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Askari Commercial Bank Limited has declared the following rates of profit on PLS deposits for the period of six months ended on December 31, 2003.

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Saving Deposits: %p.a.
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Saving Accounts:
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Up to Rs 9,999 1.00
Rs 10,000 and above 2.00
--------------------------------------------------------
Askari Special Deposit Accounts (ASDA):
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Rs 50,000 to Rs 999,999 1.00
Rs 1,000,000 and above 2.00
--------------------------------------------------------
Askari "Faida" Accounts:
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Rs 50,000 and above 0.25
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Askari "Faida" Accounts:
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Rs 50,000 to Rs 999,999 1.00
Rs 1,000,000 to Rs 4,999,999 2.00
Rs 5,000,000 and above 3.00
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Value Plus Saving Accounts
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(Min. Bal. Rs 10,000) 2.00
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Notice Deposits:
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7 days 0.50
29 days 1.00
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Term Deposits:
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One month 1.00
Two months 1.25
Three months 1.50
Six months 2.00
One year 2.50
Two years 2.75
Three years 3.00
Four years 3.50
Five years 4.00
Askari Advantage (TDR) (Min. Bal. Rs 100,000) 1.50
--------------------------------------------------------
Askari Bachat Certificates:
--------------------------------------------------------
Three years 4.00
Five years 5.00
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Value Plus Time Deposits (Min. Bal. Rs 25,000):
--------------------------------------------------------
Three months 1.50
Six months 2.00
One year 2.50
--------------------------------------------------------
Askari Bank's Investment Certificates:
--------------------------------------------------------
One month 1.50
Two months 2.00
Three months 2.50
========================================================

Copyright Business Recorder, 2004

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