutions:
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Upto Rs 50,000 (m) 0.50
Above Rs 50,000 (m) to Rs 100,000 (m) 0.75
Above Rs 100,000 (m) 1.00
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Corporate Premier Account:
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Rs 100,000 (m) & above but below Rs 200,000 (m) 1.75
Rs 200,000 (m) & above 2.00
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Corporate Premier
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Term Accounts: General Corporate Entities
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(Rs 500 M & above):
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3 months 2.05
6 months 2.25
1 year 2.50
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Listed PSEs (Rs 500 M & above):
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3 months 2.25
6 months 2.50
1 year 2.75
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Educational Trusts, Charitable Institutions,
Non-profit Organisation etc (Rs 10 M & above):
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3 months 2.50
6 months 2.75
1 year 3.00
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