SME Bank declares profit rates

The management of SME Bank Ltd has declared the following rates of profit on various deposit schemes for the period July 1st 2009 to December 31st 2009. According to a press release of the SME bank issued on Friday.

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Current Account                 0.00%

PLS Saving Account.

 (Profit payment bi-annually,

calculated on minimum           5.00%

SME Rozana Izafa Aur Mahan Munafa (Monthly Payment of profit Calculated on daily basis

Upto 49,99                      5.00%

From 50,000 to 999,999          5.50%

From 1.000 M to 9.999 M         6.50%

From 10.000 M to 49.999 M       7.50%

From 50.000 M and Above         9.00%

SME Regular TDR. (Profit to be paid after maturity of the TDR)

7 Days Short Notice Deposit     5.00%

30 Days Short Notice Deposit    5.50%

SME Fixed Term Deposit payable on maturity

1 Month                         7.50%

3 Months                        8.50%

6 Months                        9.50%

1 Year                         10.50%

2 Years                        11.50%

3 Years                        12.00%

Mahana Amdan Account (Profit on 1st working day of each month)

1 Year                         10.00%

2 Years                        10.50%

Upto 100,000                    5.00%

From 100,001 to 300,000         5.25%

From 300,001 to 500,000         5.50%

From 500,001 to 800,000         5.75%

From 800,001 to 1000,000        6.00%

From 1,000,001 and above        6.75%

Qatra Qatra Darya

 Savings Accounts               5.00%

Qatra Qatra Darya

 Current Accounts                 Nil

SME Staff Accounts

(On daily balances

with no minimum

balance requirements            7.00%

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