SME Bank declares profit rates

Saturday, 23 January 2010 11:30

Highlights - Corporate News

ISLAMABAD  : 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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