Soneri Bank announces profit rates on PLS accounts

KARACHI: Soneri Bank Limited declared rates of profit for different types of PLS deposits for July-December 2011.

On PLS saving account the profit rate is 5 percent, on Soneri Sahara Account (senior citizens), rate is 10 percent, on PLS Soneri saving account, up to Rs 100,000, rate is 5 percent, over Rs 100,000 to Rs 1 million, rate is 7 percent, over Rs 1 million to Rs 5 million, rate is 8 percent, over Rs 5 million to Rs 10 million, rate is 9 percent and over Rs 10 million the rate is 9.5 percent.

On notice deposit accounts, rate on 7-day notice is 6 percent and on 30-day rate is 8 percent.

On term deposit for one-month, rate is 8 percent, for 3 months rate is 8.5 percent on maturity, for 6 months rate is 9 percent on maturity, for one year rate is 10.75 percent on maturity, for 2 years rate is 11 percent on maturity and for three years that rate is 11.25 percent on maturity.

On diamond deposit, for one year rate is 10 percent, for 2 years rate is 10.60 percent and for 3 years rate is 10.75 percent.

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