|  Bank
AL Habib has now introduced “5 Years Growth Certificates” for its
customers which are for a longer tenor at very attractive rates.
Receipts may be issued on PLS Term Deposit Receipts clearly marked
“5 Years Growth Certificates”.
| Salient Features |
| Period of Deposits : |
5 Years |
| Profit Payment : |
Every 6 months |
| Mode of payment of profit
: |
Credit to Account |
| KYC for new accounts : |
Yes |
| Automatic Renewal : |
For Principal Amount Only |
| Rate of Profit at Renewal
: |
Rate applicable on the date of renewal |
| Tentative
Profit Rate |
| Term |
Rate |
| 1st 6 months |
6.00% |
| 2nd 6 months |
6.50% |
| 3rd 6 months |
7.00% |
| 4th 6 months |
7.50% |
| 5th 6 months |
8.00% |
| 6th 6 months |
8.50% |
| 7th 6 months |
9.00% |
| 8th 6 months |
9.50% |
| 9th 6 months |
10.00% |
| 10th 6 months |
10.50% |
Note:
If the deposit is encashed before completing a year, no profit is
to be paid. If the profit for the first six months is already paid,
it will be deducted from the principal amount.
|
