Rack Rate Sheet
JANUARY 01,2013 TO JUNE 30, 2013
Six monthly Profit Payment on Minimum Monthly Balance
(Please see note below)
A Saving
Accounts		 Individual Corporate Financial Institutions
PLS Saving Account 6.00% 6.00% 6.00%
Accounts can be opened from Rs 100/-

 

Profit Payment on Daily Product on Monthly Basis
(Please see note below)
B Deposit Rate 6.00%
Deposits upto Rs. 1 million

 

Short Notice Deposit
C Deposit Period Rate
7-29 Days 6.00%

 

Term Deposits (Please see note below)
D Tenor Profit Payment on Maturity Profit Payment on Monthly Profit Payment on Quaterly Profit Payment on Semi Annually Profit Payment on Annually
1 Month 6.50% 0.00% 0.00% 0.00% 0.00%
3 Months 7.00% 6.75% 0.00% 0.00% 0.00%
6 Months 7.50% 7.00% 7.25% 0.00% 0.00%
1 Year 8.00% 7.25% 7.50% 7.75% 0.00%
2 Years 8.75% 7.50% 8.00% 8.25% 8.50%
3 Years 9.00% 8.00% 8.25% 8.50% 8.75%
4 Years 9.50% 8.50% 8.75% 9.00% 9.25%
5 Years 10.00% 9.00% 9.25% 9.50% 9.75%

 

Profit Payment on Monthly Basis
(Please see note below)
E Mahana Amdan 3 Months 6 Months 1 Year 2 Years 3 Years
Individual 6.75% 7.00% 7.25% 7.50% 8.00%
Corporate 6.75% 7.00% 7.25% 7.50% 8.00%
Financial Institution 6.75% 7.00% 7.25% 7.50% 8.00%

 

Monthly Profit Payment on Average Balance
(Please see note below)
F Hamara Family Saving Account Rate
Deposits Rate 6.00%
Additional Bonus (Note:12) 2.00%

 

Profit Payment on Monthly Basis
(Please see note below)
G Summit Advantage Account 1 Year
Minumum Deposit Amount of Rs. 100,000/- 8.50%
and Maximum Deposit Amount of Rs.
10,000,000/-

 
 

H Foreign Currency Deposit Rates
USD, EURO & GBP: 1.00%
Japanese Yen: 0.50%

 

NOTES:
1. Terms & Conditions applicable to the account may change from time to time. Zakat and income tax applicable as per govt. rules
2. For improvement of rates please contact Relationship Manager/Branch Manager at SMBL
3. All profit rates are in percentage per annum. These rates are indicative and subject to change
4. For relationship balances of Rs.5 million and above, rates can be quoted upon request
5. Minimum term deposit amount is Rs.50,000 for Regular Term Deposits
6. Minimum balance of SMBL Saving Profitable account is Rs.25,000.
7. In case of premature encashment, no penalty will be charged and the profit will be paid at the rack rate (TDR actually booked ) of last completed tenor on the broken period.
8. These rates will be applicable from January 01, 2013 for all Saving Accounts.
9. For Term Deposits, these rates will be applicable for all deals booked from January 01, 2013.
10. Minimum amount of deposit on mahana amdan scheme will be Rs. 50,000/-.
11. Minimum amount of deposit on Hamara Family Saving Account will be Rs. 5,000/-.
12. Additional 2% (Bonus Profit) will be given if average 6 monthly balance is maintained at Rs. 100,000/- collectively on all family accounts. Profit will be distributed on actual share of family members and payable bi-annualy.
13. Financing facility available upto 70% of total deposit amount of Summit Advantage Account and charge markup rate of 8.50% p.a. and loan processing charges will be applicable as per schedule of charges of the bank.. In case of premature within six month, no profit will be made while premature after six months, rack rates of 6% will be applied.
14.Loan processing charges will be applicable on financing facility if avail by Summit Six Account Holders.